Oval Useful news from Azerbaijan and Caucasus

How to strengthen the system and not to lose customers. The process of economic reform launched in Azerbaijan has the most noticeable impact on the financial and banking sector today. In recent years, the Central Bank has influenced the quality of the banking market by a fivefold increase in the …

Falling oil prices have increased consumer interest in carbon-fuel resources. Although humanity continues to invest in the development of alternative and renewable energy sources, oil and gas will remain popular for the next twenty years. This is the main thesis of an energy survey by company BP for 2035.

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 …

Baku is the capital of the Republic of Azerbaijan. It is a large scientific, cultural and industrial center. Ancient foundations, a large area and population all make Baku one of the oldest and largest cities in the East. People have lived and founded their settlements in Baku  city  and  the  …

There are a number of holidays which are celebrated in Azerbaijan. Gurban and Ramazan are religious holidays which have not a fixed date of celebration. Gurban is the Muslim Festival of Sacrifices. It is celebrated 70 days after Orujlug (fasting). The main feature of Gurban is killing of an animal, …

Baku, the capital of Azerbaijan, has been visited by many outstanding figures of music, literature and fine arts. Some of them just visited this city, while others lived and worked here. Among those who visited Baku in the XIXth century were French writer Alexandre Dumas, père; Russian artist count Grigoriy …