Quantitative and qualitative assessment of the transition to a market economy in Azerbaijan during the 30 years of independence
As the first decade of Azerbaijan's 30-year independence was characterized by a transition economy, during this period, GDP declined, then revived; prices rose sharply, then stabilized; fundamental changes took place in the structure of GDP due to the increase in the share of services; the share of the private sector in GDP increased; investment initially declined, then rose; unemployment and poverty rose. Azerbaijan was not a unique country by t...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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