Preview

Azerbaijan economy

Good Essays
Open Document
Open Document
1034 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Azerbaijan economy
Azərbaycan Respublikası Təhsil Nazirliyi
Azərbaycan Dövlət İqtisadiyyat universiteti

Sərbəst iş

İxtisas: Kommersiya
Kurs: 1
Qrup: 928
Fakültə: Kommersiya
Kafedra: Economy English
Fənn: English
Tələbə:
Elmi Rəhbər:

MÖVZU

Azerbaijan economy

Bakı-2013
As Azerbaijan had been the colony of Russia for a long period, the economy of the country was formed as part of the united natural economy complex of the former USSR. In 1919, the profits gained from oil sales and the income tax comprised the majority of this amount. The main source to form budget was income tax. The second source of budget contributions was the excise tax imposed on wine, tobacco, and especially oil products. If oil industry is not taken into consideration, Azerbaijan has been mainly an agrarian country.
One of the main attributes of every country is, of course, its national currency. The national currency of Azerbaijan was put into circulation in early 1919. The first bank-notes were 25, 50, 100, and 250 manats. Though being an agrarian country in those years, Azerbaijan met the demand for strategic products by imports.
In its economic and trade relations with the foreign countries, Azerbaijan used barter, and gave petroleum for the goods and natural resources bought from abroad.
The main purchaser of Azerbaijan oil was first Russia, later the European. The increase in the oil export stimulated the development of all production sectors.
In 1918-1920, ADR government took a number of measures for the restoration of economy. The administrative-territorial structure of the country was changed and finance was put in order.
In the 1920-1939, the formation process of Azerbaijan economic network continued, though slowly.

You May Also Find These Documents Helpful

  • Good Essays

    The National Governments experienced moderate success in bringing about economic recovery in the years 1931-1939. It would be inaccurate to say that the policies of the governments were the only contributing factor as they alone were not sufficient enough to tackle the harsh economic climate, but for the most part the National Governments were responsible for a moderately successful economic recovery.…

    • 710 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    * Gov. increasingly active economic role both stimulated and sustained expansion. There were a lot of close business-gov. ties. SUPER HIGH BUDGET TO ARMED FORCES.…

    • 3859 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    a. Primary National Interest: Republic of Azerbaijan works to ensure sustained economic growth by protecting and exploiting proven oil reserves from deepwater Caspian Basin oilfields and its transport to growing western markets via the Baku-Tblilisi-Ceyhan (BTC) oil and associated South Caucasus (SCP) gas pipeline. Azerbaijan leverages this energy development to build strategic partnerships & ensure international attention for its independence, and attempt to influence attitudes toward the Nagorno-Karabakh (NK) conflict.…

    • 1054 Words
    • 5 Pages
    Good Essays
  • Good Essays

    • Azerbaijan objectives to increase oil rights in the Caspian Sea, restore its territory and have integration into European and Euro-Atlantic structure. Opposed to Ahurastan due to their support of SAPA.…

    • 1189 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Thanks to modern technology and scientific progress, which is easy to take advantage of unconventional oil, America now has become a major exporter of petroleum products in the world they are issued naphtha, diesel and gasoline for Latin America, Europe and Asia. The outcome of currently imported oil dropped dramatically exceeded all expectations.…

    • 113 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    up new markets to the country and brought areas together. It also created a need for new…

    • 371 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    (3) Foster confidence with bordering countries by decreasing excessive weaponry in conjunction with the ratified Treaty on Conventional Armed Forces in Europe.…

    • 493 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Azerbaijan Point Paper

    • 295 Words
    • 2 Pages

    a. Azerbaijan’s primary national interests in regards to the Caucasus Region are security and economy. The development of strong, secure and democratic nations within the Caucasus Region is strategically important to European and United States interests. Azerbaijan has moved to align with Western States and joined NATO actions within the region. The Baku-Tbilisi-Ceyhan (BTC) pipeline has strengthened Azerbaijan’s economic position within the region and status with the European community. Azerbaijan has joined the West in the war on terror and is an important part within the Caucasus Region for the movement of troops and supplies into the operational theater by granting over flight rights.…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Caucasus Region

    • 605 Words
    • 3 Pages

    The potential political struggle for dominance and insurgent activity in the Caucasus Region jeopardizes the infrastructure and economic resources of the countries within the region and the global economy. The Baku-Tbilisi-Ceyhan (BTC) pipeline is the major economic structure between the balances of power for the World. With Russia’s and Iran’s inability to corner the energy market, these key players are fueling dissention and unrest together with each countries internal disputes the region requires careful analysis and courses of action to promote regional stability; counter terrorism and advance the United States (US) interest within the area. Current Status quo and operational strategies and policies would be the applicable course of action for this region to meet the desired end state.…

    • 605 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Bp Amoco

    • 7949 Words
    • 32 Pages

    Azerbaijan was an early battleground for BP and Amoco as these two companies competed for the oil riches of this newly independent country. During the period from 1990 until 1994, BP and Amoco were the two major players in the Azerbaijan oil rush. This competition extended to their respective governments, each of which was trying to support its country’s commercial interests via BP and Amoco.1…

    • 7949 Words
    • 32 Pages
    Powerful Essays
  • Powerful Essays

    markets and allowed us to depend on their sources and not look else ware for alternative…

    • 1149 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    In the latter half of the 1980s, the fallen of the Soviet Union opened a great opportunity for Western firms to do business in Russian Oil industry. According to the article, Russia was still the world’s largest single producer of crude petroleum. Its reserves of petroleum were the seventh largest in the world, and its reserves of natural gas the largest. Moreover, Russia was located directly next to the two of the largest markets, the European and Japanese markets. However, the economy in Russia was messes, the political was not stable, and the government applied super high tax on foreign company. Those conditions made Russia Oil Industry a hard decision to make for foreign companies. Oil companies faced three major choices:…

    • 800 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Mongolian Economy

    • 10110 Words
    • 41 Pages

    1. EXECUTIVE SUMMARY Current macroeconomic indicators | | | | |12.2009 12.2010 | | |GDP growth (percentage) -1.3 6.1 | | |Industrial sector growth (percentage) -3.2 10.0 | | |Budget deficit (MNT billion) -342.6 3.5 | | |Unemployment (thousand people) 38.0 38.2 | | |Inflation (percentage) 4.2 13 | | |Foreign trade turnover (USD million) 4023.1 6177.1 | | | | | |Foreign trade balance (USD million) -252.3 -378.7 | | | | | | | Main activities occurred in social and economic sectors of Mongolia during 2010 Business-enabling environment reform year Government of Mongolia, by Resolution No. 377 dated December 30th…

    • 10110 Words
    • 41 Pages
    Powerful Essays
  • Good Essays

    Economy of Russia

    • 495 Words
    • 2 Pages

    The phase in the business cycle that Russia is in is Prosperity. Prosperity is the high point of the business cycle. The Gross Domestic Product is 796 billion dollars. Russia is partners with Germany in exporting and importing.…

    • 495 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Since Azerbaijan’s economic reform started in 1990’s, the ownership structure of enterprises has undergone significant changes. Three ownership types will be analysed in this…

    • 1820 Words
    • 8 Pages
    Powerful Essays