CESD Research Paper: The Current Situation and Problems of State-Owned Enterprises in Azerbaijan

CESD Research Paper: The Current Situation and Problems of State-Owned Enterprises in Azerbaijan

The State-Owned Enterprises of Azerbaijan are involved in the resource sector such as power generation, production of oil and gas, supply of water and airway, railway and freight services as well. Azerbaijani SOEs, such as the State Oil Company of the Azerbaijan Republic (SOCAR), “Azerenerji” and “Azersu” are Closed Joint-Stock Companies that enjoy a monopoly status in their own fields. The majority of the SOEs in Azerbaijan use their granted power to block new firms which are planning to enter the market. State-Owned Entities of the country have access to both financial and material aid. However, in Azerbaijan SOEs are not free from taxes, firms pay the tax burden that is allocated to them.

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