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ECONOMY of AZERBAIJAN 25 Years of Independence
ECONOMY OF AZERBAIJAN 25 Years of Independence Prof. Dr. Osman Nuri Aras Fatih University, Istanbul, Turkey Assoc. Prof. Dr. Elchin Suleymanov Qafqaz University, Baku, Azerbaijan Assoc. Prof. Dr. Karim Mammadov Western University, Baku, Azerbaijan DESIGN Sahib Kazimov PRINTING AND BINDERING “Sharg-Garb” Publishing House A§iq aiesgar kiig., No: 17, Xatai rayonu, Baki, Azarbaycan; Tel: (+99412) 374 83 43 ISBN: 978-9952*468-57-1 © Prof. Dr. Osman Nuri Aras. Baki, 2016 © Assoc. Prof. Dr. Elchin Suleymanov. Baki. 2016 © Assoc. Prof. Dr. Karim Mammadov. Baki. 2016 Foreword During every work, whether it is academic or professional, we interact, get assistance and are guided by certain group of people who value and assist us to achieve our targets. We are sure that the people who support us and provide valuable contribution to the English version of this book will not be limited in a short list, but we would like to mention, and in certain ways, express our acknowledgement to the people who enabled us to get on a track and deliver the book in a few months. Thanks to Turan Agayeva, Ulker Gurbaneliyeva, Khayala Mahmudiu and especially to Tural Hasanov for their help in preparing and delivering this book to your valuable consideration. GENERAL INFORMATION ABOUT AZERBAIJAN The Establishment of the Republic of Azerbaijan 28 May 1918 The independence Day 18 October 1991 Joining to the Organization for Security and Cooperation in Europe 30 January 1992 Joining to the United Nations 2 March 1992 Joining to the Commonweaith of independent States 19 September 1995 Joining to the Council of Europe 17 January2001 Area (thousand km^) 86.6 Population, (thousand person) (According to the beginning of 2015) 9593.0 Density of population in Ikm^(person) 111 Capital Baku Official Language Azerbaijan Currency Manat The course of Manat to Dollar (07.02.2016) 0.6389 The Head of State President ___ ________________________ ____ ______ ' .L-L; r - j = r . -
An Empirical Analysis of the Black Market Exchange Rate in Iran
University of Wollongong Research Online Faculty of Commerce - Papers (Archive) Faculty of Business and Law March 2004 An Empirical Analysis of the Black Market Exchange Rate in Iran Abbas Valadkhani University of Wollongong, [email protected] Follow this and additional works at: https://ro.uow.edu.au/commpapers Part of the Business Commons, and the Social and Behavioral Sciences Commons Recommended Citation Valadkhani, Abbas: An Empirical Analysis of the Black Market Exchange Rate in Iran 2004. https://ro.uow.edu.au/commpapers/395 Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library: [email protected] An Empirical Analysis of the Black Market Exchange Rate in Iran Abstract The Iranian rial has been depreciated on average about 13 per cent per annum against the U.S dollar during the last four decades. This paper examines the long- and short-run determinants of the black market exchange rate employing the cointegration techniques and the annual time series data from 1960 to 2002. Consistent with previous studies and the monetary approach to the exchange-rate determination, it is found that the black market exchange rate is cointegrated with the relative consumer price indices in Iran and the U.S., real GDP and the relative import prices. However, in the short run only the rising relative prices and a meagre real GDP growth have been responsible for the depreciation of Iranian currency. Keywords Black market, exchange rate, Iran, Cointegration Disciplines Business | Social and Behavioral Sciences Publication Details This article was originally published as Valadkhani, A, An Empirical Analysis of the Black Market Exchange Rate in Iran, Asian-African Journal of Economics and Econometrics, 4(2), 2004, 141-52. -
Cryptoportal,Kein Grosser Schritt Für Die Menschheit
