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Wednesday, October 24, 2007, #203 (1470)
On October 22, Azerbaijani President Ilham Aliyev discussed his country’s economic performance over the past nine months. The president said that economic growth reached 27 percent since January, although over the same period inflation hit 16 percent, according to the news agency Regnum. Aliyev also stated the average salary in Azerbaijan was USD 230 per month—the highest figure in any CIS country, he claimed. With pensions at USD 70, about 30 percent of the average salary, Aliyev added that Azerbaijani pensioners were better off than pensioners anywhere else in the CIS. He claimed that elsewhere in the CIS average monthly retirement benefits are 15–20 percent of the average salary |
High inflation in Azerbaijan, president admits, but workers still doing well