February-March 02-03/2010 Economic Research Center
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- 02-03/2010 Projects
- Economic Research Center issued the inflationa indicators within January
- The recommendation packages on pension reforms were presented to state bodies
- Information base on foreign trade had been established
- The impacts of global financial crisis into business field had been investigated
- The results of inflation calculations within February had divulged by ERC
- The minimum consumer basket had been calculated
- The impacts of climate changes into agriculture field to be investigated
- Economic Research Center is under the process of determining activity directions for a new stage
Economic Research Center
Economic Research Center (ERC) has organized round table on “Current pension system and
reforms in the Republic of Azerbaijan” in February 18, 2010. Local and international organizations,
governmental bodies, embassies of foreign countries and as well as representatives of mass
media have participated at the meeting.
The round table has been dedicated to presentation and discussion of research report on “Current
pension system and reforms in the Republic of Azerbaijan” within the “Evaluation of impact of
state budget expenditures from macroeconomic equilibrium perspective on social field“ project
implemented by ERC experts with financial support USAID, “Civil Society Development Project”
and organizational assistance of National Budget Group.
Gubad Ibadoglu, the chairman of ERC Management Board delivered first remarks at the meeting
and provided information about implemented activities within the project and also emphasized the
importance of reforms in pension system. According to him, current pension system of Azerbaijan,
its establishment date, implemented reforms and achieved results were analyzed and possible
scenarios and perspectives, as well as prepared recommendations were reflected in the report
presented for discussion.
Fuad Rasulov, member of National Budget group and the chief author of research report
presented it to the meeting participants. The history of world pension system, and the
transmission process from “unanimity system” to “ individual” system, the implemented reforms in
Azerbaijan and their essence, information on obtained results, including The history of world
pension system, the transmission process from “unanimity system” to “individual” system, the
implemented reforms in Azerbaijan and their essence, information regarding obtained results,
including double sceneries in respect to possible perspectives had embodied in the report.
After the presentation, round table carried on with discussions. Members of Milli Maclis Vahid
Ahmadov, Nazim Mammadov, chairman of Traders and Producers’ Union Sevgim Rahmanov,
chairman of Support for Economic Initiatives Public Union Azer Mehtiyev, chief of Public
Association for Assistance to Free Economy Zohrab Ismayil, chief of department of State Social
Defense Fund Idris Isayev and other seniors had participated at the discussions.
Economic Research Center (ERC) presented the results of prices of statistical observation
conducted in 22 regions of Azerbaijan throughout January 2010 within the framework of
“Calculation of alternative inflations level and development of models” which is financed by SECO
for February 19, 2010.
According to the statistical observation conducted by ERC, at the first month of 2010 1,06 %
inflaton has been recoreded in Azerbaijan. The Consumer Price Index was increased up to 1,43 %
in Baku and in the regions up to 0,71 %. Compared to January of previous year, the price of
consumer index had risen 3,25 %. Nevertheless, in comparison with January of 2009 the level of
inflation in Azerbaijan had recorded as 3,25 %.
During January, the most significant rise in price remain among fruit and vegetables arranged
(6,25 %), sugar, tea and spice up to (3,86 %). Nevertheless, considerable fall in price have been
recorded on non-food products, such as in construction materials (0,65 %).
It should be noted that, the official statistical body proclaimed 0,5 % inflation for January 2010,
compared to last year 1,8 % inflation has been recorded in Azerbaijan. Government predicts 3 %
inflation till the end of current year.
presented to state bodies
Economic Research Center is pursuing its activity on “Evaluation of Impact of State Budget
Expenses on Social Field from Macroeconomic Equilibrium Perspective” funded by Counterpart,
Civil Society Project, Open Society Institute Assistance Foundation and organizational support
provided by National Budget Group.
During the first term of current year, the research has been executed within the framework of “The
current pension system and reforms of the Republic of Azerbaijan” project and the final report has
been prepared and discussed. Furthermore, the final report was submitted to Social Defense
Fund, Ministry of Labour and Social Protection of Azerbaijan Republic, Ministry of Economic
Development and Research Institute on Labour Issues in order to retrieve their opinions related to
In addition to this, Fuad Rasulov, the expert of the project has held a meeting at State Social
Defense Fund. The deputy chairman of Fund, Elman Mehdiyev, and including the head of the
department Elshan Mammadaliyev also took part in this meeting. During the meeting, the
discussion was conducted focusing on prepared political document by ERC and parties
exchanged their point of views and opinions on this topic. Besides, representatives of the Fund
have divulged their attitude to the document.
