 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 |  Latest news Moody's upgrades IDBank's rating  Moody's has upgraded ID Bank CJSC's (IDBank) long-term local and foreign currency bank deposit ratings to Ba3 from B1.U.S. “very clear” with Azerbaijan: “It’s time to make peace with Armenia” James O'Brien has said that the United States is “very clear” with Azerbaijani that it is a time to make peace with Armenia.PACE adopts resolution on Armenia's commitment to reforms PACE welcomed the electoral reforms implemented by Armenia in accordance with the recommendations of the Venice Commission.Armenia, Germany discuss ties, South Caucasus peace process Armenian lawmakers met with the Minister of State at the Federal Foreign Office of Germany, Tobias Lindner. |
