Addressing the Dominance of State-Owned Enterprises: Azerbaijan's Path to Economic Reform
Macroeconomy
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This article provides a comparative analysis of the main parameters of the 2025 state budget with those of neighboring countries.
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A recent report from Azerbaijan’s State Tax Service under the Ministry of Finance casts a spotlight on a key inefficiency in the country’s business environment: more than a third of registered commercial facilities are inactive.
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S&P Global Ratings has reaffirmed Azerbaijan's long-term and short-term sovereign credit ratings in foreign and national currency at "BB+/B" with a stable outlook.
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The European Bank for Reconstruction and Development (EBRD) has published its Transition Report for Azerbaijan for 2024-25, noting progress in macroeconomic indicators and the banking sector while pointing out ongoing risks related to the economy's dependency on hydrocarbons and offering a series of recommendations.
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