In February 19, ERC has held a round table discussion within the framework of “The current
pension system and reforms of the Republic of Azerbaijan” project. The representatives of local
and international organizations, governmental entities, foreign embassies in Azerbaijan, including
mass media took part at the event. The outcomes of the meeting have been elucidated at over 10
mass media and 3 TV networks.
In February 27, the coordinator of the project Gubad Ibadoglu, including expert Fuad Rasulov, and
chairman of “Elderly intellectuals Care Society” held debate on the topic of “The perspectives and
problems of pension system in Azerbaijan” at the “Economic Forum” telecast in ANS TV.
Information base on foreign trade had been established
Economic Research Center with financial support of Open Society Institution Assistance
Foundation pursues its activity regarding the implementation of “Mirror statistics and foreign trade
of the Republic of Azerbaijan” research project. The main activity executed within the framework of
the project which is unleashed in January was establishing information-statistic base for research
issues. For this purpose, the methodology of the research was prepared and the geography of the
countries involved for research was determined at the initial stage. Numerous criterias were taken
into account for this aim. These are as follows:
The main partner countries in foreign trade of Azerbaijan, essentially countries in
respect to import operations
Countries located in border with Azerbaijan and main non-partner countries
Countries having considerable impact to world’s foreign trade policy ( USA, Japan and
Countries which their import mainly dependent on raw materials ( Kazakhstan, etc)
The relevant structures and organizations of 15 countries selected based on above mentioned
criterias was addressed for the aim of collecting information on bilateral trade with Azerbaijan
during 2003-2009. Foreign trade statistics about 11 countries have been already accumulated.
Simultaneously the information based on Azerbaijan’s official statistics in regard to bilateral trade
of those countries had been obtained and comparative information base also had been
established based on accumulation of information from both two parties- Azerbaijan and its trade
Currently, the conduction of calculations on accumulated information is being followed with
increasing the numbers of countries involved in research. In addition, it is planned to acquire the
results of initial version of research report and mirror statistics.
The impacts of global financial crisis into business field had
Economic Research Center jointly with North Caroline University of USA has conducted research
entitled The Dutch Disease in Azerbaijan: A Disease after all?. The team of researchers financed
by the U.S. Department of States has investigated impacts of Dutch disease in Azerbaijan.
Businesses operating in Azerbaijan were surveyed to assess the impact of syndrome of
production enterprises and its influence to producers. Analysis of survey was presented for
Azerbaijani public in March 4, 2010. Moreover, the representatives and senior officials from state
bodies, business entities, deputies, international organizations and foreign embassies in
Azerbaijan, including local experts and Mass Media participated at the conference jointly
organized by ERC and Entrepreneurship Development Fund.
First, Dr. Rasim Huseynov, member of ERC Management Board spoke on macro-economic
impact of global financial crisis. As he stated, 2009 was a tough period for Azerbaijan’s economy
in the last decade.
Afterwards, Mr. Ibadoglu, chairman of ERC Management Board presented the results of the
business survey. First of all, he outlined the characteristics of companies engaged at survey and
according to him respondents who are involved at research come from various enterprise fields,
such as 25% from service spheres, 17% trade, 16 % finance, bank and insurance system, 13 %
from processing field, 7 % construction, 6 % communication, 3 % agriculture, and eventually 2 %
are operating at mine industry.
Eighty percent of survey participants underlined feeling negative impact of global financial crisis
however, 20 percent stated they have not subjected to crisis. 47,54 percent of respondents who
chose first answer stated they have felt global financial crisis impacts since 2008, and 52,46
percent replied crisis became influence them since 2009.
Due to calculate actual impacts of crisis the changes on financial indication evolution before the
crisis and also within crisis period were requested from survey participants during the research
period. It was clarified that, 33,8 % of companies’ profits coming from sale were arranging over 30
percent and 38,2 % of companies’ incomes were growing between 5-30 percent, however during
the crisis period it was on the contrary, 28 % of respondents’ profits were arranging over 30
percent, and 60,3 % of respondents’ profits started decreasing between 5-30 figures. The similar
tendency has been observed in regard to full time employees. Furthermore, while before the crisis
22, 8 % of survey respondents increasing the quantity of full time employees over to 30 %, and
33,3 % between 5-30%, but during the crisis these figures have been shifted. So, 60 % of
respondents decreased the quantity of employees to 5-30 % and 28 % of them reduced by 30 %.
