KARABAKH is a region of Azerbaijan which has been under the occupation of Armenia since the war broke out between the two states in 1988-1994. Around 30,000 people have been killed and one million Azerbaijanis have become refugees in their own homeland. Today the negotiations are being held, albeit with no result. We hope that soon all occupied territories will be freed from the Armenian occupation and wait eagerly for the day when the refugees will return to their homeland who now live in miserable conditions, in wagons and camps.
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Economy
Azerbaijan's economy is largely based on industry. Industries include machine manufacture, petroleum and other mining, petroleum refining, textile production, and chemical processing. Agriculture accounts for one-third of Azerbaijan�s economy. Most of the nation`s farms are irrigated. In the lowlands, farmers grow such crops as cotton, fruit, grain, tea, tobacco, and many types of vegetables. Silkworms are raised for the production of natural silk for the clothing industry. Azerbaijan`s herders raise cattle, domestic sheep and goats near the mountain ranges. Seafood, including caviar and fish are obtained from the nearby Caspian Sea. Azerbaijan has a highly dynamic economy, mainly because of oil, and its annual gross domestic product (GDP) growth soared 34.5% to reach $20.6 billion in 2006, making it the fastest growing economy in the world for the second-year straight. GDP per capita rose 33% to make $2,373.] The 2007 GDP growth forecast ranges from 18% to 22%.
