Maybe these Very Unfavorable Economic Tendencies Instigate Aliyev Sharpen the Situation in Karabakh: Emil Danielyan

Emil Danielyan (“Azatutyun” radio) made a Facebook post, where he analyzes Azerbaijan’s current economic condition,

“In fact, Azerbaijan’s oil and gas incomes this year will comprise about USD 5 billion. During the “precious” years it comprised USD 15-20 per year, followed by the fall in price for oil. In the forthcoming years they’ll hardly record a serious growth, even if price for oil rises a bit. According to OPEC anticipations, physical volume of Azerbaijani oil production will reduce by more 17% until 2020. Throughout last 2 years Azerbaijani Central Bank reserves of exchange rate have reduced from USD 15 billion to USD 4 billion. Not counted about USD 33 billion in their state fund. However, this money seems to be intensively wasted for the maintenance of manat exchange rate. Maybe this very unfavorable economic tendencies instigate Azerbaijan sharpen the situation in Karabakh.

Note, report.az released a report, which reads that Azerbaijani state oil fund obtained USD 1.538 billion for the period of January-April 2016.