“Report” reports that this was stated in the September edition of the European Bank for Reconstruction and Development’s (EBRD) Regional Economic Prospects report.
According to the EBRD, the largest increases in net import costs were recorded in Bosnia and Herzegovina and North Macedonia, amounting to 3% and 2.3% of GDP, respectively. These figures are based on price data recorded in April–May on an annualized basis.
The report emphasizes that for net energy exporters such as Azerbaijan, this effect resulted in an increase in export revenues equivalent to 3.9% of the country’s GDP.
According to the Netherlands’ largest banking group, ING Group, which provided comments to “Report,” a sustained $10-per-barrel increase in oil prices raises Azerbaijan’s annual export revenues by approximately $3 billion, while increasing government budget revenues from the energy sector by approximately $1.5 billion.
https://report.az/energetika/ebrd-azerbaycan-ixrac-gelirlerini-udm-in-3-9-i-qeder-artirib