G.Ibadoglu underestimated that the official figures of State Statistical Committee of Azerbaijan
Republic had impact to the existence of this tendency. G.Ibadoglu also emphasized that according
to the information survey procured from Committee the quantity of reduced employees arrange
3037 in 2008, and 8747 persons for 2009. This means that just because of the impact of global
financial crisis Azerbaijan’s economy has lost 3 times more job positions compared to last year.
After the presentation, the floor was opened for discussion and brainstorming. The representative
of Independent Consumers Union Fariz Adigozalov, delegate from SECO Naila Safarova,
including representative of Azerbaijan State Economic Unievrsity Muslim Ibrahimov, including
member of Milli Maclis Nazim Mammadov, deputy chairman of Economic Initiatives Assistance
Public Union Rovshan Agayev, and other experts held discussions around the topic.
Economic Research Center had arranged “ ERC in 2009: final-repot conference” aiming to expose
the realization of the organization commitments for 2009, program and financial activity related to
this, as well as conducting report about current plans of 2010 for its audience in March 11, 2010.
Besides, the conference aimed also assessing the obtained outcomes and investigating
perspective approaches and collaboration facilities.
G.Ibadoglu, chairman of ERC Management Board provided the participants with information
regarding activities of Center. He stated that the main objective of Center is foster effective and
sustainable civic engagement in all levels of public administration and thus more citizens’ access
to the related information through building favorable interactions between the government and civil
society. “The Center’s major research dimensions cover the issues on popularizing the economic
and business knowledge in the society, enhancing transparency and accountability, public
participation and decentralized governance issues. Therefore, the Center is conducting regular
researches on analyzing state policy in the field of macro-economy and assessment of
predictions, calculation, modulation and prediction of alternative indications aiming to preserve
macro-finance stability, analysis of agrarian market, increase the process of budget transparency.
The Center also fulfills researches on assessment of efficiency and outcomes of financing social
programs (particularly, in the field of health and education) and as well as inspection of household
The research dimensions are grounded in the following fundamental belief:
That the Effective teaching Methodology should entail a holistic approach to education
issues, whether in economic field or otherwise, which can go far beyond conventional
method of teaching;
That the New Public Management under decentralized governance should be based
on inclusive policies and transparency;
That it is vital to keep people aware of evolving issues of nationwide interest or
concern to ensure timely accountability on the side of public officials.
ERC has arranged effective collaboration with 13 donor organizations within the framework of 14
projects in 2009. In general, Center has also established effective and long lasting relations with
multiple international organizations and networks, local civic societies, including state bodies. It is
not only local sources that refer to ERC’s research but foreign mass media as well. (For instance:
The Economist, Financial Times, CNN, AlJaazera etc.)
Furthermore, ERC has held 9 conferences (including 1 international conference), 9 round table
discussions, 12 presentations and public discussions, 2 seminars and trainings and 1 radio
debate. Over 30 local and foreign specialists, as well as representatives of international
organizations and foreign embassies, including roughly 15 Mass Media took place. In addition,
department on Public affairs of ERC had published 14 press releases within different spheres. The
opinions and interviews of ERC experts in different matters elucidated between 70-80 times in a
month at mass media. At the same time 9 informational bulletin related to ERC’s activities was
published in two languages (Azerbaijan and English) and including 7 editions of “Expert” magazine
has been published and distributed among partners.
G.Ibadoglu further spoke about ERC’s challenges and also limitations that imposed on to civic
society institutions: “Limitations of participation in state programs, weakness of partnership
opportunities with private sector, existence of problems in development of Civil Society, shortage
of human and financial resources, lack of journalism professionalism on writing economic articles,
difficulties on placing information about ERC’s researches at electron Mass Media websites and
telecasts due to their dependence from political power, including several conservative
governmental officials’ avoidance from open discussions and debates with ERC experts and
persecutions on to journalists and mass media structures who disseminate independent
information are challenging aspects in front of ERC”.
