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Economy / Azerbaijan

Banking Sector Praise

July 2008 | Risk Summary
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Azerbaijan staged its first military parade in sixteen years on 26 June. Azerbaijan showcased troops and a plethora of military paraphernalia including troops, multiple rocket launch systems, armoured personnel carries, tanks and unmanned reconnaissance planes through the capital Baku. While much of the equipment was Soviet designed, troops were kitted out in NATO-style uniforms - part of a planned modernisation of the armed forces.