The government has instituted an import substitution policy that increases customs duties on certain products.
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Azerbaijan`s economy to grow by 2%
11 December 2016
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Azerbaijan`s economy will return to stable growth only in 2018, when the economy will then see 1-2% annually growth through 2020, said in the "Frontier Group Strategy" consulting company`s report.
In terms of public demand, the government has formed a conservative 2017 budget based on an oil price of $ 40/bbl and is committed to cutting spending, which will fall by 5% annually in nominal terms, company said.
The government has instituted an import substitution policy that increases customs duties on certain products.
The government has instituted an import substitution policy that increases customs duties on certain products.
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