Yerevan, 22.January.2019,

Azerbaijan’s economic situation critical

The economic situation in Azerbaijan has been described as critical by the Economic and Industry Committee of that country, according to local media.

Azerbaijani economy minister Samir Sharif noted that said that the country’s banking system is instable and weak, the budget expenses are more than entries.

He said that the country appeared in such situation from midst of 2015 and the government turned into saving regime.

Specialists were telling long ago that Azerbaijan which spends a lot of money on weapons sooner or later would have appeared in such situation.

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