Azerbaijan in the annual ranking (http://transparency.az/korrupsiya-qavrama-indeksi-2014) Transparency International «Corruption Perceptions Index" ranked 126 out of 175 participants, scored 29 points. Last year, it was on 127 place among 177 participants, which means two steps back.
The study is carried out in the 20 th time and reflects the degree of corruption in the public sector on a scale from 0 (the highest level of perceived corruption) to 100 (lowest). So that the rate of Azerbaijan - far below average. Its neighbors with the same number of points became Togo, Gambia and Honduras.
The first three places in the ranking occupied Denmark (92 points), New Zealand (91) and Finland (89). In the last place is opaque North Korea and Somalia (both 8 points).
Among the countries of the former Soviet Union, Georgia scored the highest score (52), the smallest - Turkmenistan (17 points). Our neighbors from Armenia got 37 points (better than us), Russia - 27 points (worse). Moldova received 35, Belarus - 31, Kazakhstan - 29, Ukraine - 26, Tajikistan - 23, Uzbekistan - 18.
According to the founder of the Center for Economic Research Gubad Ibadoglu, the lack of progress the country's position in the "Corruption Perceptions Index" reflects the negative trends with corruption component. "Recently conducted surveys show that almost 85% of the local population believes that it is corruption - impediment to development. This is most clearly in sight during a flood in 2010, when the government allocated and on paper has mastered over half a billion manats (about $ 1 billion.), After which the active layers of the residents of Sabirabad, Salyan, Neftchala and Saatli using the Staff of civil society "Kura" initiated a series of lawsuits against the Ministry of Emergency Situations and local executive authorities, "- he said.
Over 80% of respondents are in favor of local surveys ratification of Article 20 of the UN Convention on the fight against corruption "illegal enrichment", which provides for the introduction of criminal penalties, if the official could not explain the origin of the money spent on the purchase of their property. --17D-
Economics
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The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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