Azerbaijani Economy 2018: Results and Perspectives

Azerbaijani Economy 2018: Results and Perspectives Following the recession and stagnation of the economy of Azerbaijan in 2015-2017, a growth of 1.4% was recorded in 2018. Economic growth has been mainly driven by the following factors. Favorable foreign economic environment for Azerbaijan from the context of oil prices: the initial forecast of the oil prices by the Azerbaijani government at the beginning of 2018 was 45 US dollars per barrel. Then,... Read More

Amendments to the 2018 State Budget in Azerbaijan: Back to the oil boom period?

Amendments to the 2018 State Budget in Azerbaijan: Back to the oil boom period? As expected, in the 2nd week of June, the Azerbaijani government started to revise the state budget and make amendments to it. It should be noted that the higher-than-expected prices of hydrocarbon products in global markets have created a basis for the revision of the state budget, a practice frequently seen in the Azerbaijani experience. The main points relevant to public... Read More