Cryptoportal „Das Cryptoportal bietet Lehrern eine Plattform, auf der sie Unterrichtsmaterialien zum Thema Informationssicherheit und Kryptologie veröffentlichen und darüber diskutieren können. Dadurch sollen gegenseitige Anregungen und Hilfen sowohl für Lehrer als auch für Lernende entstehen.“ Kein grosser Schritt für die Menschheit …aber ein großer für Burks, um mit vmware klarzukommen. Gnome läuft immer noch nicht richtig oder ich sehe es nicht (ich vermute, es gibt ein Problem mit der Grafikkarte), aber immerhin kann ich normale Ubuntu-Programme wie gedit oder auch Firefoy mittlerweile im Fenster lassen, warum auch immer. (Wenn gedit funktioniert, dann müsste doch Gnome eigentlich installiert sei?) Frage: Es wäre doch eine lustige Idee, mit vmware einen Truecrypt-Container zu erzeugen, oder? Vmware und Gnome: Cannot open display Ich habe grad Gnome für Ubuntu per Vmware installiert, komme aber nicht weiter. Gnome will nicht starten. Hat jemand eine Idee? Das hier versteh ich nicht wirklich auf Anhieb. Avatar Film Allegedly Causing Depression „I got depressed when i watch star wars. i wanted a R2D2. so what i did was plug my toaster in and talk to it, and felt better.“ (Quelle) Schutztruppen und fanatisierte mohammedanische Neger Deutsche Kulturbilder der Berliner Morgenpost November 1929 – diese „Postkarte“ ist eine Quittung der Berliner Morgenpost „über 60 Pfennig für die 48. Woche vom 14.11. bis 30.11.1929“. Nicht jeder wird wissen, in welchem historischen Zusammenhang der Begriff „Schutztruppen“ steht, den unsere mental gleichgeschalteten Medien für die alliierten Besatzertruppen – darunter die Bundeswehr – in Afghanistan benutzen. Dieses „Kulturbild“ beschäftigt sich mit Georg Schweinfurth und Gustav Nachtigal, beides so genannte „Afrika-Reisende“ bzw. -
Doing Business in Azerbaijan
Doing Business in Azerbaijan 2019 Tax and Legal kpmg.az Doing Business in Azerbaijan 2019 Tax and Legal www.kpmg.az 4 Doing Business in Azerbaijan 2019 Contents Contents 4 Foreign investment 21 Foreign investment 21 About KPMG 7 Investment promotion certificates 22 Introduction to Azerbaijan 9 Safeguards for foreign investors 22 Investment climate 9 Bilateral investment treaties 23 Living and working in Azerbaijan – useful tips 10 Licensing requirements 25 Starting a business 13 Land ownership and Overview of commercial legal entities 13 other related rights 29 Types of legal entities 13 Documents confirming rights over land 29 Representative offices and branches 13 Technology parks 31 Joint-stock company (“JSC”) 14 Foreign trade 31 - Open joint-stock companies 14 - Closed joint-stock companies 14 Banking 33 An Azerbaijani subsidiary 15 Secured transactions 35 Limited liability companies (“LLC”) 15 Litigation and arbitration 37 Additional liability companies (“ALC”) 15 Strategic road maps 41 Partnerships 15 State digital payments Cooperatives 15 expansion programme 43 - Membership of a cooperative 16 Special economic zones 45 Registration 16 Alat Free Economic Zone 46 - LLC 16 - JSC 16 Intellectual property 49 - Branches or representative offices 16 Introduction 49 De-registration of companies 17 - Stage 1 17 Legislation 49 - Stage 2 18 Trademarks 50 Registration of changes 19 Patent protection of inventions, industrial designs, and utility models 50 Copyright 51 © 2019 KPMG Azerbaijan Limited. All rights reserved. Doing Business in Azerbaijan -
Nagorno-Karabakh's
Nagorno-Karabakh’s Gathering War Clouds Europe Report N°244 | 1 June 2017 Headquarters International Crisis Group Avenue Louise 149 • 1050 Brussels, Belgium Tel: +32 2 502 90 38 • Fax: +32 2 502 50 38 [email protected] Preventing War. Shaping Peace. Table of Contents Executive Summary ................................................................................................................... i I. Introduction ..................................................................................................................... 1 II. Ongoing Risks of War ....................................................................................................... 2 A. Military Tactics .......................................................................................................... 4 B. Potential Humanitarian Implications ....................................................................... 6 III. Shifts in Public Moods and Policies ................................................................................. 8 A. Azerbaijan’s Society ................................................................................................... 8 1. Popular pressure on the government ................................................................... 8 2. A tougher stance ................................................................................................... 10 B. Armenia’s Society ....................................................................................................... 12 1. Public mobilisation and anger -
Restructuring Extractive Economies in the Caspian Basin TOO LITTLE, TOO LATE?
