Ukraine vs Poland: A Comparison of GDP and Economic Development (2012)

Investments 10 October, 2013 seen 22,479

Both Ukraine and Poland have experienced significant changes in their economies since the collapse of the Soviet Union.

While both countries were part of the Iron Curtain and had similar population sizes, their economic growth followed different paths.

In 1990, Ukraine had a higher GDP and GDP per capita compared to Poland.

However, over the past two decades, Poland's economy has grown faster, with its GDP and GDP per capita reaching 489.8 billion USD and 12.707 thousand USD respectively in 2012. In contrast, Ukraine's GDP in 2012 was 176.3 billion USD and its GDP per capita was 3.866 thousand USD.

In the 1990s, both Ukraine and Poland underwent significant economic reforms aimed at transforming their economies from centrally planned to market-oriented systems. However, the pace of reform was different in each country. Poland was one of the first post-Soviet countries to undertake market-oriented reforms, and it quickly attracted significant foreign investment, leading to rapid economic growth. On the other hand, Ukraine struggled to implement economic reforms, and its growth was slower.

One of the key factors that contributed to Poland's…

Ilham Aliyev's Re-Election in 2013: A Look Back on Azerbaijan's Presidential Elections

Investments 9 October, 2013 seen 542

The 2013 Presidential elections in Azerbaijan saw the re-election of incumbent President Ilham Aliyev, who secured 84.72% of the vote, according to the Central Election Commission.

President Aliyev's victory was widely expected.

In the years since the 2013 Presidential elections, President Aliyev has continued to lead Azerbaijan, consolidating his power and pursuing a number of major reforms aimed at modernizing the country and strengthening its economy. During his presidency, Azerbaijan has seen significant progress in a number of key areas, including energy security, transportation, and economic development.

Under President Aliyev's leadership, Azerbaijan has become an increasingly important player in the global energy market, leveraging its rich reserves of oil and natural gas to secure long-term energy contracts and investments from countries around the world. At the same time, Azerbaijan has invested heavily in modernizing its transportation infrastructure, including the construction of a new international airport in its capital city of Baku, and the development of a major new transportation hub in the Caspian Sea.

In addition to these reforms,…

Top 20 Largest Economies in the World by GDP Nominal

Investments 9 October, 2013 seen 9,633

The global economy is a complex and dynamic system that is constantly changing. In order to get a better understanding of the world's top economies, it is important to take a look at the latest data and trends. In this article, we will explore the top 20 largest economies in the world by GDP nominal in 2019 and analyze the GDP per capita in the top 10 largest countries by GDP.

According to the World Bank, the top 20 largest economies in the world by GDP nominal in 2019 are as follows:

United States - 21.439 trillion USD China - 14.140 trillion USD Japan - 5.153 trillion USD Germany - 4.170 trillion USD United Kingdom - 2.829 trillion USD India - 2.611 trillion USD France - 2.582 trillion USD Italy - 1.935 trillion USD Brazil - 1.857 trillion USD Russia - 1.639 trillion USD South Korea - 1.639 trillion USD Canada - 1.655 trillion USD Australia - 1.433 trillion USD Spain - 1.166 trillion USD Mexico - 1.145 trillion USD Indonesia - 1.007 trillion USD Netherlands - 876 billion USD Turkey - 787 billion USD Switzerland - 679 billion USD Saudi Arabia - 676 billion USD

When we take a closer look at the top 10 largest countries by GDP, we can see that the United States is…

Azerbaijan's $3 Billion Azerbaijan Tower: The Crown Jewel of the Khazar Islands

Investments 8 October, 2013 seen 2,752

The construction of the Azerbaijan Tower and the Khazar Islands, a $100 billion city of 41 artificial islands in the Caspian Sea, was first planned to begin in 2015 and be completed by 2025.

There is no recent update on the status of the project and whether it has been initiated or not. It's possible that the project has been postponed or even canceled due to various reasons such as funding, economic conditions, or other considerations. It's recommended to check with local sources for the most up-to-date information on the status of the Azerbaijan Tower and the Khazar Islands.

The construction of the Azerbaijan Tower and the Khazar Islands project represents a massive investment for Azerbaijan, with the cost estimated at 100 billion dollars.

This cost is significantly higher than the current Gross Domestic Product (GDP) of Azerbaijan, making it a significant undertaking. The Azerbaijan Tower alone is expected to cost 3 billion dollars, and it will serve as the centerpiece of the Khazar Islands.

The Khazar Islands are planned to be an artificial archipelago spread over 3,000 hectares in the Caspian Sea.

The project aims to provide a city for…

Azerbaijan vs UAE: Comparing the Oil-rich Countries' GDP and Living Standards

Investments 7 October, 2013 seen 1,163

Have you read the recent article on NYTimes about Azerbaijan's ambitious plan to become famous?

Azerbaijan, like UAE, is an oil-rich country with aspirations for growth and development. In this post, we will compare the GDP and living standards of Azerbaijan and UAE to see how they compare.

Using data from the World Bank, we can see that in 2011, the GDP of Azerbaijan was 63.4 billion USD while the GDP of UAE was 360.2 billion USD. The GDP per capita in Azerbaijan was 6.911 thousand USD and in UAE it was 40.363 thousand USD.

It's clear that UAE has a much higher standard of living than Azerbaijan, but Azerbaijan has ambitions to catch up.

