Business & Economics

Azerbaijan: For Austria Azerbaijan is the Most Important Trading Partner in the Southern Caucasus Region

An Interview with Mr Reinhold Mitterlehner, Minister for Economic Affairs and labour of the Austria.  By Rovshan Pashazadeh  AT: The diplomatic relations between Austria and Azerbaijan do not cover a very long period of time. But despite that, the foundations

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One of the Most Important Environmental Projects Carried out By SOCAR is the Ecological Park

Azerbaijan Today magazine interviews Vice-President of the State Oil Company of Azerbaijan Rafiqa Huseynzada. AT: SOCAR has been taking a serious approach to the solution of environmental problems in the recent period. In general, we would like you to share

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We are a Proud Partner in Azerbaijan’s Two World Class Offshore Fields in the Caspian Sea

Exclusive interview with Helge Lund of Statoil President and CEO By Rovshan Pashzadeh AT: Mr. Helge Lund, in June this year HRH Crown Prince Haakon visited Azerbaijan and was received by President Ilham Aliyev. What is your assessment of the

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Vadim Sorokin: Our Advantage is that the Vehicles We Produce are Tailored for Customer’s Needs

Exclusive interview with Mr. Vadim Sorokin, President and Chief Executive, GAZ Group. AT: Mr. Sorokin, it is known that GAZ has gained popularity thanks to cooperation with foreign partners. What has GAZ achieved for today working with its foreign partners?

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Retailing in Azerbaijan: Key Trends and Developments

By Marija Milasevic, Analyst at Euromonitor International The Azerbaijani economy experienced a positive trend towards the end of 2009-2013. Real GDP grew by almost 6% in 2013. Officially, unemployment in Azerbaijan in 2013 was 5%. Despite improvement in economic conditions

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Europe’s Energy Future is in Gas and in Central Asia

By Günther Oettinger, EU Energy Commissioner Europe is waking from a prolonged recession. Growth is back. Looking forward, we can see that Europe’s prosperity, our competiveness, rests on getting all the elements of a successful economy right. Sufficient, reliable and

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Banking Sectors in the Post-Soviet Countries

By Richard Hainsworth During the last years of the Soviet Union, each of the republics (now independent states) were subtly different whilst sharing much in common. Now each of these states are quite different, whilst sharing subtle common traits. Their

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Telespazio Today is a Leading Player in the Space Market Worldwide

An interview with Mr. Luigi Pasquali, GEO, Telespazio AT: Mr. Luigi Pasquali, could you please tell us about the activities of Telespazio how was it created, what path of development has it travelled and what sort of achievements does it

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Azerbaijani Role in European Energy Security

By Rasa Vaiciuniene, Industry Analyst at Euromonitor International With over 40 million tonnes of crude oil output per annum, Azerbaijan is one of the largest oil producers and exporters in the Middle East. However, after the discovery of the Shah

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The Investments are Based on a Broad Diversification Across Asset Classes, Countries, and Sectors

An interview with Mrs. Hilde Singsaas, State Secretary, Ministry of Finance of the Norway AT: What can you say about the role of oil revenues and perspectives in Norwegian economy? Does the increasing oil-gas revenue from these sources impede the

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