Decline After Speedy Growth

Decline After Speedy Growth The decline in the oil sector at 9,3% resulted in the fact that economic growth in Azerbaijan has become the worst among CIS in 2011 Low economic growth last year, is uniquely associated with a fall in the oil sector, Center for Economic and Social Development (CESD) reported. “In 2010, Azerbaijan produced 51 million tons of oil. In 2011 this figure fell to 46 million tons. The following year, this figure does down to 42 million tons. If,... Read More