 Azerbaijan switched to economy mode in mid-2015: Minister May 20, 2016 - 16:38 AMT PanARMENIAN.Net - Since mid-2015, Azerbaijan has switched to economy mode, Finance Minister Samir Sharifov said Friday, May 20, according to local media reports. “The worsening external economic environment affected Azerbaijan's economic development,” said the minister. “This led to a decrease in the growth rate of the country's economy, a sharp reduction in foreign exchange earnings and in fact, brought the balance of payments surplus to zero.”  Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
