Completed in 2012, Shahdag is perfect for those travellers who are already well-adjusted to ski resorts in Western Europe and want to find somewhere more unusual and off the beaten track.

The Fund said that a faster-than-expected global recovery could push oil and gas prices higher, boosting revenues and strengthening fiscal and external balances.

Annual inflation in November was 6.2 percent, up from 5.7 percent in October this year. The central bank projects annual inflation this year in a range of 6.3-6.6 percent.