The sharp drop in world oil prices in March and April 2020 have prompted discussions on the state of the Azerbaijani economy. About the Author: …
Azerbaijan
‘The Empty Bucket of the State Oil Fund of Azerbaijan: Profits and Profiteering’ Report Highlights the Heavy Dependence of the Azerbaijan’s Economy on Volatile Oil Prices
Washington, D.C., Release: March 18, 2020 The new report The Empty Bucket of the State Oil Fund of Azerbaijan: Profits and Profiteering co-authored and produced …
What and Where Azerbaijan Spends on Defense
A hike in oil revenues in 2010-2015 in Azerbaijan coincided with a rapid increase in the country’s spending on its defense sector. However, with no …
Azerbaijan signs international agreements but fails to meet their obligations
The government of Azerbaijan had signed various international conventions and joined different global agreements but still refuses to meet its obligations related to independent civil …
The year of environmental defenders – 2019 in review
Dear friend, As 2019 draws to an end, we celebrate this year’s heroes, environmental defenders—dedicated activists who sacrifice their well-being, and even their lives, to …
Azerbaijan spends unprecedented resources on lobbying
More than $150 billion in oil and gas revenues over the past 10 years created unprecedented opportunities for Azerbaijan to invest into lobbying to hush critical …
Azerbaijan’s 2020 budget remains vulnerable to external jolts
The 2020 draft budget of Azerbaijan shows that while it is possible to increase earnings through the non-oil sector, the government continues to pump oil …
Corrupt and Flashy Events Disguised as Modernization in Azerbaijan
Azerbaijan hosts a number of over-the-top sporting and entertainment events under the disguise of modernization. Instead, the events lead to spiraling corruption and whitewashing the …
SOFAZ consistently loses in the real estate market
The State Oil Fund of Azerbaijan (SOFAZ) invests in luxury real estate abroad, but does not profit from these highly lucrative investments. In this article, …
Azerbaijan scores the worst in the corruption perception index during peak oil years
In the past year, Azerbaijan received very low ratings in Transparency International’s Corruption Perception Index and in the 2018 Open Budget Index. Low ratings harm …