Armenia and Azerbaijan Are Ranked 52Nd and 73Rd on the University of Notre Dame Global Adaptation Initiative (ND-GAIN) Climate Change Readiness Index (ND-GAIN 2020)
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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 . -
In-Depth Review of the Investment Climate and Market Structure in the Energy Sector of the REPUBLIC of ARMENIA
In-depth review of the investment climate and market structure in the energy sector of THE REPUBLIC OF ARMENIA ENERGY CHARTER SECRETATIAT 22 January 2015 In-depth review of the investment climate and market structure in the energy sector of THE REPUBLIC OF ARMENIA ENERGY CHARTER SECRETATIAT 22 January 2015 About the Energy Charter The Energy Charter Secretariat is the permanent office based in Brussels supporting the Energy Charter Conference in the implementation of the Energy Charter Treaty. The Energy Charter Treaty and the Energy Charter Protocol on Energy Efficiency and Related Environmental Aspects were signed in December 1994 and entered into legal force in April 1998. To date, the Treaty has been signed or acceded to by fifty-two states, the European Community and Euratom (the total number of its members is therefore fifty-four). The fundamental aim of the Energy Charter Treaty is to strengthen the rule of law on energy issues, by creating a level playing field of rules to be observed by all participating governments, thereby mitigating risks associated with energy-related investment and trade. In a world of increasing interdependence between net exporters of energy and net importers, it is widely recognised that multilateral rules can provide a more balanced and efficient framework for international cooperation than is offered by bilateral agreements alone or by non-legislative instruments. The Energy Charter Treaty therefore plays an important role as part of an international effort to build a legal foundation for energy security, based on the principles of open, competitive markets and sustainable development. The Treaty was developed on the basis of the 1991 Energy Charter. -
Azerbaijan English
AZERBAIJAN AM005-X 1 EBRD BOARD of GOVERNORS’ 30th Annual Meeting July 1, 2021 Written Statement by Mr. Mikayil Jabbarov, Minister of Economy, EBRD Governor for the Republic of Azerbaijan Your Excellency Mr. Chairman, Honourable Ms. President, Fellow Governors, Distinguished Guests, Ladies and Gentlemen, I would like to sincerely thank the European Bank for Reconstruction and Development (EBRD) for the organization of the virtual 30th Annual Meeting of the Board of Governors of the Bank. Let me take this opportunity to congratulate the EBRD on its 30th anniversary and call your attention to another anniversary, later this year. Republic of Azerbaijan marks 30 years since the country gained its independence after collapse of the Soviet Union. Our success in transition towards a market economy is also the EBRD’s success as we have strong and lasting partnership over 29 years. The EBRD has so far invested 3.1 billion EUR through 177 projects in the country. The value of the current portfolio of projects supported by the EBRD in Azerbaijan is more than 1.15 billion EUR. In Azerbaijan, the EBRD helps small and medium-sized businesses grow and succeed through its network of experts. It provides business advice to local small and medium-sized enterprises and has helped more than 1,000 firms to improve their performance and growth. Furthermore, we are currently exploring the prospects of cooperation for the development of trade, SMEs and SOEs. We believe that the Memorandum of Understanding on cooperation between Entrepreneurship Development Fund under the Ministry of Economy and EBRD soon to be signed attests to our mutual intent and commitment towards reinforcing our collaboration. -
Turkey-Azerbaijan Energy Relations: a Political and Economic Analysis
International Journal of Energy Economics and Policy Vol. 5, No. 1, 2015, pp.27-44 ISSN: 2146-4553 www.econjournals.com Turkey-Azerbaijan Energy Relations: A Political and Economic Analysis Cagla Gul YESEVI Faculty of Economics and Administrative Sciences, Istanbul Kültür University, Istanbul, Turkey. Email: [email protected] Burcu Yavuz TIFTIKCIGIL Faculty of Economics, Administrative and Social Sciences, Gedik University, Istanbul, Turkey. Email: [email protected] ABSTRACT: It is now widely recognized that Turkey-Azerbaijan relations have always been strong and described with the phrase "one nation with two states”. This paper is concerned with economic and political nature of Turkey-Azerbaijan relations. Initially, the evolution of Turkish- Azerbaijani relations after the independence of Azerbaijan has been examined. This paper gives an overview of the impacts of Nagorno-Karabagh issue