Economy

Azerbaijan, the third largest oil producer in the Commonwealth of Independent States (CIS) after Russia and Kazakhstan, shifted to a floating exchange rate regime on December 21, 2015, triggered by a rapid fall in oil prices. For the long term Azerbaijan had almost a constant peg of the US dollar …

The food balance is the economic table, reflecting sources of resources’ formation of the main type of food products and purposes its using.   The food balance reflects statistical data on movement from product output to its final consumption and gives an opportunity to analyse current situation, to forecast its …

On June 3, the president of the State Oil Company of Azerbaijan Republic (SOCAR), Rovnag Abdullayev, said that by the 2020s, gas production in Azerbaijan will reach around 40 billion cubic meters per year (bcm/a) (News.az, June 3), from the current level of 30 bcm in 2015, according to the …