he restoration of independence allowed the Azerbaijan Republic to confidently develop along the path of building a democratic, sovereign, law-governed and secular state. Both throughout its long history and at present, Azerbaijan has been striving to maintain good neighborly relations with all states and give a new impetus to intercultural …
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BP presents 2016 year-end results in Azerbaijan
BP, the largest foreign investor in Azerbaijan’s oil and gas sector, revealed its 2016 year-end results. BP Azerbaijan, which is the operator of the block of Azeri-Chirag-Gunashli offshore oil and gas fields, as well as Shah Deniz gas and condensate field, reported that ACG continued to safely and reliably deliver …
Read More »10 FACTS you didn’t know about AZERBAIJAN
BP and Baku 2017 Islamic Solidarity Games sign a partnership agreement
BP and Baku 2017 Islamic Solidarity Games today signed an agreement that will see BP become the Official Oil and Gas Partner for the Games, which will be held in Baku from 12-22 May. This partnership is part of BP’s commitment to supporting the development of Azerbaijan’s sporting potential and …
Read More »Azerbaijan Economy in the First Nine Months of 2016; Brief Overview
CESD concluded its macro-economic survey results for the first nine months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.9 % in the first nine months in 2016 since CESD calculations found …
Read More »Why Azerbaijan needs a Strategic Reform of its foreign policy towards the European Union?
Introduction In 2015 Azerbaijan has experienced substantial economic difficulties due to its dependence on oil exports and the drop of the oil prices, which eventually forced the Azerbaijani govermenment to devaluate its national currency. The fall in oil prices is essentially influencing the incomes and venture prospects, thus taking a toll on the …
Read More »Falling Oil Prices and Its Implications for Azerbaijan’s Gas Policy
On February 23, Azerbaijan’s parliament adopted amendments to the state budget to adjust down expected budget revenues based on oil price estimates of as low as $25 per barrel (Azernews.az, February 23). Initially, the State Budget for 2016 projected oil at $50–55/barrel (Trend, September 14, 2015). On January 10, …
Read More »The Economy of Azerbaijan in 2015
Introduction In 2015, the expansion of the US economy accompanied with improved employment rates led the FED to switch to contractionary monetary policy. On the other hand, the second largest economic power-China encountered a lower long-term economic growth rate with a fall in exports, and thereby adversely affecting global economic activity. Moreover, the …
Read More »DREAMS ARE COMING TRUE IN AZERBAIJAN
The ancient land of Azerbaijan is steeped in history and folklore and discovering the country’s superstitions can be a lot of fun. To get you started Visions has explored several sites where locals and travellers are welcome to come and make their dreams come true… The Church of Kish It’s …
Read More »Herb pancakes – Goyerti gutabi
Gutabs, a version of pancakes, are an Azerbaijani national dish and can be made with meat, herbs or pumpkin. Gutabs are widespread in the Shirvan region which covers Baku, Shamakhi and the plain south to the Kur River. The cuisine of the Shirvan region is known for its flour-based dishes …
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