This paper discusses the status of financial inclusion, education, and literacy in Azerbaijan as well as measures to foster the development of SMEs, which currently have inadequate access to financial resources. The primary policy challenge faced by the government of Azerbaijan is defining its...

This paper discusses the status of financial inclusion, education, and literacy in Azerbaijan as well as measures to foster the development of SMEs, which currently have inadequate access to financial resources. The primary policy challenge faced by the government of Azerbaijan is defining its...

Economic cooperation between the West and Azerbaijan is mainly based on the energy sector. Currently, to ensure the consistency of foreign investments and the sustainability of oil and gas revenues, the main task facing the Azerbaijani authorities is to increase the supply of gas to Europe and...

As of June 1, 2023, 24 banks are operating in Azerbaijan, 2 state and 22 commercial banks. Concentration in the banking system is high. One factor determining the increase of concentration on the financial market as a whole and the decrease of competitiveness in the banking market is the...

In 2022, 207.2 million manats were allocated from the state budget to finance international, country-level, and other similar events by the official Baku, and 207 million manats were forecasted for this purpose in the 2023 budget. The practice of financing international events at the expense of...

You may have heard of the term rentier state. It means that state budget of a resource-rich country comprises mostly of oil revenues, not taxpayer money or for-profit companies. The term has been used to describe Arab countries during the oil boom in the 1970s.In a rentier state, the level of...

One of the political effects of natural resource development is an increase in state budget resources directed at modernization. However, in Azerbaijan, infrastructure modernization has taken an odd turn: the government has been funding special interests rather than public needs. Instead of...

Proposed paper focuses on the capability of the higher education systems of the Azerbaijan to serve the purpose of promoting the European values as an integral part of the European Higher Education Area (EHEA). The leading indicators presented in this paper are based on the EHEA criteria grouped...

As a result of the analysis of budget risks and macro-fiscal forecasting, the evaluation of the sustainability of budget revenues, as well as the transparency and efficiency of expenditures, it is clear that the 2020 budget contains at least 20 weak points. The presence of weak points reduces...