CESD Chairman Had Speech at Qafqaz University

CESD Chairman Had Speech at Qafqaz University Vugar Bayramov, chairman of CESD, had speech on Management of Oil Revenues in Azerbaijan at Qafqaz University, the top university in Azerbaijan, on February 23, 2012. Vugar Bayramov mentioned that The high inflow of oil revenues to Azerbaijan in recent years has led to large and increases in government expenditures in the state budget and State Oil Fund of the Azerbaijan Republic. Given that oil revenues... Read More

Is nonoil sector reached 47% in GDP?

Is nonoil sector reached 47% in GDP? GDP increased in 2011 and a 9.5% growth was achieved in nonoil sector. According to sources in the Ministry of Economic Development, the statement came from Economic Development Minister Shahin Mustafayev, Gun.Az reports. He was speaking at the collegiate sitting on by results of the year. He said the nonoil share in GDP reached 47.3% in 2011. In the same year, foreign investors showed greater attention to... Read More