THE AZERBAIJAN ECONOMICS IS INCLINED TO SHOCKSJune 19, 2001 - 22:06 AMT PanARMENIAN.Net - . "The situation in Azerbaijan, where more than 90% of export during the first quarter of 2001, was due to oil and oil products, can be named dangerous", Dmitri Sorokin, the head of the center of political-economic studies of Russia, Doctor of Economy Sciences, thinks. It was informed by the Caspian information agency. According to the scientist, " oil is not a reliable source of income as its price constantly changes". The danger of depending on a "monoproduct" the economist confirmed with the example of Cuba, where 95% of currency income is due to sugar. The minimal fluctuation of the price of that product "shakes" the economy of the country. Top stories The Armenian Defense Ministry has denied Azerbaijan's accusations of violating the ceasefire. Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. Partner news | Viva: Armenia's leading technology company introduces a new trademark The updated brand Viva reflects a qualitatively new level of digital services. Turkey restoring 500-year-old Surp Sarkis Armenian Church During the program, Sahak Maşalyan, the Patriarch of Türkiye's Armenians, inspected the historic church and offered prayers. Cumulative deposit on flexible terms: Byblos Bank Armenia's new offer Once the deposit is fixed, it can be topped up at any time, and interest will be accrued quarterly. Armenia win 3 gold medals at European Junior Boxing Championships Armenia has three world champions after the European Junior Boxing Championships held in Sarajevo over the past week. |