Economic Development Ministry released economic forecasts of Azerbaijan

Growth rate of industry will be 55.2% this year and 41.8% next year, agriculture 9.5% and 10%; communications 35% and 25%; transportation 16% and 20%; social and informal services 5% and 6% respectively.

The volume of paid services provided for the population will rose 21.1% to AZN 1.2bn this year and rose 21.2% to AZN 1.5bn in 2007.

AZN 7.7bn will be invested in the economy in 2006 and AZN 7.8bn in 2007; the foreign investment will make some AZN 4.6bn this year and AZN 3.6bn next year.

The progress will result in the increase of cash incomes, average monthly salary and pensions.

Average monthly salary of those working at various spheres of the economy will rise 25% to AZN 156.1 this year and to AZN 195.1 next year.

The incomes of the population will rise by 27.4% this year and 2.5% next year.

The trade turnover of Azerbaijan will also rise. This indicator will be AZN 16.7bn (average export price per barrel oil USD 50) in 2006 and 19.7bn next year, APA reports.