Assessments of the social, economic, and political achievements of the Republic of Azerbaijan, which regained its independence on October 18, 1991, over the past 30 years requires a retrospective approach. Over the past 30 years, our country has taken steps from administrative management to a...

Ministry of Finance announced the Statement on the macro-fiscal framework of the Government of Azerbaijan for 2022-2025 and the preliminary indicators of the consolidated and state budgets for 2022. In this paper, the author doing perspective analyses on macro-fiscal framework and budget policy...

Azerbaijan's government established a national oil fund in 1999 to address the challenges associated with oil-rich countries, such as addressing revenue fluctuations, saving for future generations and investing in development. However, as described in precept 7 of the Natural Resource Charter, a...

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...

The first steps to provide tax, customs, social, utility, and other benefits to private businesses operating in the liberated territories of Karabakh, efforts to create the necessary legal framework were made back in 2021.The basis for forming this preferential policy can be the Decree of...

The World Bank published the document entitled 'Azerbaijan Country Economic Memorandum' in September 2022. Since the memorandum provides a retrospective analysis of the economy of Azerbaijan in the last 30 years and a prospective analysis in the next 30 years, in this article, we review and...

The involvement of private companies in the restoration of the territories of Karabakh liberated from occupation is noticeable not only in terms of transparency and accountability of the process but also scarcity and imperfection of investment attraction mechanisms. In particular, regular calls...

In the context of the development of the non-oil sector in Azerbaijan, agriculture is considered the most promising sector. Although this sector has undergone various stages of development since independence, it still falls short of expectations. Before analyzing the main reasons for this, when...

This paper devoted an assessment of budget parameters for 2023 and an analysis of macroeconomic forecasts in the “Medium-Term Budget Framework for 2022-2025” document. At the same time, we are taking into account the impact of the following factors, such as the decrease in oil revenue, the...

On July 22, 2022, the President of the Republic of Azerbaijan approved the "Strategy for the socio-economic development of the Republic of Azerbaijan for 2022-2026". On August 2, 2022, the Cabinet of Ministers issued an Order to ensure the execution of the Presidential Order. In the article...