Expert Opinion cdr

Bibliography
• “1.67 Tourists Traveled to Armenia in 2022 – Preliminary Data”. Panarmenian. 2023. 
Retrieved from: https://www.panarmenian.net/eng/news/304767/167_tourists_
traveled_to_Armenia_in_2022_–_preliminary_data
 
• “Armenia Refinancing Rate”. Trading Economics. 2022. Retrieved from:
https://tradingeconomics.com/armenia/interest-rate
 
• “Armenia’s Foreign Trade in January-December 2022 Surged by 68.6% to over $14.1 
billion”. Arka News Agency. 2023. Retrieved from: http://arka.am/en/news/economy/
armenia_s_foreign_trade_in_january_december_2022_surged_by_68_6_to_
over_14_1_billion/
• “Armenian Central Bank Raises Key Rate by 0.25 Percentage Points to 10.75%”. 
Armbanks. 2022. Retrieved from: http://www.armbanks.am/en/2022/12/13/146272/
• “Armenian Dram – Exchange Rates”. 2023. Retrieved from:
https://rate.am/en/armenian-dram-exchange-rates/central-bank-armenia
• “Azerbaijan Interest Rate”. Trading Economics. 2022. Retrieved from:
https://tradingeconomics.com/azerbaijan/interest-rate
 
• “Azerbaijan Records Growth in Tourist Flow to Country”. Trend News Agency. 2023. 
Retrieved from: https://en.trend.az/business/tourism/3698191.html
• “Exchange Rates – Statistical Data”. National Bank of Georgia. Retrieved from:
https://nbg.gov.ge/en/statistics/statistics-data
• “Global Economic Prospects”. A World Bank Group Flagship Report. The World 
Bank. 2023. Retrieved from: https://openknowledge.worldbank.org/bitstream/
handle/10986/38030/GEP-January-2023.pdf?sequence=34&isAllowed=y
 
• 
“Ilham Aliyev Attended Plenary Meeting Held as Part of World Economic Forum”. 
President of the Republic of Azerbaijan. 2023. Retrieved from:
https://president.az/en/articles/view/58664
 
• 
“International Tourism, Number of Arrivals – Azerbaijan”. The World Bank. 2020. 
Retrieved from: https://data.worldbank.org/indicator/ST.INT.ARVL?locations=AZ
• 
“Monetary Policy Decisions”. National Bank of Georgia. 2022. Retrieved from:
https://nbg.gov.ge/en/monetary-policy/committee-decisions
• “Foreign Trade of Georgia 2022, January-September”, Ministry of Economy and 
Sustainable Development of Georgia. 2022. Retrieved from:
https://www.economy.ge/uploads/files/2017/foreign_trade/2022/trade_2022_9_month.pdf
 
• “Number of Inbound Tourist Arrivals for Personal Purposes in Azerbaijan from 2010 
to 2021”. Statista. 2021. Retrieved from: https://www.statista.com/statistics/1015831/
inbound-tourist-arrivals-personal-purposes-azerbaijan/
• “Oil and Gas Transit Statistics”. Georgian Oil and Gas Corporation. 2023. Retrieved from: 
https://www.gogc.ge/en/statistics/years
 

---

18
• “Russia’s War Turns Neighboring Currencies into World’s Best”.