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Thursday, January 10, 2008

Shadow economy making up 15-16% in Azerbaijan

15 December 2007 - Day.Az - The shadow economy nears 15-16% in Azerbaijan, as reported by the chairman of the State Statistical Committee of Azerbaijan Arif Veliyev. According to him, the shadow economy previously stood at 18-20% but has lately fallen down to 15%. A.Veliyev said the share of shadow economy experiences decline with the rise in oil production.

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