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The Azerbaijani government is rapidly changing its course. Following the adoption of the "Joint Declaration on the Establishment of Strategic Partnership between the Republic of Azerbaijan and the Peo...
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Currently, the prevailing trends in the Azerbaijani economy—such as declining foreign currency revenues, increasing imports, underutilization of non-oil export potential, sharp loss of the manat's pur...
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After the devaluations of 2015, double-digit inflation from 2016-2017 was repeated in 2022.
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Against the background of the decrease in oil revenues in Azerbaijan, the increase in regulated and market prices increases expectations regarding the manat's devaluation.
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On July 1, 2024, President Aliyev signed the Law[1] of the Republic of Azerbaijan on Amending the Law of the Republic of Azerbaijan on the State Budget of the Republic of Azerbaijan for 2024.
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The revised state budget expenditures for 2023 amounted to 36 billion 458 million manats against a forecast of 36 billion 624.8 million manats, achieving an execution level of 99.5%. Of every 100 mana...
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The budget "discussions" in the Milli Majlis have ended. On June 14, 2024, at the next meeting of the extraordinary session of the Milli Majlis, the Draft Law[1] on the Execution of the State Budget...
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The challenges faced by Azerbaijan as the host before COP29 show that preparations for this event, especially the organization of logistical issues, the harmonization of the legislative and regulator...
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Fifth difficulty: The level of logistical and accommodation preparation is not sufficient to meet the needs for COP29.
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Third challenge: Adapting the legislative and regulatory framework to COP29 requirements.