  Baku’s economic, political power centered in several individuals’ hands - expert May 25, 2012 - 16:16 AMT PanARMENIAN.Net - A political observer of Zerkalo daily believes oil to be the main component of Azeri economy, determining the ups and downs of the country’s GDP. As Rauf Mirkadyrov stated at Caucasus 2011 Yerevan-hosted conference, with certain a petrodollar-based reserve formed, Azeri government itself invests in the country’s economy. The situation above leads to monopolization of the economy, with major as well as medium businesses centered in the hands of several individuals,” the expert said.   Top stories Grigoryan added that the situation around the world and particularly in the region is very difficult. 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.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
