The challenges facing our world, including environmental, technological and demographic changes, plus rapidly changing labor markets, place new demands day...

25 April, 2022 / Toghrul Veliyev

According to Azerbaijani local media , the Central Bank of Azerbaijan (CBA) advises the country’s banks to provide favorable loan...

11 April, 2022 / Rovshan Aghayev

Azerbaijan is an oil-dependent economy. Although exchange rate is fixed with a non-floating exchange rate, due to the oil price...

7 March, 2022 / Hikmat Abdulazizov

In December 2021, the President of Azerbaijan Ilham Aliyev appointed a special representative to the liberated territories of the Karabakh...

10 February, 2022 / Samir Aliyev

You can read the report State Budget for 2022 and Revenues and Expenditures of State Funds Operating Separately from The...

31 January, 2022 / BRI Economic Team

The introduction of a mandatory (or compulsory) health insurance (MHI) mechanism across the Azerbaijan last year was undoubtedly one of...

24 January, 2022 /

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17 January, 2022 / Vusal Guliyev

You can access the ranking by clicking here: Education-Ranking-2022            

3 January, 2022 / BRI Economic Team

In the summer of 2018, the Azerbaijani government applied a new budget rule which introduced some restrictions on the spending...

27 December, 2021 / Rovshan Aghayev

In the second part of 2021, one of the main developments in the world economy was price hikes. The Azerbaijani...

6 December, 2021 / Toghrul Veliyev

Much of the research on income inequality, and livelihood rely on government labor and wage statistics. In emerging economies, a...

19 November, 2021 / Firuza Nahmadova

Inflation is one of the crucial fundamentals of an economy. It is vital to have reliable inflation numbers and their...

20 October, 2021 / Hikmat Abdulazizov

In the absence of effective mechanisms and systems, public procurement becomes a huge source of large-scale corruption. In particular, with...

1 October, 2021 / Rovshan Aghayev

According to Michalski & Stoltz the traditional approach maintains that governments strategically lie to the public about economic information. The...

27 September, 2021 / Hikmat Abdulazizov

The current COVID-19 crisis has led to debates about the problem of unsustainable government deficits and public debt.  Many countries...

13 September, 2021 / Leon Damian

The transition from conventional fuel to renewable energy is already a serious necessity. Climate change and decarbonization targets leave no...

20 August, 2021 / Ingilab Ahmadov

Part 2 – Who Will Leave?   In Part 1[i], we estimated the probability or the label of the promotion...

19 July, 2021 / Hikmat Abdulazizov

This article analyzes the transparency and accountability of Azerbaijan's COVID-19 expenditures. The module on COVID-19 expenditures developed by the creators...

2 July, 2021 / Ingilab Ahmadov

The phased introduction of compulsory medical insurance in Azerbaijan, which began in early 2020, has finally ended: since April 1,...

18 June, 2021 / Azer Mehtiyev

The World Trade Organization (WTO) was created in continuation of the General Agreement on Tariffs and Trade (GATT) to achieve...

24 May, 2021 / Firuza Nahmadova

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

Part 1 – Promotion Nowadays, human resources (HR) analytics are at the center of attention in academic research. With increased...

2 May, 2021 / Hikmat Abdulazizov

An analysis of the long-term trends in the dynamics of the housing stock is interesting in several respects. If the...

1 May, 2021 / Rovshan Aghayev

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

Since the 10 November 2020 ceasefire agreement, Turkey has been showing a growing interest in securing its position in the...

6 April, 2021 / Firuza Nahmadova

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

While Azerbaijan came out of the Second Karabakh War a winner, its Russian neighbor might be pursuing other objectives than...

5 March, 2021 / Firuza Nahmadova

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

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8 January, 2021 / Hikmat Abdulazizov

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

The Caspian region is landlocked although the water basin is called a sea. However, there is no outflow from the...

20 July, 2020 / Agshin Mukhtarov

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

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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

Securing an effective social protection of children under the age of 18 is a strategic task for responsible and accountable...

24 May, 2018 / BRI Economic Team

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