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Economic Development In Azerbaijan
The economy of Azerbaijan has gone through different stages of rapid growth, stability, and crisis. In general, economy of Azerbaijan, besides field-wise classification, can be divided into three categories: ''1. recession'' period, covering 1992–1995, right after Azerbaijan restored its independence after the USSR collapsed, ''2. recovery'', from 1996 to 1997, mainly because of increased oil sales, potential oil contracts, partners, and pipelines, ''3. boom'', from 1998 till 2008, and finally, an economic ''fall'', starting from 2009. General After Azerbaijan became independent following the collapse of the Soviet Union, the country started to pursue its sovereign economic policy. For a newly independent country with the economy mainly based on oil and gas industry, it was quite demanding to keep its say in the world of economy giants. The key objectives of the new and independent economic policy were establishment of the economic system built on the principles of several types ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia (Republic of Dagestan) to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The Azerbaijan Democratic Republic proclaimed its independence from the Transcaucasian Democratic Federative Republic in 1918 and became the first secular democratic Muslim-majority state. In 1920, the country was incorporated into the Soviet Union as the Azerbaijan SSR. The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the Soviet Union in the same year. In September 1991, the ethnic Armenian majority of the Nagorno-Karabakh region formed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heydar Aliyev
Heydar Alirza oghlu Aliyev ( az, Һејдәр Әлирза оғлу Әлијев, italic=no, Heydər Əlirza oğlu Əliyev, ; , ; 10 May 1923 – 12 December 2003) was a Soviet and Azerbaijani politician who served as the third president of Azerbaijan from October 1993 to October 2003. Originally a high-ranking official in the KGB of the Azerbaijan SSR, serving for 28 years in Soviet state security organs (1941–1969), he led Soviet Azerbaijan from 1969 to 1982 and held the post of First Deputy Premier of the Soviet Union from 1982 to 1987. Aliyev became president of independent Azerbaijan while the country was on the brink of civil war and suffering serious losses in the First Nagorno-Karabakh War with neighboring Armenia. Aliyev's supporters credit him with restoring stability to Azerbaijan and turning the country into a major international energy producer. His regime in Azerbaijan has been described as dictatorial,''Hans Slomp''. Europe, A Political Profile: An American Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing In Azerbaijan
Housing in Azerbaijan is characterized by high rates of private housing ownership. Construction in housing industry started to improve in the late 1990s, as the result of the Presidential decree (1997), which eliminated the state monopoly of the construction sector. Types of housing Two types of residence are predominant in Azerbaijan: the single-family detached home and multi-family residential. Additional kinds of housing include dormitories, communal apartments, and summerhouses. Housing stock of Azerbaijan is divided into 2 groups as existing and recently built. Existing houses are also classified by the period of their construction: * ''Housing properties built prior 1920s'' – they are situated mostly in the historical parts of cities. This type of estates requires reconstruction and renovation in order to meet present-day housing standards; * ''Housing properties constructed before World War 2'' – in 1920-1940 – they are situated mostly in rural areas. Kitchens and ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Economic Development (Azerbaijan)
The Ministry of Economy of Azerbaijan Republic ( az, Azərbaycan Respublikası İqtisadiyyat Nazirliyi) is the central executive body responsible for implementing state policy and regulation in the following areas: formulating economic policy of Azerbaijan, producing macroeconomic projections, creating a favorable environment for economic development and growth, encouraging investment activity, developing entrepreneurship and industry, regulating the licensing and permit system, protecting, developing and encouraging competition, protecting the rights of consumers, implementing state procurement policy, ensuring full and timely introduction of taxes and other mandatory payments relating to the authority of the Ministry, in the state budget, management of government assets, privatization, establishing state land management system, conducting state registration and single state cadastre of immovable property. History In 1918–1920, the first Ministry of Commerce and Industry of i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Azerbaijan
The Central Bank of Azerbaijan (CBA, az, Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku. The National Bank of the Republic of Azerbaijan was established by Decree of President of the Republic of Azerbaijan on Establishment of the National Bank of the Republic of Azerbaijan dated 11 February 1992. The National Bank of the Republic of Azerbaijan was renamed to “The Central Bank of the Republic of Azerbaijan” upon enactment of the Referendum Act of the Republic of Azerbaijan on “Making additions and amendments to the Constitution of the Republic of Azerbaijan” dated 18 March 2009. The status, goals, functions and authorities, as well as management and organizational structure of the Central Bank of the Republic of Azerbaijan, relations with public authorities and other persons as the central bank of the state, are determined by the Law of the Republic of Azerbaijan “On the Centra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Azerbaijan
