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economy  Caspian Resources Consulting Ltd. |
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Young economies of The Caspian Sea
region: Azerbaijani, Kazakh and Turkmen, are impressively developing.
Their mean GDP growth rate (much
over 10% in last few years) encourages
also The EU's economy
in strengthening trade contacts with so interesting business partners. Since the dissolution of The Soviet Union in 1991, three post-SU economies with essential inflence of Russian economy - Azerbijan, Kazakhstan and Turkmenistan, have still been converting into the new and modern ones, based on their natural key success factors: )'(
oil
resources (Azerbijan);)'(
mineral
resources, including gold (Kazakhstan);)'(
gas
resources (Turkmenistan);Azerbijan is one of the largest oil producers in the world. Kazakhstan ranks in the top of countries being estimated as a world-largest mineral deposits' owners. Whilst Turkmenistan posesses one of few globally most essential gas reserves. According to those facts Azerbijan has recently been the world leader in GDP growth (about 25% in 2007). Kazakhstan (about 10% in 2007) as well as Turkmenistan (about 15% in 2007) are both not so high ranked in such statistics but they also are quickly leaving recent listings of under-developed countries. In cooperation with i.a. The International Monetary Fund have they been pursuing long-termed stabilization programs relating to their economies. Terminal effect of those efforts seem to be very hopeful for the future: )'(
Azerbijan - inflation
index: about
15% in 2007,exchange
rate of local currency: 1 Azerbijan
New Manat =
about 0.7 GBP;)'(
Kazakhstan - inflation
index: about
10% in 2007,exchange
rate of local currency: 1 Kazakhstan Tenge =
about 0.005 GBP;)'(
Turkmenistan - inflation
index:
about 5% in 2007,exchange
rate of local currency: 1
Turkmenistan
Manat = about 0.0001 GBP;The governmental reforms in Azerbijan, Kazakhstan and Turkmenistan, including privatization process (i.e. transferring enterprises' ownership from the public to the private sector) contribute to their local economies' becoming day by day much more competitive in a global-sized network of free business relations. |
 Caspian Resources Consulting Ltd. Registered in England No: 6700782 Tennyson House 159 - 165 Great Portland St. London W1W 5PA United Kingdom mob.+44 (0) 7730 685 612 tel. +44 (0) 20 7589 5147 mail: caspian-resources |
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