As it was for other sectors of Azerbaijan’s economy, 2020 was full of hardships for the banking sector. On the...
3 May, 2021 / Samir Aliyev
As it was for other sectors of Azerbaijan’s economy, 2020 was full of hardships for the banking sector. On the...
3 May, 2021 / Samir Aliyev
In his book, The Rise and Fall of Nations, Ruchir Sharma, head of emerging markets at Morgan Stanley, a US...
8 April, 2021 / Rovshan Aghayev
It is easy to measure the quantity of housing in Azerbaijan because, according to the reports submitted by various agencies...
22 March, 2021 / Rovshan Aghayev
According to the Labor Code, the minimum wage is a social norm that determines the minimum level of monthly wages...
9 March, 2021 / Farid Mehralizadeh
On February 2, the national priorities for the socio-economic development of Azerbaijan over the next 10 years were set by...
26 February, 2021 / Rovshan Aghayev
In Glattfelder, Dupuis and Olsen (2011) and several previous articles, it has been shown that there is a shortage of...
8 February, 2021 / Hikmat Abdulazizov
The global pandemic declared by the World Health Organization in March 2020 in response to the COVID-19 virus, which spread...
28 January, 2021 / BRI Economic Team
The year 2020 has already entered history as a year of a global pandemic, almost half of which was spent...
24 December, 2020 / Rovshan Aghayev
Among economists, it is common practice to compare and contrast economic crises, and to try to ascertain root causes and...
1 December, 2020 / Leon Damian
Housing affordability is viewed by many as a way of assessing the socioeconomic stability of a country. Housing being one...
23 November, 2020 / Firuza Nahmadova
President Aliyev's instructions to the heads of local executive authorities to attract investors to the provinces at any cost are...
7 November, 2020 / Rovshan Aghayev
The modern era of Azerbaijan-China relations began with the People’s Republic of China’s recognition of Azerbaijan’s independence on December 27,...
22 September, 2020 / Shahin Jafarli
In Azerbaijan, the exchange rate follows a fixed exchange rate regime. Moreover, Azerbaijan is a heavily oil-dependent country. That is...
1 September, 2020 / Hikmat Abdulazizov
In 2008 when the financial crisis hit the USA and sent shock waves around the world, most major countries began...
23 August, 2020 / Leon Damian
At an online meeting on August 6 between President Ilham Aliyev and several ministers on the socio-economic situation and the...
21 August, 2020 / Samir Aliyev
In 2012, the development concept "Azerbaijan 2020: A Vision of the Future" was ratified. In terms of economic development 8...
16 August, 2020 / BRI Economic Team
In a period of economic stagnation in Azerbaijan, a discussion has been growing around the issue of privatization. Amidst the...
6 August, 2020 / Farid Mehralizadeh
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24 July, 2020 / Hikmat Abdulazizov
In Azerbaijan, over the past 15 years, a total of more than 80 billion USD has been spent on social...
20 June, 2020 / Ingilab Ahmadov
In this paper, we will investigate the relationship between public debt and primary government surplus in Turkey from 1988 to...
5 June, 2020 / Hikmat Abdulazizov
The decision of the Central Bank to close 4 banks raised again the issue of the shortcomings in the deposit...
25 May, 2020 / Samir Aliyev
We are entering a new era, the details of which we can not yet fully imagine. But it seems clear...
22 May, 2020 / Ingilab Ahmadov
In the financial econometric literature there is significant evidence that stock market returns are, to a certain degree, predictable. The...
20 May, 2020 / Hikmat Abdulazizov
Sorry, this entry is only available in Azerbaijani.
26 April, 2020 / Hikmat Abdulazizov
In a previous article, I analyzed the state of households. The main conclusion was that households had greater immunity in...
23 April, 2020 / Rovshan Aghayev
The Caspian Sea is a water basin located in the heart of Central Asia, neighboring natural resource-rich countries. The existing...
14 April, 2020 / Agshin Mukhtarov
The catastrophic disruption of the global economy brought about by the COVID-19 pandemic has caused an earthquake in world oil...
11 April, 2020 / Rovshan Aghayev
Recently, in economic discussions, one of the topics that government officials have been most concerned about is the increase in...
2 April, 2020 / Farid Mehralizadeh
In 2019-2020, more than 250 amendments were made to the Tax Code. These changes have been particularly significant in reducing...
12 March, 2020 / BRI Economic Team
In the contemporary industrialized world, crude oil is still essential for economic development. Yet countries are affected by fluctuations in...
9 March, 2020 / Farid Zulfugarli
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11 February, 2020 / Rovshan Aghayev
It is known that macroeconomic data in Azerbaijan has its own characteristics, reliability being the most important. By that I...
13 January, 2020 / Hikmat Abdulazizov
Sorry, this entry is only available in Azerbaijani.
