Macroeconomy - 2024

On October 23, Azerbaijan Railways (ADY) presented its first international Sustainability Report, prepared in collaboration with Deloitte, highlighting the company's achievements from 2021 to 2023 and...

The negative impacts of Azerbaijan's prolonged border closures, now nearing five years, on the labor market are starkly evident in official statistical figures and data related to self-employment and...

Azerbaijan is divided into 14 economic regions, including the capital city of Baku[1], 67 administrative districts, 11 towns subordinate to the republic, six district-subordinate cities, 12 city distr...

Since March 2020, Azerbaijan's land and sea borders with Russia, Iran, and Georgia have remained closed. Every three months, the special quarantine regime has been extended, and the borders have not r...

Azerbaijan's oil and gas sector accounted for only one-third of the country's gross domestic product (GDP) during January-September, but showed modest growth (close to 1%) due to high global oil price...

Diversification, which has long been crucial for Azerbaijan's economy, is even more relevant in the current situation. However, without a competitive environment, a diversification policy implemented...

In recent years, Azerbaijan has not only lagged behind the European and Central Asian regional indicators in terms of economic growth levels but also fell behind the average GDP growth rate of develop...

Azerbaijan is known worldwide as an oil country, and this is not without reason, as crude oil, petroleum products, and natural gas have constituted at least 90% of the country's exports over the past...

30 years ago, on September 20, 1994, Azerbaijan signed a Production Sharing Agreement (PSA) with foreign companies for the development of the “Azeri-Chirag-Guneshli” (ACG) oil fields located in the Ca...

The State Statistical Committee (SSC) and the State Customs Committee (SCC) have released data on Azerbaijan's economic performance for the January-August period, reaffirming that despite efforts towa...

Hosting COP29 necessitates Azerbaijan to take several steps in the energy sector, environmental protection, and climate finance. Therefore, the Azerbaijani government should establish a National Agend...

For the Azerbaijani government, exporting not only gas to Europe but also "green energy" has become a priority. As a result, Azerbaijan has started to pay special attention to energy production from a...

In conclusion, Azerbaijan is approaching the peak of its natural gas production.

Several key projects have been implemented to create the infrastructure for exporting Azerbaijani gas to the EU market. In early 2007, the Baku-Tbilisi-Erzurum gas pipeline (with an annual capacity of...

Azerbaijan's Shah Deniz and ACG fields, the pillars of the country's remaining hydrocarbon resources, are currently operating at a steady pace.

This article provides a comprehensive analysis of Azerbaijan's energy cooperation with Europe. It covers the supply of fossil fuels (oil and gas) and green energy, examining both retrospective and pro...