Economics

Explore the shift in Azerbaijan's Wealth Fund (SOFAZ). With oil revenues at a 15-year low and delayed dividends, the fund pivots to a $23B gold portfolio. Analysis of production declines, real estate stagnation, and the future of the Caspian economy.

Discover how Europe's gas cut-off (2028) makes Azerbaijan a key energy partner and fuels BP’s $2.9B Shah Deniz expansion. Analyze the geopolitical risks.

Georgian prosecutors link the 2023 bridge collapse built by Azerbaijan's Akkord to massive corruption and fraud. Former official Levan Kupatashvili is arrested over faked work certificates and $5.8M state loss. Get the details on the Samtredi-Grigoleti scandal.

Historic: The first 1,000-ton shipment of Kazakh wheat reached Armenia via Azerbaijan after cargo transit restrictions were lifted, a major step enabled by recent peace agreements and Washington accords. This boosts regional cooperation.

Armenia plans to import Russian goods (incl. grain) by rail through Azerbaijan, restarting a route closed since the 90s. This landmark transit, following the removal of Azeri restrictions, is key to boosting regional economic ties, EAEU market access, and strengthening peace between Yerevan and Baku. Applications are open.

Azerbaijan has lifted all restrictions on cargo transit to Armenia. This was announced today by Azerbaijani President Ilham Aliyev in Astana during a press statement with Kazakhstan's President Kassym-Jomart Tokayev.

New data released by the State Statistics Committee (DSK) has highlighted a continued inflationary environment in Azerbaijan, although independent economists claim the real cost of living increase is significantly higher, potentially reaching double-digit figures.

Uncover 3 shocking truths about Azerbaijan's economy: the 5% unemployment rate that masks 20% joblessness, the innovation gap, and its role as a backdoor for Russian oil to the EU.