러시아ㆍ유라시아

Azerbaijan’s economic recovery is strengthening. The recent expansion of gas production and export capacities combined with positive price developments on the commodity markets bode well for the economy.

The authorities undertook important fiscal reforms. Amendments to the tax code aim to simplify the rules, decrease the tax burden, increase taxpayer compliance and support the development of micro, small and medium private sector business, while implementation of the fiscal rule and public debt strategy should support the sustainability of public finances.

Steps were taken to decrease the stock of non-performing loans (NPLs) in the banking sector. The state has funded generous measures that incentivise resolution of overdue individuals’ loans, particularly those affected by the steep devaluation of the manat in 2015. participation.