The Central Bank of Azerbaijan (CBA, az, Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku. The National Bank of the Republic of Azerbaijan was established by Decree of President of the Republic of Azerbaijan on Establishment of the National Bank of the Republic of Azerbaijan dated 11 February 1992. The National Bank of the Republic of Azerbaijan was renamed to “The Central Bank of the Republic of Azerbaijan” upon enactment of the Referendum Act of the Republic of Azerbaijan on “Making additions and amendments to the Constitution of the Republic of Azerbaijan” dated 18 March 2009. The status, goals, functions and authorities, as well as management and organizational structure of the Central Bank of the Republic of Azerbaijan, relations with public authorities and other persons as the central bank of the state, are determined by the Law of the Republic of Azerbaijan “On the Cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulustan Palace
Gulustan Palace ( az, Gülüstan sarayı), formerly known as Gulustan Wedding Palace Complex during the Soviet era is the main state convention center of the Azerbaijani government. It is located on Baku's highland, on Istiglaliyyat Street overlooking the whole city of Baku and Baku Bay. The palace serves as an official facility for governmental and non-governmental organizations holding various types of formal events. It is notable for having hosted important events such as significant oil and gas contracts, international and state conferences. History The Gulustan Palace began the process of construction in 1970 at the initiative of First Secretary Heydar Aliyev and the oversight of chief city architect Alish Lambaranski. It was also designed by H. Amirkhanov, N. Hajibeyov, T. Sharinski, F. Rustamova, N. İsmayilov, K. Kerimov and Abbas Alasgarov. It was opened in 1980 and renovated in 1998. In 1982, the architects of the building received the State Award of the Azerbaijan SS ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijani Manat
The manat ( ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 ''gapiks''. The first iteration of the currency happened in the times of the Azerbaijan Democratic Republic and its successor, the Azerbaijan Soviet Socialist Republic, with the issues happening in 1919–1923. The currency underwent hyperinflation, and was eventually substituted by the Transcaucasian rouble, which, in its turn, was converted to the Soviet ruble. In Soviet times, the common currency of the USSR was known as manat in the Azeri language. When Azerbaijan gained independence from the Soviet Union, it substituted the Soviet ruble with the manat, which also went through a period of high inflation in the first years, rendering the coinage obsolete. The current manat in circulation exists since the denomination in 2006, when 5,000 old manat (AZM) were substituted with the new currency. The currency has mostly been pegged to the US dollar, at what is now the ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shah Deniz Gas Field
Shah Deniz gas field ( az, Şahdəniz) is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately southeast of Baku, at a depth of . The field covers approximately . Stretching out over 140 square kilometres, the reservoir is similar in size and shape to Manhattan Island. It is considered to be a founding link for the Southern Gas Corridor, aiming to bring additional and alternative natural gas volumes to EU member countries. History The Agreement on “the Exploration, Development, and Production Sharing (PSA)” for Shah Deniz area was signed between SOCAR and some oil companies of foreign countries on June 4, 1996. Azerbaijani Parliament confirmed the document of “the Exploration, Development, and Production Sharing (PSA)” on October 4, 1996. The Shah Deniz gas and condensate field was discovered in 1999. “An Intergovernmental” Agreement and a “Sale and Purchase” Agreement were signed by de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contract Of The Century
The petroleum industry in Azerbaijan produces about of oil per day and 29 billion cubic meters of gas per year as of 2013. Azerbaijan is one of the birthplaces of the oil industry. The State Oil Company of Azerbaijan Republic (known as SOCAR) is fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. SOCAR is a major source of income for the government of Azerbaijan. The company is run in an opaque manner, as it has complex webs of contracts and middlemen that non-government watchdog organizations say have led to the enrichment of the country's ruling elites. First oil boom In 1871, Ivan Mirzoev, an ethnic Armenians, Armenian who was then an ''otkupchina'' monopolist, built the first wooden oil derrick followed by another the next year. Drilling was conducted primitively with a balance arm, whim and manual pump. Early history There is evidence of petroleum being used in trade as early as the 3rd and 4th centuries. Information on the production o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