G.Ibadoglu responded to the questions of participants and the meeting continued with
divulged by ERC
Economic Research Center (ERC) presented the results of prices of statistical observation
conducted in 22 regions of Azerbaijan during February of 2010 within the framework of
“Calculation of alternative inflations level and development of models” which is financed by SECO
for March 15, 2010. According to the statistical observation, 0,65 per cent inflation was registered
at the second month of 2010 in Azerbaijan. As a consequence of this, 0,63 % inflation had
recorded in Baku and at the regions this figure had arranged 0,68 %. Compared to the February of
previous year, the index of consumer price in the country had increased up to 4, 02 %. In addition
to this, the price of food products had risen up to 5,98 %, price of non-products went up om,03 %
and rise in price within services had occurred 2, 39 %.
During January, the most significant rise in price remain among fruit and vegetables arranged
(4,73 %), sugar, tea and spice recorded (1,58 %). Nevertheless, considerable fall in price have
been recorded on non-food products, such as clothes and shoes (1,04%).
During February 2010/ February 2009 the prices in the capital had risen up to 6,32 % and in the
regions it arranged 0,24 %. It should be noted that, the official statistical body proclaimed 1,1 %
inflation for February 2010, compared to last year 2,8 % inflation has been recorded in Azerbaijan.
The minimum consumer basket had been calculated
Economic Research Center (ERC) issued the results of prices of statistical observations
conducted in 22 regions throughout February 2010 within the framework of “Calculation of
alternative inflation rate and development of models” funded by SECO. ERC has also calculated
the rate of consumer basket for February based on standards endorsed under through the signed
decree of Cabinet of Ministries of April 30, 2009.
According to calculations of ERC experts, the minimum living standard in Azerbaijan was
estimated at 148, 8 AZN. In addition to this, the minimum rate of consumer basket per person in
labour force was estimated at 140,14 AZN, whereas in regard to pensioners this is estimated at
127,16 AZN, and 178, 67 AZN for children of 0-14 age. Moreover, labour force has spent 79,37
AZN per person on foodstuff, pensioners spent 73,25 AZN and parents of 0-14 age children spent
89,79 AZN on this category of goods over February. During the month, the minimum expenditures
for purchasing non-food products in regard to market prices were estimated at 35,33 AZN for
working people, at 31,53 AZN for pensioners, and at 71,32 AZN for the children of 0-14 age.
Nevertheless, the service expenditures were recorded as 25,3 AZN, 22,38 AZN and 17,56 AZN
It is worth mentioning that the decree of Milli Maclis stated the living standard for 2010 to have
been calculated at 87 AZN, including 96 AZN labour force people, 68 AZN for pensioners and 72
AZN for the children of 0-14 age.
Economic Research Center has launched the so called “Assistance to Civil Society institutions on
building effective public relations and provision of accountability issues” project under financial
support of State Support Council in April. The aim of the project is building effective public
relations, providing technical and methodical assistance for their institutional development through
increasing NGOs knowledge and skills in the field of transparency and accountability.
Certain targets have been determined in order to reach the objectives of the project. These are as
Determining transparency and accountability principles that has vital importance on
governance and action of NGOs based on utilizing ERC’s experience and international
Preparation and dissemination of recommendations (it includes both foreign and also
local communications of state, business, Milli Maclis, and mass media) in the field of
building effective public relations and deliverance of information for NGOs.
Defining key problems and their solution ways existing in the relations of NGO-foreign
organizations, NGO-business, NGO-governmental structures, NGO-Mass media,
NGO-Parliament through conducting trainings and seminars and socializing obtained
positive repercussions through establishing effective advocacy activity.
The impacts of climate changes into agriculture
field to be investigated
Economic Research Center started implementing so called “Social-economic dangers caused by
climate changes and management of risks” project won at the grant contest within the framework
of Security and Civic Action on Environment of OSCE in April. The project will cover April-
November 2010 and the aim of it is to calculate additional expenses and the scale of expected
impacts of climate changes into economy, particularly into agriculture and refining industry,
conduct researches towards assessing its defects, implement current policy based on delivering
information in this field, increase public participation and improve practicality on decision-making.
