Economy

Hydrocarbon producer Azerbaijan is looking to generate 20 per cent of its electricity from renewable sources by 2020. The target is set in a draft strategy drawn up by Azerbaijan’s State Agency for Alternative and Renewable Energy. According to official statistics, in 2011

Millenium Development Goals was accepted at the Millenium Summit in September 2000, with the participation of 191 nations, who represents a commitment to halve the number of the world’s population living in poverty by 2015. In order to meet the challenges that were stated in the Declaration, a set of …

Fitch Rating has published today its forecasts for the economic situation in Azerbaijan for 2015-17. The report of Fitch’s senior director Paule Gamble says that by the end of 2015 the GDP growth rate is projected to be 2.3%, for 2016 – 2.7%, and for 2017 – 3%. By the …

Abstract Research objective – research theoretical bases formations of system of the local government, definition of efficiency of activity of system of local government, economic bases of economic system of municipalities, increase of a role of local taxes and payments in effective action of local governments and provision of offers …

Abstract Expenditures on health care and education sector constitutes large proportion of government expenditures in almost all countries. So the question arises: Do we really need to spend that much or not? This paper tries to find the effectiveness of public expenditure on two sectors mentioned above. As effectiveness indicator …

Consumer Price Index is one of the main indicators which are used in government’s economic and social policy. At economic policy CPI is mostly used for determination of main direction of monetary policy and price forecasting process as well. At social sphere CPI is widely used for determination of living …

Why alternative approach? This question was answered in early 2000 by local research center working in Poland; in order to maintain the macroeconomic equilibrium. This is important not only for having the credible rate of inflation in the society, but also for adjusting the social and economic policy of the …

Lately, there is a certain word that influences the life of all people and we sound several times a day: Inflation. It diffused into the life of everyone, from ordinary citizens to the entrepreneurs, from the unemployed to high-ranking officials. Now everyone “comes to agreement” with it about the activities …

A company may start operations in Azerbaijan from the moment of state registration. The registration of commercial legal entities is handled by the Ministry of Taxes within 2 business days. Limited liability companies with local investment can be registered online. The Law “On State Registration of Legal Entities and State …

Political and economic stability 2nd fastest growing economy among 179 countries in terms of GDP per capita growth in 2001-2010 (The Economist). In the past 10 years: GDP grew by 3 times, non-oil GDP by 2.5 times, GDP per capita by 2.6 times, strategic currency reserves by 29 times. Foreign …