Political and economic stability 2nd fastest growing economy among 179 countries in terms of GDP per capita growth in 2001-2010 (The Economist). In the past 10 years: GDP grew by 3 times, non-oil GDP by 2.5 times, GDP per capita by 2.6 times, strategic currency reserves by 29 times. Foreign …
Read More »Baku-Tashkent coop in electrical engineering field marks significant step towards enhancing bilateral economic ties
Azerbaijan and Uzbekistan discussed the development of cooperation in the fields of electrical engin...
Azerbaijan, Jordan intends to expand tourism cooperation
Azerbaijan intends to expand tourism cooperation with Jordan, Azernews reports. The prospects of tou...
SOCAR, TotalEnergies finalize sale of stake in Absheron project to ADNOC
SOCAR and the French oil and gas company TotalEnergies have closed a deal to each sell 15% of shares...
Baku Steel Company CJSC represented Azerbaijan at the “Tube 2024” exhibition in Germany
On April 15-19, 2024, the largest exhibition of the metallurgical industry, “Tube 2024”, took place ...
Welcome agreement between Azerbaijan and Armenia on border delimitation – Charles Michel
Warmly welcome the agreement between Armenia and Azerbaijan on the 1991 Alma Ata Declaration, Presid...
Hosting COP29 is manifestation of Azerbaijan’s diplomatic & political courage, Hikmet Hajiyev
Hosting the 29th session of the Conference of the Parties to the UN Framework Convention on Climate ...
President Ilham Aliyev’s absolute victory seals on full sovereignty of Azerbaijan’s territories
Azerbaijan continues its successful foreign policy in the international arena. As a result of its un...
Assistant to President casts light on early withdrawal of Russian peacekeepers from Azerbaijan
The top leadership of both countries adopted a decision to withdraw Russian peacekeepers from the te...
National Carpet Museum to display pile and flat-woven rugs
The National Carpet Museum invites art lovers to enjoy the exhibition “One Life Patterns”...
Azerbaijan, Jordan defence ministries clinch agreement
Defense Minister of the Republic of Azerbaijan Colonel-General Zakir Hasanov paid an official visit ...
Recent Posts
Azerbaijan: State, Geography And History In Brief
Azerbaijan is one of the world’s cradles of civilization. In Gobustan, about 70 kms south of Baku, are Petroglyphs dating back to the 12th Century BC. The area was regarded by another ancient civilization, the Roman Empire, as more ancient than their own. 14 centuries later, the area is a …
Read More »Azerbaijan in the Second World War
Ending of the war. After clearing territory of the USSR from the fascists a nature of war, which this the country conducted with Germany, has changed. The war proceeded for an implementation of policy of the Soviet empire`s chiefes directed to creation of communist modes in East Europe …
Read More »Azerbaijan Seeks New Long-Run Equilibrium Amidst Post-Devaluation Financial Turmoil
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 …
Read More »Food balance calculation in Azerbaijan: Brief methodological explanations
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 …
Read More »Post-revolutionary state building in Ukraine and Georgia
Introduction Corruption is organized, common and highly institutionalized element in post-soviet countries. In these countries both governmental officials and citizens are corrupted and give and get bribe in favor of their problems, work. Informal rules and norms are more powerful than laws and formal rules between public and private sectors, …
Read More »The Impact of Declining Oil Prices on the State Budget of The Republic of Azerbaijan Public Finance and Budgeting
The research studies the relation between oil revenues and budget structure in oil dependent country – Azerbaijan. In the paper I will analyze Norwegian, Russian model of oil revenue management. The study shows how oil prices influenced these oil-exporting countries’ economies. I will try to analyze the changes in budget …
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National Carpet Museum to display pile and flat-woven rugs
The National Carpet Museum invites art lovers to enjoy the exhibition “One Life Patterns” on …
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Shusha hosts Scientific meeting called “Shusha Summit of Cardiovascular Surgeons”
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Azerbaijan Army holds seminars on gender equality
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Muslim community is integral part of Georgian society – PM on Ramadan Bayram holiday
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ICESCO calls for investing in capacities of youth & women in developing healthcare systems
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UN adds decision on holy books to UNESCO on initiative of Turkiye
At the initiative of Turkiye, the decision of the United Nations (UN) regarding holy books …
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Certain victims’ names of terrorist attack at Crocus City Hall identified
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Enterprise Georgia launching new programme to support capital market development
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Azerbaijan, Turkiye hold talks on legal co-op issues
A meeting was held at the Constitutional Court of the Republic of Azerbaijan with the …
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Japarov ratifies agreement on Azerbaijan-Kyrgyz Development Fund
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Welcome agreement between Azerbaijan and Armenia on border delimitation – Charles Michel
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Azerbaijan, Russia discuss cooperation in field of emergency situations
As part of his visit to Moscow, Azerbaijan`s Minister of Emergency Situations, Colonel General Kamaladdin …
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Who says flowers cannot speak?
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How early can children learn to read?
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A tale of “eco” labels
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Changing concept of beauty