Oval Useful news from Azerbaijan and Caucasus

Azerbaijan is the oldest known oil-­‐producing region in the world and lays claim to being the birthplace of the oil industry. There is evidence of petroleum being used in trade as early as the third and fourth centuries, with references to the production of oil on the Absheron peninsula appearing …

March 31 is marked as the Day of Genocide of the Azerbaijanis. After the Republic of Azerbaijan regained its independence, it has become possible to renew the objective picture of the past history of Azerbaijani people. The truth, which for many years was kept back, is getting disclosed and misinterpreted …

Samsung Galaxy S7: Full Specifications Samsung Galaxy S7 will have the most advanced specification and features. Let’s take a brief look on what are the specifications of Galaxy S7. Now both Galaxy S7 and Galaxy S7 Edge Smartphone are launched. Let’s check out complete specs of Samsung’s latest flagship. Model …

The drop in the value of the manat is creating fresh opportunities for the private sector in that it is preventing a drastic rise in prices. A two-fold devaluation of the manat in 2015 has undoubtedly made a ne-gative impact on household incomes and consumer prices.

rb Expansion of housing construction stimulates activity in many related industries. Housing construction is going to become an important industry in the coming years, which will allow the Azerbaijani government to solve many social and economic issues.

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 government intends to support cotton-producers with soft loans and increased technical support. Once well-developed, in recent years cotton-growing has become an outsider within Azerbaijani agriculture. Loss of interest from farmers and omnipresent reduction in the area under cultivation are due to processing plants’ low