and efforts to normalize the relations between Turkey and Armenia on relations between Turkey and Azerbaijan. Energy has a special place in the relationship between the two countries. Azerbaijan’s economy, energy sectors of Azerbaijan and Turkey has been assessed. Moreover, this paper gives a comparative analysis on economic relationship between Turkey and Azerbaijan. This study finally discusses the main trends and contributions of energy projects on Turkey-Azerbaijan relations. Keywords: Turkey; Azerbaijan; Politics; Economy; Energy JEL Classifications: O57; Q41; Q43; Q48 1. Introduction Turkey has distanced itself from the Turkic people of Soviet Union, with whom it has ethnic and language affiliations, since its establishment. The primary aim was determined as the prevention of the spread of communism within the country and Turanist movements were not supported. -
The Prospects for Wine Tourism As a Tool for Rural Development in Armenia – the Case of Vayots Dzor Marz1
The Prospetcs for Wine Tourism as a Tool for ... _________________________________________________________________________ Прегледни рад Економика пољопривреде Број 4/2011. УДК: 338.48-6:642(470.62/.67) THE PROSPECTS FOR WINE TOURISM AS A TOOL FOR RURAL DEVELOPMENT IN ARMENIA – THE CASE OF VAYOTS DZOR MARZ1 A. Harutjunjan2, Margaret Loseby3 Abstract. The paper examines the prospective role which wine tourism could play in the rural and in the much needed overall economic development of Armenia. It begins with a brief description of the antique origin and the present economic situation of the wine sector in Armenia, followed by a description of recent trends in the tourist sector as a whole in Armenia. The particular features of wine tourism are examined in relation to Armenia and to other wine producing countries. Attention is then concentrated on a specific region of Armenia, Vayots Dzor, which is particularly important for wine production, and is also endowed with historical monuments with great potential for the development of tourism. The case of one particular village is illustrated in some detail in order to indicate how tourism in general, and specifically wine tourism could be developed for the benefit of the rural community. The paper concludes by outlining a strategy to be followed to achieve the growth of the sector. Key words: Wine industry, tourism, cultural heritage, rural development, wine tourism 1. Introduction Grape cultivation is believed to have originated in Armenia near the Caspian Sea, from where it seems to have spread westward to Europe and Eastward to Iran and Afghanistan (Economic and Social Commission for Asia and the Pacific 1999). -
Country Profile – Azerbaijan
Country profile – Azerbaijan Version 2008 Recommended citation: FAO. 2008. AQUASTAT Country Profile – Azerbaijan. Food and Agriculture Organization of the United Nations (FAO). Rome, Italy The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The mention of specific companies or products of manufacturers, whether or not these have been patented, does not imply that these have been endorsed or recommended by FAO in preference to others of a similar nature that are not mentioned. The views expressed in this information product are those of the author(s) and do not necessarily reflect the views or policies of FAO. FAO encourages the use, reproduction and dissemination of material in this information product. Except where otherwise indicated, material may be copied, downloaded and printed for private study, research and teaching purposes, or for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO’s endorsement of users’ views, products or services is not implied in any way. All requests for translation and adaptation rights, and for resale and other commercial use rights should be made via www.fao.org/contact-us/licencerequest or addressed to [email protected]. FAO information products are available on the FAO website (www.fao.org/ publications) and can be purchased through [email protected]. -
The Impact of the Armenian-Azerbaijani Nagorno-Karabakh Conflict on the Economic Growth of Transcaucasia
