Official forecasts for the economy of Azerbaijan in 2012 seem quite optimistic. According to the Ministry of Economic Development reports, the Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012, meanwhile The Central Bank of Azerbaijan is eager to keep inflation at single digits. Recently, The Central Bank announced that inflation rate will be kept no higher than 6,0 % in 2012. It is worth to mention that the annual inflation rate for December 2011 was 8%, according to the State Statistical Committee of Azerbaijan.