Baku-Tbilisi-Kars: Regional Implications and Perspectives

Baku-Tbilisi-Kars: Regional Implications and Perspectives The establishment of the Eastern Partnership (EaP) policy as a part of the European Neighborhood Policy (ENP) sets new objectives for the deepening of cooperation between the EU and EaP countries, and the greater integration of the EaP based on shared norms, values and standards. Forming the eastern divide of the ENP, Armenia, Azerbaijan, Belarus, Ukraine, Moldova, and Georgia are considered... Read More

New Debt Policy in Azerbaijan: Hopes, Realities, Risks and Perspectives

New Debt Policy in Azerbaijan: Hopes, Realities, Risks and Perspectives From the second half of 2014, Azerbaijani public debt increased considerably along with several new challenges facing the domestic economy. During this period, the ratio of foreign debt to GDP rose from 8.6% (01.01.2015) to 22.8% (01.06.2018). The increase was 3.4 billion US dollars in nominal terms. At the beginning of 2018, Azerbaijan’s public debt amounted to 10 billion... Read More