Restructuring Extractive Economies in the Caspian Basin TOO LITTLE, TOO LATE? PONARS Eurasia Policy Memo No. 441 September 2016 Natalie Koch1 Anar Valiyev2 Syracuse University ADA University The oil- and gas-rich states of the Caspian Sea basin—Azerbaijan, Kazakhstan, and Turkmenistan—registered phenomenal growth throughout most of the 2000s. However, the heady days of resource-fueled development now appear to be over, and local governments are suddenly struggling to overcome massive budget deficits, devalued currencies, and overall economic stagnation. What led to the current economic crisis gripping the Caspian basin states? In what ways are state planners in Azerbaijan, Kazakhstan, and Turkmenistan addressing the challenges? Although many of the reforms recently announced by these governments appear dramatic and novel, they ultimately represent little deviation from the countries’ longtime development strategies, which prioritize economic modernization without political transformation. What is Happening and Why Now? 1) A triumvirate of external shocks In addition to the dramatic drop in world energy prices over the past several years, the economic crisis gripping the Caspian littoral states is rooted in two further external shock factors: the collapse of the Russian ruble after U.S.-led sanctions were imposed in 2014, and the significant slowdown in China’s economic growth and energy demands since 2015. In the decade prior to this recent triumvirate of shocks, Eurasia had become increasingly economically integrated. In addition to the well-known labor movement and remittance networks uniting Russia and its southern neighbors, the Caspian basin states also sought to diversify their export and import markets by increasing trade with China and ramping up oil and gas sales in the east. -
Treasury Designates Iran- Based Financial Facilitators of Malicious
An official website of the United States Government U.S. DEPARTMENT OF THE TREASURY SECRETARY MNUCHIN ABOUT TREASURY POLICY ISSUES DATA SERVICES NEWS SEARCH HOME NEWS PRESS RELEASES NEWS PRESS RELEASES LATEST NEWS Press Treasury December 7, 2018 Releases OFAC Extends Designates Iran- Expiration Date of Statements General Licenses & Related to EN+, Remarks Based Financial RUSAL, and GAZ Facilitators of Readouts December 4, 2018 Postal Task Force Testimonies Malicious Cyber Activity and for Releases Report Featured Stories the First Time December 3, 2018 Remarks by Craig Press Identifies Phillips, Counselor to Contacts the Secretary, on Associated Digital Market Structure Report to President Currency Trump on Reforming America’s Healthcare System Through Addresses Choice and Competition Under Secretary Sigal November 28, 2018 Mandelker Remarks ABA/ABA Financial Crimes Enforcement WASHINGTON – The U.S. Department of the Conference December Treasury’s O!ice of Foreign Assets Control 3, 2018 (OFAC) took action today against two Iran- based individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who helped exchange digital currency (bitcoin) ransom payments into Iranian rial on behalf of Iranian malicious cyber actors involved with the SamSam ransomware scheme that targeted over 200 known victims. Also today, OFAC identified two digital currency addresses associated with these two financial facilitators. Over 7,000 transactions in bitcoin, worth millions of U.S. dollars, have processed through these two addresses - some of which involved SamSam ransomware derived bitcoin. In a related action, the U.S. Department of Justice today indicted two Iranian criminal actors for infecting numerous data networks with SamSam ransomware in the United States, United Kingdom, and Canada since 2015. -
The Sociolinguistic Situation of the Khinalug in Azerbaijan
