OPEC cuts oil demand growth forecast on economy

OPEC cuts oil demand growth forecast on economy   OPEC, source of more than a third of the world’s oil, cut its forecast for global oil demand growth this year as a worsening economic outlook curbs consumption in developed economies. The revision from the Organisation of the Petroleum Exporting Countries in a report on Tuesday follows reductions by other forecasters, such as investment bank Barclays Capital, as slowing growth hits consumers and businesses.   “Dark... Read More

CESD Policy Report on Tourism Sector in Azerbaijan

CESD Policy Report on Tourism Sector in Azerbaijan In Azerbaijan, 2011 has been declared the “Year of Tourism.”  In comparison with neighboring countries development of tourism in Azerbaijan is very low, though in 1999 principal priorities and goals of the state policy in this sector were determined with the adoption of the law ‘On Tourism’, and one of the important tourism documents – the state program ‘On the development of tourism during 2002- 2005 and 2010-2014’... Read More