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 State Oil Fund of the Republic of Azerbaijan (SOFAZ) regularly publishes quarterly and annual statements on revenues, expenditures, and assets. The statements are available to the public. What do they reveal about the Fund's investments and management strategies?In this publication, I would...

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...

The new issue of informational and analytical bulletin “Azerbaijan Economic Trends” has been published, where the dynamics, qualitative changes and tendencies that have taken place in the country's economy during the year 2009 are analyzed.Official statistical data and ERC alternative...

This paper proposes reforms to improve the fiscal the capacity of the municipalities, including amendments of the taxing principle, tax base, and tax collection, as well as modernization of a government subsidy allocation mechanism. The last entails consideration of expenditure needs and the...

The number of NGOs in Azerbaijan is still approximately 3100, of which 80% are registered and roughly 600 are active and visible. The government continues to mistrust NGOs and would like to exert greater control over the sector. Despite the pressures, initiatives of the forces interested in...