The Azerbaijani government predicts a decrease in dependence on oil and a strengthening of the defense industry
It has to be kept in mind that the Ministry of Finance published a statement which said as follows: "Oil revenues are expected to reduce. A share of the oil sector in the budget revenues and exports has been and remains to be high. Thus, in 2020, the oil and gas sector accounted for 29.9% of GDP; 56,7% of the government budget revenues and 86.5% of total exports. In 2021, a share of the oil and gas sector in GDP will be 33%; and in the government...
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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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