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Mon, May 12th, 2025
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ECONOMY
- Azerbaijan
Karabakh’s share in non-oil sector may reach 5-10% by 2030-REPORT.AZ

(Read the full article on report.az)

The economy will develop in six main directions in Karabakh: agrarian business, food industry, mining industry, green energy, logistics, and tourism. The agricultural business will involve 200,000 hectares of agricultural lands, pastures, as well as tens of thousands of hectares of unused lands along the former line, executive director of the Center for Analysis of Economic Reforms and Communications Vusal Gasimli told Report.

He said there is a plan to develop the mining industry in Karabakh: “In particular, owing to the Soyudlu field, Kalbajar may turn into the centre of mining industry of the region. The share of the Karabakh region may make up 5.3% of the country’s mining industry and 4.3% of the refining industry.”

Gasimli noted that Jabrayil is a logistic hub through which communications pass with Turkey and Iran and other regions of Karabakh. The share of the Karabakh region in transport services in Azerbaijan is estimated at 4.9%. In its status as a cultural centre, Shusha will become the main driver of tourism not only for Karabakh but also for Azerbaijan, in general, and the Islamic and Turkic world in the years to come.

Jun 11, 2021

DATA SNAPSHOT

BANKS
- Azerbaijan
Fitch affirms Azerbaijan’s Expressbank at ‘B’, outlook Stable
TRADE
- Uzbekistan
Uzbekistan’s foreign trade turnover at $13.15 bln in Q1, 2022
ECONOMY
- Belarus
Belarus inflation up 15.9% yr/yr in March-Statistics Committee
ECONOMY
- Georgia
Remittances to Georgia rise 3% yr/yr to $193 mln in March-central bank
THE TRIBUNE
- Eurasia
The Tribune suspends publication
HEALTH
- Covid-19
COVID-19 Eurasia Roundup
The Tribune keeps you up-to-date with the latest vaccines and infection data across the region.
OPINION
- Kazakhstan
OPINION-Kazakhstan’s Reforms Should Be More Than Just Show-FOREIGNPOLICY
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