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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 …

  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, …

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 …

Insurance companies are trying not to raise their charges despite an increase in costs caused by devaluation The fall in oil prices and the reduction in the exchange rate have impacted on virtually all areas of Azerbaijan’s financial sector. However, even in such difficult circumstances, the insurance market has generally …

On the fate of the deputy interior minister of the ADR, Oriental sciences scholar Mahammad Sadig bay Agabayzada, and his relatives under Soviet rule. During the 70 years of Soviet rule any mention of his name in Azerbaijan was taboo. Even his closest relatives, who were able to see him and …

Azerbaijan has increased the state budget’s parameters for 2016, despite projected oil prices having decreased by half The fall in global oil prices and the devaluation of the national currency give new urgency to the issue of the Azerbaijani government’s response to these new challenges. The administration ended up adjusting …

The country’s economic potential will allow consumer goods’ imports to be considerably reduced. The instability on the raw materials markets and the drastic drop in oil prices has led to a deterioration in the world’s economic situation. At the recent conference on the implementation of the state programme for the …

With extremely unfavourable foreign economic and political conditions, Azerbaijan has the task of developing and carrying out a scientifically-proven, scientifically-based economic policy. The dependence of the national economy on world prices for carbon-fuel resources and the weak export potential of the non-petroleum economy make it vital that professional economists and …

“Every nation wants its composers to write in a language that is close to them, in their native musical language, although this is very difficult.” These are the words of Uzeyir Hajibayov, the founder of Azerbaijani written music and author of the first opera in the East. Hajibayov was close …

“Nush Olsun!” (“Bon Appetite!”) begins every meal time in Azerbaijan with rich and delicious national cuisine, delighting both soul and flesh. Azerbaijanis cordially invite their guests to try the national cuisine which they are very proud of. Restaurants and cafes all over the country offer a variety of national meals, …