It is planned to increase the public participation, implementing preventive adjustment measures
toward management of future risks, calculation additional expenses and the scale of expected
impacts as a consequence of emerged natural disasters into agriculture within the framework of
implemented project in the Ganca-Khazak region. For this purpose, the political document
embodying adjustment measures due to prevent expected loses will be prepared and submitted to
relevant agencies and public. Nonetheless, series of trainings will be conducted among financial
managers due to apply up-coming prepared methodology aiming to plan the expenses for future
period and calculate of additional expenses emerged from the impact of climate changes. The
public will be enlightened on climate change causes, damages derived from climate change into
economy, and social life as well as planning the future expenses.
Within the framework of the project, the conventions regarding protection of environment and
climate changes that Azerbaijan had joined, including national legislation will be analyzed and as
well as the assessment of commitments complied by government will be determined.
The serious problems generated from severe weather condition on infrastcuture and municipal
economy of Baku had been brought into discussion by Economic Initiatives Assistance Public
Union and Economic Research Center ( ERC) in Febrary 12. Local and international
organizations, governmental bodies, political parties and Mass media representatives took part at
Three presentations were elucidated at the conference hall of Caspian Plaza. The deputy
chairman of Economic Inititatives Assistance Public Unian Rovshan Agayev focused mainly on
energy supplying system of Baku and regions, and the capacity and efficiecncy of investments
allocated in this field. The chairman of ERC Management Board Gubad Ibadoglu delivered his
presentation on investments allocated in transporation infrastrcutre based on state budget. The
third presentation delivered by Azer Mehtiyev, the chairman of Economic Initiatives Assistance
Public Union. He mainly concentrated on current problems existing in the field of gas, heat
supplying system and other municipal service areas.
After presentations, the head of administration apparatus of Musavat party Arif Hacili, expert on
energy issues Ilham Shaban, coordinator of Municipal Alliance Amil Bayramov, lawyer Eldar
Gocayev, director of gas Gas Supply Department of “ Azeriqaz” Production Union Vagif Namazov,
deputy chief of “Azersu” Bahadir Kangarli and others took part at the discussion.
to be held in Baku
The seminar in the topic of “Economics of Financial Crisis” will be organized under program and
financial support of Friedrich Naumann Foundation ( FNF) of Germany, and with organizational
support of New Economic School of Georgia and Economic Research Center ( ERC) in Baku on
April 19. Professor Pascal Salin, Emeritus Professor of economics at Paris – Dauphine University
is going to be the main lecturer at the seminar. Furthermore, the members of partner organizations
of FNF and ERC, representatives of economic bloc of Azerbaijan government, independent
experts, scientific-academic seniors, including leading NGO and Mass media delegation are
among participant list of the seminar.
Professor Pascal Salin, will deliver lecture on the topics of “Theory of monetary systems”, “Theory
of tax systems”, “Theory of business cycles and last financial crisis”, “Growth, economic stability
and capitalism” and “The economic principles unheeded by politicians”.
The chairman of Economic Research Center Gubad Ibadoglu met with Ambassador of
Switzerland in Azerbaijan Alain Guidetti. The parties mainly focused on discussing the fulfillment
circumstance of state budget incomes and expenses, oil incomes and its transparency issues,
including the impacts of global financial crisis to economy, entrepreneurship field and households.
The chairman of Economic Research Center Gubad Ibadoglu participated at the reception upon
invitation by the head of the Delegation of European Commission to Azerbaijan, Ambassador
Roland Kobia, in February 9. The Coordinator on Ukraine, Belarus, Moldova and South Caucasus
of the European Commission Karin Gatt-Rutter, the Head of Operations and Neighborhood Policy
Section of EU Delegation Jan-Louis Lavroff, Head of social, economic and press department, First
secretary Jerome Pons, Political Officer, Delegation of European Commission to Azerbaijan
Manfredas Limantas also participated at this meeting. The social-economic situations in
Azerbaijan, the last circumstances in the region, including the perspectives in cooperation with
European institutions were discussed during the meeting.
The chairman of Economic Research Center Gubad Ibadoglu held meeting at the Embassy of the
Republic of Italy in Azerbaijan, in February 15. During the meeting, the standing point of
commercial relations between Azerbaijan and Italy, its statistical characteristics, as well as
investment collaboration issues between two countries were discussed.
The chairman of Economic Research Center Gubad Ibadoglu met with deputy of Ambassador of
Germany in Azerbaijan Peter Ziegler. The parties held discussions on the economic stance of
Azerbaijan and the development spectrums of commercial ties and investment collaboration
between two countries. Except this, the perspectives of Germany-Azerbaijan relations also being
discussed at the meeting.
