“Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.
V.Bayramov Ph.D., Azerbaijan State University of Economics (UNEC)
The main objective of this research is to analysis the state of the economy of the Republic of Azerbaijan in 2015 and to define opportunities for further liberalization reforms. The paper concludes that 2015 was not easy for Azerbaijan economy due to sharp decline of crude oil price in the world market. The economic challenges, however, should be as an opportunity for Azerbaijan to promote economic diversification.
Key words: diversification, trade, exchange rate, economy, finance, development
JEL classification: L25