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Azerbaijan's economy in 2015: New Opportunities for Further Diversification

Journal: The Journal of Economic Sciences: Theory and Practice (Vol.73, No. 1)

Publication Date:

Authors : ;

Page : 45-51

Keywords : Diversification; trade; exchange rate; economy; finance; development;

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Abstract

The main objective of this research is to analysis the state of the economy of the Republic of Azerbaijan in 2015 and to define opportunities for further liberalization reforms. The paper concludes that 2015 was not easy for Azerbaijan economy due to sharp decline of crude oil price in the world market. The economic challenges, however, should be as an opportunity for Azerbaijan to promote economic diversification.

Last modified: 2016-08-21 00:34:36