The chairman of Economic Research Center Gubad Ibadoglu held meeting at the Embassy of
Turkey in Azerbaijan in February 17. First secretary Riza Kagan Yilmaz, chief trade advisor Gazi
Bilgin, chief economic advisor Cahit Buyukturk also participated at the meeting. The current
stance of commercial-economic relations and investment cooperation and as well as its
development perspectives between the Republic of Turkey and the Republic of Azerbaijan were
discussed during the meeting.
The chairman of Economic Research Center Gubad Ibadoglu held meeting at the delegation of
USAID in Azerbaijan in February 25. The chief Competitiveness Advisor of USAID Washington
Office Neal Nathanson, chief advisor on financial market William Baldrige, and director of
economic programs department of USAID Baku office Shiyla Yanq and also officer of the same
department Aytan Khahramanova had participated at the meeting. The main topics of the
discussion were entrepreneurship atmosphere in Azerbaijan, its emerging problems and
The chairman of Economic Research Center Gubad Ibadoglu held appointments with Advisor and
Alternate Senior Personnel Manager at the IMF's Research Department on Middle East and
Central Asia Ratna Sahay, deputy of director Ninke Omec, and as well as economist Aiko
Mineshima in March 01. During the meeting, state spending, transparency and accountability, and
participation matters of parliament and public at the budget process.
The chairman of Economic Research Center Gubad Ibadoglu met with head of the delegation of
SECO in Azerbaijan Naila Safarova, and deputy director of regional office on South Caucasus
Philip Keller in March 8. The parties held discussions around the impact of global financial crisis
on to Azerbaijan’s economy, business and households as well as elucidation of economic and
political priorities after recession. Advisor of the Ministry of Economic Development, Benedikt
Brauhman also took part at the meeting.
The chairman of Economic Research Center Gubad Ibadoglu held meeting with Co-coordinator of
Finland Permanent Delegation at OSCE Johanna Ketol in March 16. The parties exchanged views
regarding challenges faced by National Budget Group members in granting accession to
Azerbaijan’s budget information, as well as held discussions around the efficiency at state
spending, and accountability issues.
The chairman of Economic Research Center Gubad Ibadoglu met with coordinator of Friedrich
Ebert Foundation (FEF) on South Caucasus Matthias Jobelus, and head of the Delegation of FEF
in Azerbaijan Rashad Huseynli in March 17. The members of the Management Board of ERC
Rasim Huseynov and Fuad Rasulov also participated at the meeting. The cooperation directions
between ERC and FEF discussed at the meeting.
The chairman of Economic Research Center Gubad Ibadoglu met with professors of Duke
University Roy Kelly and Deo Dhakai in March 18. During the meeting, the assessment of
investment projects, welfare economy and monetary policy, including other related directions
discussed at the meeting.
Economic Research Center is under the process of determining
activity directions for a new stage
Economic Research Center ( ERC) has launched a series of deeds on defining action directions
and improving strategic plan for next period. For this purpose, the chairman of ERC, G.Ibadoglu
started meeting with foreign and international donor organizations and partners operating in
The first series of meetings held with Shovkat Alizade, chief of representative Oxfam International
agency in Azerbaijan, Mehriban Rahimli local representative of Marshal Fund, chief of
representative Fridrix Ebert Fund Rashad Huseynli. The main topic of the discussion arranged
priorities of donor organizations for next stage, collaboration facilities with ERC and perspectives.
The chairman of Economic Research Center Gubad Ibadoglu paid visit to Tbilisi upon invitation of
Friedrich Ebert Foundation in February 26-27. During his visit, Mr. Ibadoglu participated at
international conference and regional seminar.
The so called “Farewell USSR” conference was organized jointly with Georgian New Economic
School and Free Thought University in March 26. Following with prominent senior experts in the
field of politics, and economy from Azerbaijan, Georgia, and Armenia famous persons such
as Vladimir Bukovsi, Valeria Novodvorskaya, Konstantin Borovoy, and Andrey Illarianov
representing USA, Russia and Great Britain also took part at the conference. At the conference,
G.Ibadoglu delivered speech on the topic of “The last situation and reforms at Azerbaijan’s
G.Ibadoglu participated at the so called “ The stance of property rights in South Caucuses”
seminar organized by New Economic School in March 27.
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