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.
Geoteam CJSC is the Lydia International Daughter Company listed in Toronto stock exchange. It was founded in 2005, and as a result of wide-scale explorations Amulsar has been found, which presently is the latter’s primary project.
“It’s a complicated topic, and I wouldn’t like to politicize it, it’s an economic issue for producers as well. Whether we want or not, Turkey is the biggest and flexible raw cotton supplier in the region, which we can’t ignore. “
It was also noted, that unleashed war condition in Artsakh totally suspends the issue of providing gas to Europe through Turkey, and Azerbaijan, as a serious actor in the field of gas, is excluded. At the same time, it was stated that gas volumes of the region aren’t sufficient to settle issues of European gas supply. Thus, it may be concluded, that era of Azerbaijani gas export is over. And this is going to be a serious blow to the future of Azerbaijan’s economy.
Generally, boycott out of political reasons isn’t a good thing. And tough banning is not correct. One shouldn’t be banned to buy a product of any country or having a vacation by law. Or even if it’s done, the citizen should be somehow compensated for that.
Undoubtedly, in case of resumption of wide-scale military operations, the society will mobilize not only manpower, but financial resources as well. And before that, many prefer to wait. As one of the officials stated that we don’t face issues regarding financial resources to purchase armaments, and the other adds, if necessary, he’ll sell one of his properties and will transfer the money to Artsakh, however, there is no need yet. So, it’s not excluded that 10 million Armenians are waiting for the generosity of a dozens of individuals.
The cement produced via out-of-date technologies was no more competitive in the market, and the owner has “exhausted” the plant as much as possible, and it went bankrupt. Just the same way like Baghdasarov’s other enterprises. However, businessman Mikhail Baghdasarov is a single character in our economy.
While considering not the transferred amount, but the number of transferers, the difference becomes more than obvious. 4814 individuals and organizations transferred money to NKR special account as of April 26, and 4179 (87%) from them are in Armenian dram. Accordingly, Armenia’s participation in the process is much more.
“Gazprom Armenia” requests the gas tariffs to be reduced to 146,000 AMD for 1000 cubic meters from the current 156,000 AMD.
It’s not a secret that throughout the four-day war, when the topic of unmanned aerial vehicles (UAV) was being circulated, some stated that UAVs produced in Armenia are supplied to Singapore. Based on customs data, export volume from Armenia to Singapore in 2015 comprises ony USD 400.7 thousand.
