ID :
46955
Sun, 02/22/2009 - 19:35
Auther :
Shortlink :
https://oananews.org//node/46955
The shortlink copeid
ASK PREPARES PROPOSALS TO REDUCE IMPACT OF GLOBAL FINANCIAL CRISIS
Baku, February 22 (AzerTAc). The ongoing global financial crisis has not yet hit Azerbaijan but if things continue like this it will be difficult to avoid it, the Azerbaijan National Confederation of Employers (Entrepreneurs) Organizations (ASK) reported.
The proposals prepared by the ASK to minimize impact of the crisis show that
Azerbaijan`s foreign trade with 137 countries reached 51.8 billion manats. Trade
with EU countries constituted 53.7% of Azerbaijan`s overall foreign trade turnover.
The deepening financial crisis in EU can cause serious problems for Azerbaijan.
To minimize impact of global crisis on small and medium-sized enterprises, ASK
proposed to prevent business downturn, increase in interest rates, keep energy
prices low and other actions.
The proposals prepared by the ASK to minimize impact of the crisis show that
Azerbaijan`s foreign trade with 137 countries reached 51.8 billion manats. Trade
with EU countries constituted 53.7% of Azerbaijan`s overall foreign trade turnover.
The deepening financial crisis in EU can cause serious problems for Azerbaijan.
To minimize impact of global crisis on small and medium-sized enterprises, ASK
proposed to prevent business downturn, increase in interest rates, keep energy
prices low and other actions.
