ent, council of ministers
Legislative branch:
National Parliament (National Assembly or Milli Mejlis)
*Azerbaijan, Government
Judicial branch:
Supreme Court
Leaders:
Chief of State:
President Ebulfez ELCHIBEY (since 7 June 1992)
Head of Government:
Prime Minister Penah HUSEYNOV (since 29 April 1993; resigned 7 June 1993;
likely replacement - E'tibar MAMEDOV); National Parliament Chairman Isa
GAMBAROV (since 19 May 1992; resigned 13 June 1993; likely replacement
Geydar ALIYEV)
Member of:
BSEC, CSCE, EBRD, ECO, ESCAP, IBRD, IDB, ILO, IMF, INTELSAT, ITU, NACC, OIC,
UN, UNCTAD, UNESCO
Diplomatic representation in US:
chief of mission:
Ambassador Hafiz PASHAYEV
chancery:
1615 L Street NW, Washington, DC 20036
telephone:
NA
US diplomatic representation:
chief of mission: Ambassador Richard MILES
embassy:
Hotel Intourist, Baku
mailing address:
APO AE 09862
telephone:
7-8922-91-79-56
Flag:
three equal horizontal bands of blue (top), red, and green; a crescent and
eight-pointed star in white are centered in red band
*Azerbaijan, Economy
Overview:
Azerbaijan is less developed industrially than either Armenia or Georgia,
the other Transcaucasian states. It resembles the Central Asian states in
its majority Muslim population, high structural unemployment, and low
standard of living. The economy's most prominent products are cotton, oil,
and gas. Production from the Caspian oil and gas field has been in decline
for several years. With foreign assistance, the oil industry might generate
the funds needed to spur industrial development. However, civil unrest,
marked by armed conflict in the Nagorno-Karabakh region between Muslim
Azeris and Christian Armenians, makes foreign investors wary. Azerbaijan
accounted for 1.5% to 2% of the capital stock and output of the former
Soviet Union. Azerbaijan shares all the formidable problems of the ex-Soviet
republics in making the transition from a command to a market economy, but
its considerable energy resources brighten its propects somewhat. Old
economic ties and structures have yet to be replaced. A particularly galling
constraint on economic revival is the Nagorno-Karabakh conflict, said to
consume 25% of Azerbaijan's economic resources.
National product:
GDP $NA
National product real growth rate:
-25% (1992)
National product per capita:
$NA
Inflation rate (consumer prices):
20
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