29 December, 2019 / Rovshan Aghayev
The Azerbaijani parliament has essentially finished discussing the 2020 budget - the next two sessions are formalities. For many years,...
19 November, 2019 / Rovshan Aghayev
It is two months until the end of 2019. In order to estimate the results expected at the end of...
14 November, 2019 / BRI Economic Team
The official statistical agency of Azerbaijan is perhaps one of the few such agencies in the world that produces and...
3 October, 2019 / Rovshan Aghayev
After the collapse of the USSR, Caspian hydrocarbon resources began to be exploited independently by the states along its coasts....
23 September, 2019 / Shahin Jafarli
For the last 20 years, the Azerbaijani capital, Baku, has been experiencing continuous demolitions, constructions, and excavations. While some residents...
9 September, 2019 / Samir Aliyev
The "golden decade" of oil wealth in Azerbaijan (2005-2015) was also marked by the rapid growth of the country's automotive...
30 August, 2019 / Rovshan Aghayev
The issue of high annual interest rates is currently a hot topic. When this problem is raised, mutual accusations begin,...
23 July, 2019 / Samir Aliyev
On June 18, Azerbaijan’s president issued 17 different orders increasing salaries. One of those orders is related to an increase...
8 July, 2019 / Rovshan Aghayev
We definitely live in the anthropocene. That is to say that due to steady economic growth, nature is subject to...
11 June, 2019 / Ilaha Abasli
The topic of reform has been a theme of official propaganda for the last four years. It seems that it...
3 June, 2019 / Rovshan Aghayev
In order to create favorable conditions for economic development and to ensure dynamic development in Azerbaijan, structural reforms are very...
13 May, 2019 / Farid Mehralizadeh
The 2018 United Nations Human Development Report can be viewed as a source that everyone can reference with pride. According...
7 May, 2019 / Rovshan Aghayev
Periodically in the international press, there are heated debates about international currency wars. Countries accuse one another of stimulating exports...
2 May, 2019 / Samir Aliyev
Excluding natural resources, tourism is at the top of the list of the priority sectors selected by the Azerbaijani government....
25 April, 2019 / Rovshan Aghayev
2018 ECONOMIC OUTCOMES (macroeconomic, monetary, and financial results) Introduction In 2015-2016, Azerbaijan faced a deep economic crisis brought on...
25 February, 2019 / BRI Economic Team
Azerbaijan’s Foreign Economic Relations in 2018 (January-September) Contents 1. Amendments to Legislation on Foreign Economic Relations 2. Structure...
29 January, 2019 / BRI Economic Team
Azerbaijani Banks in 2018 (from January through September) Contents Introduction Changes in banking legislation Banks and concentration...
7 January, 2019 / BRI Economic Team
Sorry, this entry is only available in Azerbaijani.
21 December, 2018 / Rovshan Aghayev
1.The survey objective and scope It is crucial to study business expectations in terms of assessing the business environment in...
13 November, 2018 / BRI Economic Team
It is of particular importance for Azerbaijan, seeking to reduce reliance on oil and gas revenues by diversifying its economy...
23 October, 2018 / Azer Mehtiyev
The service sector is usually ignored during the public debate on how to reduce Azerbaijan’s excessive reliance on resource revenues....
3 September, 2018 / Rovshan Aghayev
In 41 years, starting from 1964, the remittances from Germany to Turkey amounted to approximately 53 billion U.S. dollars, more...
16 August, 2018 / Hikmat Abdulazizov
Table of Contents INTRODUCTION ...
14 August, 2018 / BRI Economic Team
Capital movements: legal and illegal channels From the experience of different countries, capital outflows occur in 2 ways: through...
26 June, 2018 / BRI Economic Team
The devaluation that took place in 2015 has created a number of problems not only for the the banking sector,...
2 June, 2018 / Samir Aliyev
Although the title sounds strange, according to official statistics, the poor population in Azerbaijan receive a greater share of income...
23 May, 2018 / Rovshan Aghayev
While the history of Azerbaijan's gaining extensive resource revenues is relatively short (less than 10 years), this timeframe was sufficient...
21 May, 2018 / BRI Economic Team
A retrospective view on the banking sector for the past five years Oil prices decline in global commodity markets...
2 May, 2018 / BRI Economic Team
The official statistics has to be reliable; otherwise economic decisions cannot meet either present or long-term goals. For example, if...
2 May, 2018 / Rovshan Aghayev
Changes in household savings, and in nominal and real income In assessing real changes in standards of living, it is...
1 May, 2018 / BRI Economic Team
The Open Budget Survey 2017 full report that includes 115 countries across the world was released at the end of...
1 May, 2018 / Azer Mehtiyev
A minimum wage is the minimum amount of remuneration that an employer is required to pay wage earners. In other...
30 April, 2018 / Samir Aliyev
One of the important conditions for sustainable and balanced development is interregional economic balance. However, this cannot be applied to...
25 April, 2018 / BRI Economic Team
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