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Khazar University Institutional Repository The Sociolinguistic Situation of the Khinalug in Azerbaijan John M. Clifton, Laura Lucht, Gabriela Deckinga, Janfer Mak, and Calvin Tiessen SIL International 2005 2 Contents Abstract 1. Background 2. Methodology 3. Results 3.1 Khinalug Locations 3.1.1 Village inventory 3.1.2 Population and ethnic mix 3.2 Cultural Factors 3.2.1 Economic activity 3.2.2 Marriage patterns 3.2.3 Education 3.2.4 Religious activity 3.2.5 Medical facilities 3.3 Domains of Language Use 3.3.1 Physical and functional domains 3.3.2 Economic activity 3.3.3 Marriage patterns 3.3.4 Education 3.3.5 Medical facilities 3.4 Language Proficiency 3.4.1 Khinalug language proficiency 3.4.2 Azerbaijani language proficiency 3.4.3 Russian language proficiency 3.4.4 Summary profile of language proficiency 3.5 Language Attitudes 4. Discussion 4.1 Khinalug and Azerbaijani within Xınalıq Village 4.2 Khinalug and Azerbaijani outside Xınalıq Village 4.3 Russian within Xınalıq Village 5. Conclusion Appendix: Comprehensive Tables Bibliography 3 Abstract This paper presents the results of sociolinguistic research conducted in August 2000 among the Khinalug people in northeastern Azerbaijan, the majority of whom live in the villages of Xınalıq and Gülüstan. The goals of the research were to investigate patterns of language use, bilingualism, and language attitudes with regard to the Khinalug, Azerbaijani, and Russian languages in the Khinalug community. Of particular interest is the stable diglossia that has developed between Khinalug and Azerbaijani. -
Exchange Rate Statistics
Exchange rate statistics Updated issue Statistical Series Deutsche Bundesbank Exchange rate statistics 2 This Statistical Series is released once a month and pub- Deutsche Bundesbank lished on the basis of Section 18 of the Bundesbank Act Wilhelm-Epstein-Straße 14 (Gesetz über die Deutsche Bundesbank). 60431 Frankfurt am Main Germany To be informed when new issues of this Statistical Series are published, subscribe to the newsletter at: Postfach 10 06 02 www.bundesbank.de/statistik-newsletter_en 60006 Frankfurt am Main Germany Compared with the regular issue, which you may subscribe to as a newsletter, this issue contains data, which have Tel.: +49 (0)69 9566 3512 been updated in the meantime. Email: www.bundesbank.de/contact Up-to-date information and time series are also available Information pursuant to Section 5 of the German Tele- online at: media Act (Telemediengesetz) can be found at: www.bundesbank.de/content/821976 www.bundesbank.de/imprint www.bundesbank.de/timeseries Reproduction permitted only if source is stated. Further statistics compiled by the Deutsche Bundesbank can also be accessed at the Bundesbank web pages. ISSN 2699–9188 A publication schedule for selected statistics can be viewed Please consult the relevant table for the date of the last on the following page: update. www.bundesbank.de/statisticalcalender Deutsche Bundesbank Exchange rate statistics 3 Contents I. Euro area and exchange rate stability convergence criterion 1. Euro area countries and irrevoc able euro conversion rates in the third stage of Economic and Monetary Union .................................................................. 7 2. Central rates and intervention rates in Exchange Rate Mechanism II ............................... 7 II. -
Countries Codes and Currencies 2020.Xlsx
World Bank Country Code Country Name WHO Region Currency Name Currency Code Income Group (2018) AFG Afghanistan EMR Low Afghanistan Afghani AFN ALB Albania EUR Upper‐middle Albanian Lek ALL DZA Algeria AFR Upper‐middle Algerian Dinar DZD AND Andorra EUR High Euro EUR AGO Angola AFR Lower‐middle Angolan Kwanza AON ATG Antigua and Barbuda AMR High Eastern Caribbean Dollar XCD ARG Argentina AMR Upper‐middle Argentine Peso ARS ARM Armenia EUR Upper‐middle Dram AMD AUS Australia WPR High Australian Dollar AUD AUT Austria EUR High Euro EUR AZE Azerbaijan EUR Upper‐middle Manat AZN BHS Bahamas AMR High Bahamian Dollar BSD BHR Bahrain EMR High Baharaini Dinar BHD BGD Bangladesh SEAR Lower‐middle Taka BDT BRB Barbados AMR High Barbados Dollar BBD BLR Belarus EUR Upper‐middle Belarusian Ruble