[ad_1] Federal Reserve Chairman Jerome Powell said on Friday the US continues to recover from the pandemic recession, and that progress could allow the central bank to dial back its extraordinary efforts to prop up the economy later this year. Report informs, citing foreign media, that Powell cautioned, however, that the recovery remains uneven and… Continue reading Fed Chair says US may soon start reducing massive economic support
Tag: economic
ADB: Azerbaijan needs to expand economic diversification
[ad_1] Azerbaijan and Kazakhstan saw their economies contract significantly due to COVID-19. Although both are resource-rich, upper-middle-income countries, economic shocks like the COVID-19 pandemic underline the need to expand economic diversification to make their economies less dependent on one export sector to become more resilient, Report informs referring to the Asian Development Bank (ADB). “Azerbaijan’s… Continue reading ADB: Azerbaijan needs to expand economic diversification
Ilham Aliyev’s visit to regions aims to form balanced economic development
[ad_1] “Regional development in Azerbaijan has always been a priority. Given that President Ilham Aliyev pays special attention to the development of the regions. The President’s regular visits to the districts are aimed at the development of our areas and the formation of balanced economic development in the country as a whole,” Economist Vugar Bayramov,… Continue reading Ilham Aliyev’s visit to regions aims to form balanced economic development
14 REGIONS – UNITED AZERBAIJAN: every inch of land now participates in economic dev’t
[ad_1] Territorial, political, and now economic integrity – the historical decree of President Ilham Aliyev on the new division of Azerbaijan’s economic regions put an end to the centennial injustice of the division of Karabakh into “upper” and “lower.” Creation of the Karabakh region, which included the city of Khankendi, as well as Agjabadi, Agdam,… Continue reading 14 REGIONS – UNITED AZERBAIJAN: every inch of land now participates in economic dev’t
Ukrainian MP: Creation of new economic zones – important step for future prosperity of South Caucasus
[ad_1] “Creation of new economic zones in such a region as the South Caucasus after the statement signed upon completion of the Karabakh war is naturally an important step towards the future economic prosperity of the entire region,” chairman of Ukraine’s Supreme Rada Committee on financial, tax and customs policy, MP Maryan Zablotsky told Report‘s… Continue reading Ukrainian MP: Creation of new economic zones – important step for future prosperity of South Caucasus
Markov: East Zangazur economic region to give serious stimulus to development
[ad_1] “Azerbaijan has gained both military and diplomatic victory. The territories were liberated during the 44-day war. Naturally, it is now necessary to reclaim these lands, return them to people for them to build a normal life. Economic development and restoration of Karabakh is necessary as a single region for more effective, quick and balanced… Continue reading Markov: East Zangazur economic region to give serious stimulus to development
IEA: High oil prices may slow economic recovery
[ad_1] While the current high prices could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries, Report informs, citing the July 2021 Oil Market Report of the International Energy Agency (IEA). Analysts remind that… Continue reading IEA: High oil prices may slow economic recovery
Expert: Economic aspects to influence Brussels’ position on Baku
[ad_1] The EU’s interest in the supply of Azerbaijani gas, as well as the participation of European companies in projects that will be implemented in Karabakh on Baku’s initiative, may become an additional economic stimulus for interaction between Azerbaijan and the European Union, Report informs, citing Mikhail Neyzhmakov, a leading analyst at the Russian Agency… Continue reading Expert: Economic aspects to influence Brussels’ position on Baku
Pakistan, Azerbaijan to set up chamber of economic co-op
[ad_1] On July 7, the presentation of the Pakistan-Azerbaijan Chamber of Economic Cooperation will be organized in Baku, Report informs with reference to the Pakistani Embassy in Baku. The primary purpose of creating the Chamber of Economic Cooperation is the development of bilateral economic ties and trade. The event will be held online. It will… Continue reading Pakistan, Azerbaijan to set up chamber of economic co-op
President Ilham Aliyev lays foundation stone for Alat Free Economic Zone
[ad_1] President of the Republic of Azerbaijan Ilham Aliyev has attended a groundbreaking ceremony of Alat Free Economic Zone. Chairman of the Board of Directors of Alat Free Economic Zone Authority Valeh Alasgarov informed the head of state of the work done here. Alat Free Economic Zone will cover a total area of 850 hectares.… Continue reading President Ilham Aliyev lays foundation stone for Alat Free Economic Zone