In a future blog post, we will examine the oil reserves of each country and explore the possibility of Azerbaijan outperforming UAE. Additionally, we will delve into the distribution of wealth in Azerbaijan and UAE, to understand if the wealth is evenly shared among the citizens or controlled by a few oligarchs. Stay tuned for more insights on Azerbaijan vs UAE comparison.

The State of Ukraine's Economy: A Look Since the Collapse of the Soviet Union

Investments 7 October, 2013 seen 2,818

Ukraine, a country once considered as an integral part of the Soviet Union, has had a checkered economic history since its independence.

Despite being one of the largest economies in Eastern Europe, Ukraine's GDP per capita has always lagged behind Russia, which has been three-four times better in terms of GDP terms per capita. The recent announcement by the World Bank that the forecast for Ukraine's GDP has been cut down to zero this year (2013) has only added to the country's economic woes.

The upcoming Eastern Partnership summit in Vilnius, where the Association Agreement, including its Deep and Comprehensive Free Trade Area, is to be signed, has generated a lot of interest and speculation about the future of Ukraine's economy. Many are hoping that eventual incorporation into EU structures will change the country's economic trajectory for the better.

One of the countries often cited as a positive example is Poland, which has seen significant improvements in its economy and GDP since joining the EU. In the next few posts, I will be comparing Ukraine with Poland to gain a better understanding of the challenges facing Ukraine's economy and what lessons can…

A Look at the 2013 GDP Forecasts for Baltic States and Caucasus

Investments 6 October, 2013 seen 1,490

t is fascinating to compare the economic growth of the Baltic states and Caucasus regions and make predictions on their future growth. The competition between these two regions to achieve a GDP of 100 billion USD is intense. In 2012, the total GDP of the Baltic states was 92.47 billion USD, while that of the Caucasus was 92.94 billion USD, with the latter leading by just 47 million USD. With 2013 already underway, it is interesting to take a look at the forecasts for each country and make predictions for the year.

The European Bank for Reconstruction and Development (EBRD) predicts that Georgia's economy will grow by 3% in 2013, a decrease from the 5% predicted in January and lower than the government's official forecast of 6%. Armenia is expected to have a 5% growth, while Azerbaijan is expected to grow by 5% as well. On the other hand, the growth predictions for the Baltic states are much lower. Estonia is forecasted to have a growth rate of 1%, Latvia 4.1%, and Lithuania 3.5%.

When we perform some simple calculations based on these predictions, we see that the Caucasus region is expected to have a total GDP of 97.27 billion USD, while the Baltic states are…

Simplify Image Uploads on Your Drupal Site with Multiupload Modules

Drupal Development 5 October, 2013 seen 2,082

Do you find uploading images one by one on your Drupal site to be a time-consuming and frustrating task?

If so, the Multiupload Filefield Widget and Multiupload Imagefield Widget modules can provide an efficient solution. These modules are ideal for those who want complete control over their Drupal installation.

To use these modules, follow these steps:

Download both modules from ( and Extract the modules to your sites/modules directory Enable both modules under the admin/modules section in your Drupal site Navigate to the content type for which you want to enable the multi-upload image field (admin/structure/types/manage/your-content-type/fields) Change the widget type from image to Multiupload for the field that is responsible for uploading images Save the new settings

To use the multi-upload feature, go to your content type and add new content. Under the images…

Few shots from Tbilisoba 2013

Living in Georgia 5 October, 2013 seen 2,066

On October 4 - 6, 2013 Tbilisi city festival  named Tbilisoba was celebrated. Here are few shots I captured with my old Sony DSC camera and three years later post-processed using Adobe Lightroom. 

Tbilisoba (Georgian: თბილისობა) is an annual October festival which celebrates the diversity and history of Tbilisi, the capital of Georgia. It was first held on October 28, 1979, and has since become an established tradition. The festival features open-air concerts of traditional music and dancing and various cultural events, centered on Old Tbilisi, the historical part of the city. Beyond celebrating the city's past and present, people from all over Georgia represent their region at the fair of the harvest. Awarding honorary citizenship of Tbilisi by the city government also occurs in the framework of Tbilisoba.

Orchestrate playing at Rike Park

If you are new to Tbilisi - make sure you visit Rike park and The Bridge of Piece

Comparing the Economy of Nordic Countries: 2012 GDP and Per Capita Results

Investments 5 October, 2013 seen 2,550

The Nordic region, consisting of Denmark, Finland, Iceland, Norway, and Sweden, is known for its high standard of living and robust economies. In 2012, these countries combined had a total GDP of 1.603 trillion USD, which is a significant number compared to other regions such as the Baltic states or the Caucasus.

When looking at the GDP of each country, Sweden had the highest with 525.7 billion USD, followed by Norway with 499.7 billion USD, Denmark with 314.2 billion USD, Finland with 250 billion USD, and Iceland with 13.66 billion USD. However, when considering GDP per capita, the picture changes. Norway leads the way with a GDP per capita of 99,550 USD, followed by Denmark with 56, 210 USD, Sweden with 55, 244 USD, Finland with 46, 178 USD, and Iceland with 42, 658 USD.

One reason for Norway's high GDP per capita could be its vast oil reserves. Norway is one of the world's largest exporters of oil and natural gas, which significantly contributes to its economy. In addition to its oil industry, Norway also has a strong shipping industry, fishing industry, and a well-developed tourism sector.

Denmark is another prosperous country in the Nordic region,…