BYN BEL Belgium EUR High Euro EUR BLZ Belize AMR Upper‐middle Belize Dollar BZD BEN Benin AFR Low CFA Franc XOF BTN Bhutan SEAR Lower‐middle Ngultrum BTN BOL Bolivia Plurinational States of AMR Lower‐middle Boliviano BOB BIH Bosnia and Herzegovina EUR Upper‐middle Convertible Mark BAM BWA Botswana AFR Upper‐middle Botswana Pula BWP BRA Brazil AMR Upper‐middle Brazilian Real BRL BRN Brunei Darussalam WPR High Brunei Dollar BND BGR Bulgaria EUR Upper‐middle Bulgarian Lev BGL BFA Burkina Faso AFR Low CFA Franc XOF BDI Burundi AFR Low Burundi Franc BIF CPV Cabo Verde Republic of AFR Lower‐middle Cape Verde Escudo CVE KHM Cambodia WPR Lower‐middle Riel KHR CMR Cameroon AFR Lower‐middle CFA Franc XAF CAN Canada AMR High Canadian Dollar CAD CAF Central African Republic -
Iran's Price Precipice
Iran’s Price Precipice Understanding the drivers behind Iran’s skyrocketing inflation and its impact on the population. EXECUTIVE SUMMARY • Findings: The official inflation rate in Iran increased from 7% in March 2018 to 42.5% in February 2019. Over the same period, the USD/IRR free-market rate increased by 170%. The situation has resulted in a colossal rise in consumer prices, heavily impacting Iranians’ purchasing power. • Explanation: While the IRR’s devaluation on the free market has certainly impacted price levels, the immediate drivers behind the rapidly increasing prices are the currency peg and the government’s mismanagement of the economic crisis. • The Economist View: The Iranian state is growing more anti-free market and increasing its intervention in the economy, thus harming its future prospects. • Living in Iran: From E-Coupons to queues in meat shops, the US’s withdrawal from the Joint Comprehensive Plan of Action (JCPOA) has directly impacted Iranians’ livelihoods. • Poverty Rate: On the back of rising consumer prices the poverty threshold for a family of four in Tehran increased by at least $44 in 2018, bringing many Iranians under the poverty line. Who are we? Castlereagh Associates is a research and analysis company, providing clients with key insights to support their decision-making and enable them to build more competitive and resilient businesses on national, regional and global levels. Copyright © 2019 Castlereagh Associates- All Rights Reserved. Credits: Copyright © Shutterstock ECONOMIC RISK SERIES NO.3 | MAY 2019 IRAN’S PRICE PRECIPICE Inflation Rate: Official Inflation Rate 45 40 35 30 25 20 15 10 5 0 Figure 1. -
Maximum Monthly Stipend Rates for Fellows And
MAXIMUM MONTHLY STIPEND RATES FOR FELLOWS AND SCHOLARS Sep 2020 COUNTRY Local Currency Local DSA MAX RES RATE MAX TRV RATE Effective % date Afghanistan Afghani 12,500 131,250 196,875 1-Aug-07 * Albania Albania Lek(e) 13,100 206,325 309,488 1-Jan-05 Algeria Algerian Dinar 31,600 331,800 497,700 1-Aug-07 * Angola Kwanza 134,000 1,407,000 2,110,500 1-Aug-07 #N/A Antigua and Barbuda (1 Apr. - 30 Nov.) E.C. Dollar #N/A #N/A #N/A 1-Aug-07 #N/A Antigua and Barbuda (1 Dec. - 31 Mar.) E.C. Dollar #N/A #N/A #N/A 1-Aug-07 * Argentina Argentine Peso 19,700 162,525 243,788 1-Jan-05 Australia AUL Dollar 453 4,757 7,135 1-Aug-07 Australia - Academic AUL Dollar 453 1,200 7,135 1-Aug-07 Austria Euro 261 2,741 4,111 1-Aug-07 Azerbaijan (new)Azerbaijan Manat 239 1,613 2,420 1-Jan-05 Bahrain Bahraini Dinar 106 2,226 3,180 1-Jan-05 Bahrain - Academic Bahraini Dinar 106 1,113 1,670 1-Aug-07 Bangladesh Bangladesh Taka 12,400 130,200 195,300 1-Aug-07 Barbados Barbados Dollar 880 9,240 13,860 1-Aug-07 Barbados Barbados Dollar 880 9,240 13,860 1-Aug-07 * Belarus New Belarusian Ruble 680 6,630 9,945 1-Jan-06 Belgium Euro 338 3,549 5,324 1-Aug-07 Benin CFA Franc(XOF) 123,000 1,291,500 1,937,250 1-Aug-07 Bhutan Bhutan Ngultrum 7,290 76,545 114,818 1-Aug-07 Bolivia Boliviano 1,180 10,620 15,930 1-Jan-07 * Bosnia and Herzegovina Convertible Mark 264 3,366 5,049 1-Jan-05 Botswana Botswana Pula 2,220 23,310 34,965 1-Aug-07 Brazil Brazilian Real 530 4,373 6,559 1-Jan-05 British Virgin Islands (16 Apr.