A
A
Red Bridge: Falling oil prices, winners and losers and 'red prices' (video)
How do falling oil prices affect Azerbaijan given the fact that the country’s 2014 state budget was calculated assuming oil price at $100 per barrel? Guests of the “Red Bridge” program are economist Vahagn Khachatryan and Sabit Bagirov, Chairman of Entrepreneurship Development Foundation of Azerbaijan. Sabit Bagirov says his country is losing money as a result of falling oil prices. “However, the decline has not affected the economy yet thanks to Foreign exchange reserves.” Vahagn Khachatryan believes that the decline in oil prices has positive aspects as well. And which is the ‘red price’ that will have a negative impact on importing countries? Watch the program on A1+ at 6 p.m. to know the answer.