ZN WSH Zarządzanie 2020 (4), s. 137-150 Studium przypadku Case study Data wplywu/Received: 15.06.2020 Data recenzji/Accepted: 14.07.2020/17.07.2020 Data publikacji/Published: 31.12.2020 Źródła finansowania publikacji: środki własne DOI: Authors› Contribution: Study Design (projekt badania) Data Collection (zbieranie danych) Statistical Analysis (analiza statystyczna) Data Interpretation (interpretacja danych) Manuscript Preparation (redagowanie opracowania) Literature Search (badania literaturowe) Farman Yusubau, Ph.D. A B C D E F Yanka Kupala state University of Grodno, Belarus ORCID 0000-0001-6165-6757 THE IMPACT OF THE ARMENIAN-AZERBAIJANI NAGORNO-KARABAKH CONFLICT ON THE ECONOMIC GROWTH OF TRANSCAUCASIA WPŁYW KONFLIKTU ARMEŃSKO- -AZERBERDŻAŃSKIEGO W GÓRSKIM KARABACHU NA WZROST GOSPODARCZY ZAKAUKAZIA Abstract: The article deals with the frozen conflict between two sovereign States in Trans- caucasia: Armenia and Azerbaijan, which can be undermined at any time due to unresolved issues, and destroy the economy not only in the region. The purpose of the article is to elimi- 138 Zeszyty Naukowe Wyższej Szkoły Humanitas. Zarządzanie nate this conflict with possible instruments aimed at eternal peace and ensuring economic security in the region. During the research, the author used methods such as analysis, syn- thesis, comparison, grouping, etc. The history and causes of this conflict have been studied. In the result of the analysis, it is concluded that the influence of the Armenian-Azerbaijani Nagorno-Karabakh conflict, today, in frozen form, has a negative impact, primarily on Azerbaijan’s economy since occupied over 20 percent of its territory, and, as a result of oc- cupation, destroyed towns, the entire infrastructure, and there was more than one million Azerbaijanis refugees. -
World Bank Document
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized RECENT ECONOMIC AND The 12-month food price index was 6.1 percent in SECTORAL December 2011, as compared to 15.2 percent a year ago. The food prices, however, continued being the DEVELOPMENTS major driver for inflation, contributing around 2.9 percentage points to the overall price increase. Price Growth Performance environment remained favorable over the first two months of 2012, with 0.9 percent of monthly The economy has continued to recover in 2011, deflation in February, which brought 12-month led by the mining and agriculture sectors. inflation down to 3.0 percent, as compared to 11.8 Economic growth (in year-on-year terms) picked percent in the same period a year before. up gradually from 2.1 percent in 2010 to 4.6 percent in 2011. Industry contributed more than Figure 2: Inflation returned to the target band half of the economic growth driven mainly by the (Actual inflation and the target bounds, %) mining sector and, to a lesser extent, agro- 14 industries. The industrial output surpassed the level of December 2008 (in the pre crisis period) by 17.5 12 percent. Agriculture also contributed 8.1 10 percentage points to the growth in the third 8 quarter. Continuing contraction in the construction 6 sector, however, partly offset these achievements. 4 2 Figure 1: Economic growth and sectoral 0 contributions 08 09 10 11 12 08 09 11 10 08 10 11 09 09 10 11 08 - - - - - - - - - - - - - - - - (Share in GDP and real GDP growth, %) - Jul Jul Jul Jul Jan Jan Jan Jan Jan Oct Oct Oct Oct Apr Apr Apr Apr 20 20.0 Lower bound (2.5%) Upper bound (5.5 %) CPI YoY 15 15.0 10 10.0 5 5.0 0 0.0 Improving the inflation outlook allowed -5 -5.0 -10 -10.0 loosening monetary policy. -
Azerbaijan Frameworks: Geopolitical and Socio-Economic Considerations
Geopolitical, Social Security and Freedom Journal, Volume 1 Issue 2, 2018 Azerbaijan frameworks: geopolitical and socio-economic considerations Nicoletta Varani Ph D, Full professor of Geography, Department of Education [DISFOR], University of Genoa, email: [email protected] Doi: 10.2478/gssfj-2018-0013 Abstract The contribution intends to present a framework as updated as possible on Azerbaijan, a country of which we are hearing more and more but not very well known and known to most, trying to provide an overview of what Azerbaijan is today, paying particular attention to the history of this interesting country in order to understand what it is today and even more what is the path taken for its future development. Therefore, some areas and aspects of the country have been identified, which will be, to follow, argued. Starting from the entirely geographical aspects to the more socio-cultural, then moving on to international relations and geopolitics and finally to the economic aspects. Keywords: Azerbaijan, geopolitics, tourism 1. Geo-social introduction Azerbaijan is the easternmost and largest (86,000 sq. km) country in the South Caucasus region; 800 km of coastline is on the Caspian Sea. More than 50% of the Azerbaijani territory is mountainous, and the morphological variety gives the country its own climatic, naturalistic and landscape peculiarities: nine of the eleven climate zones in Azerbaijan are located worldwide (Figure 1). In addition to this wealth of climate is a considerable wealth of minerals, represented by reserves of oil and natural gas. The socio-cultural aspects are defined in relation to the languages spoken on the territory: Azerbaijani (official language) 92.5%, Russian 1.4%, Armenian 1.4% and other 4.7%. -
Azerbaijan Assessment of Economic & Export Diversification
