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Prior to the decline in global oil prices sinceAzerbaijan's high economic growth was attributable to rising energy exports and to some non-export sectors. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa Pipelines remain the main economic driver, but efforts to boost Azerbaijan's gas production are underway.

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The economic decline was accompanied by higher inflation, a weakened banking sector, and two sharp currency devaluations in Azerbaijan has made limited progress with market-based economic reforms. Pervasive public and private sector corruption and structural economic meet native North Carolina women remain a drag on long-term growth, particularly in non-energy sectors. The government has, however, made efforts to combat corruption, particularly in customs and government services.

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In latethe president approved a strategic roadmap for economic reforms that identified key non-energy segments of the economy for development, such as agriculture, logistics, information technology, and tourism. In Octoberthe long-awaited Baku-Tbilisi-Kars railway, stretching from the Azerbaijani date a fireman Vista to Kars in north-eastern Turkey, began limited service.

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Bahrain has few options for covering these deficits, with low foreign assets and fewer oil resources compared to its GCC neighbors. Other major economic activities are production of aluminum - Bahrain's second biggest export after oil and gas —finance, and construction.