Fitch Ratings International Agency published a report on countries that gained the most from rising prices for raw materials in 2003-13 respectively. Azerbaijan was in the list of leaders, along with Bolivia and Peru. At the bottom of the table were Bahrain, Gabon, Venezuela and Suriname.
According to Fitch, centralized expenditures in developing countries, whose economies are based on exports of raw materials, rose by 5% of GDP since the mid-2000s with a sharp reduction of income from hydrocarbon exports.
The agency analysts believe that the total fiscal revenue in developing countries exporting raw materials at the end of this year will be reduced by $ 1.3 trillion compared to 2013. --17D-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review