Articles in English | Seite 203

Hajiyev: Russia was intensively arming Armenia

Hajiyev: Russia was intensively arming Armenia

The assistant to Azerbaijan’s President, Hikmet Hajiyev, publicly stated that Russia has been “intensively arming Armenia” since the July border clashes in the Tovuz region, with its Il-76 strategic airlifters flying towards Armenia after 17 July.
Azerbaijan and Georgia in World Bank Enterprise Survey 2019

Azerbaijan and Georgia in World Bank Enterprise Survey 2019

On 26 August, the World Bank published their Enterprise Survey, a firm-level survey of a representative sample of an economy’s private sector, for Azerbaijan and Georgia. Georgia’s results sparked even a public praise from the World Bank Regional Director for South Caucasus Sebastian Molineus.
Fitch revises Azerbaijan’s state budget outlook

Fitch revises Azerbaijan’s state budget outlook

According to the Fitch report, the planned budget deficit was raised to 12.4% of GDP from 2.3% in the original budget. An increase in the planned transfer from the sovereign wealth fund (SOFAZ) to the budget, should support the 1.7 AZN/USD exchange rate, which has faced less pressure in recent months.

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