ASSESSMENT OF ECONOMIC AND EXPORT DIVERSIFICATION AZERBAIJAN ASSESSMENT OF ECONOMIC AND EXPORT DIVERSIFICATION AZERBAIJAN This report has been prepared in the frame of ƚŚĞƉƌŽũĞĐƚƐďLJWƵďůŝĐƐƐŽĐŝĂƟŽŶĨŽƌƐƐŝƐƚĂŶĐĞ to Free Economy “Assessment of Economic ĂŶĚdžƉŽƌƚŝǀĞƌƐŝĮĐĂƟŽŶŝŶnjĞƌďĂŝũĂŶ ĂŶĚ<ĂnjĂŬŚƐƚĂŶ͟;Zt/ͿĂŶĚ^ƵƉƉŽƌƚĨŽƌ ĐŽŶŽŵŝĐ/ŶŝƟĂƟǀĞWƵďůŝĐhŶŝŽŶ͞ƐƐĞƐƐŵĞŶƚ ŽĨĐŽŶŽŵŝĐĂŶĚdžƉŽƌƚŝǀĞƌƐŝĮĐĂƟŽŶ KƉƉŽƌƚƵŶŝƚLJŝŶnjĞƌďĂŝũĂŶ͟;K^/&Ϳ Authors: Kanan Aslanli Zohrab Ismayil Rovshan Aghayev njĞƌDĞŚƟLJĞǀ Edited: &dƌĂŶƐůĂƟŽŶ>>^ &ƵŶĚĞĚďLJZĞǀĞŶƵĞtĂƚĐŚ/ŶƐƟƚƵƚĞ ΞWƵďůŝĐƐƐŽĐŝĂƟŽŶĨŽƌƐƐŝƐƚĂŶĐĞ to Free Economy, 2013 www.freeeconomy.az Cover photo belongs to www.bp.com CONTENTS Abbreviations ................................................................................................................................3 Summary .......................................................................................................................................5 1. Introduction (Key Concepts and Methodology) ................................................................10 2. Macroeconomic Environment ...............................................................................................13 řǯȱȱȱ¡ȱęȱ¢ ......................................................................22 řǯŗǯȱȱȱȱȱȱ¡ȱę ........................................22 řǯŘǯȱȱęȱȱȱ...................................................22 řǯřǯȱ ȱȱĜȱȱȱȱȱ ȱȱȱȱȱȱȱ¡ȱę ..........................................................................................................27 řǯŚǯȱ ȱȱȱȱȱę ............................................................29 -
CLR Review Independent Evaluation Group
CLR Review Independent Evaluation Group 1. CAS/CPS Data Country: Armenia CAS/CPS Year: FY14 CAS/CPS Period: FY14 – FY17 CLR Period: FY14 – FY18 Date of this review: March 18, 2019 2. Ratings CLR Rating IEG Rating Development Outcome: Moderately Satisfactory Moderately Satisfactory World Bank Group Performance: Good Good 3. Executive Summary i. Armenia is a lower middle-income country with a GNI per capita of $3,990 in 2017. It is a small and landlocked economy with borders closed with Azerbaijan and Turkey as a result of the unsettled Nagorno-Karabakh conflict1. It faces significant trading costs while trade accounts for 75.7 percent of GDP (2016). As a result of the 2014/15 Russian crisis and the slump in metal export prices through 2016, Armenia’s annual GDP growth declined from 4.3 percent during 2009- 13 to 3.6 percent during 2014-17, even though this growth reflects a sharp rebound to 7.5 percent in 2017. Slower growth and increased unemployment slowed progress in poverty reduction. Unemployment increased from 16.2 percent in 2013 to 18.3 percent in 2015, where it remained through 2017. After declining from 35.8 percent in 2010 to 30.0 percent in 2014, the headcount poverty ratio changed little through 2016. Income inequality (the Gini coefficient) also changed little, from 31.5 in 2013 to 32.5 in 2016. During the CPS period, broader measures in social conditions improved slightly. Armenia’s Human Development Index improved from 0.729 in 2010 (76th among 169 countries) to 0.755 in 2017 (83th among 189 countries). -
The Socio-Economic Impact of Climate Change in Armenia
The Socio-Economic Impact of Climate Change in Armenia "Climate Change Impact Assessment" Project Yerevan 2009 The Socio-Economic Impact of Climate Change in Armenia Yerevan 2009 Authors: Elizabeth A. Stanton, Frank Ackerman, Flávia Resende, Stockholm Environment Institute – U.S. Center Tufts University, 11 Curtis Avenue Somerville, MA 02144, www.sei-us.org Reviewers: Anil Markandya, Basque Center for Climate Change, Seth Landau, Consultant Project Title: Climate Change Impact Assessment, UNDP/00049248 Implementing Agency: UNDP Armenia Implementing Partner: Ministry of Nature Protection of the Republic of Armenia UNDP Support: Keti Chachibaia, Regional Technical Advisor for Adaptation, Anna Kaplina, Programme Analyst, Bratislava UNDP Regional Centre for Europe and CIS Diana Harutyunyan, Climate Change Projects Manager, Vahagn Tonoyan, Task Leader, Climate Change Impact Assessment Project, UNDP Armenia Contributions: Cornelia Herzfeld, Ramón Bueno, and Adam Knoff at SEI-U.S, Mikhail Vermishev, Artem Kharazyan, Alvina Avagyan, Gagik Manucharyan, Anahit Hovsepyan, Hamlet Melkonyan, Levon Sahakyan, Ara Keshishyan, Armen Gevorgyan, Armen Nalbandyan, Benyamin Zakaryan, Boris Mnatsakanyan, Levon Chilingaryan, Georgi Fayvush, Lyonik Khachatryan, Rudik Nazaryan, Tigran Sadoyan and Hunan Ghazaryan, National Experts on Climate Change at UNDP Armenia Acknowledgement: This report, initiated by Mrs. Consuelo Vidal, Resident Representative of UNDP Armenia, is a product of cooperation and commitment of an extensive group of local and international consultants