| Azerbaijan has developed almost unrecognizably in the past five years. The economy has continued to grow at a significant level and, despite various challenges such as the falling of oil prices, the country has demonstrated a remarkable ability to ride any concerns through carefully chosen investments and sensible policies. SOFAZ, the State Oil Fund of Azerbaijan, has widened its investment portfolio while also reducing expenditure.
This is a prudent move bearing in mind that Azerbaijan is still heavily dependent on its income from oil and gas. The Republic is now also an increasingly attractive place for investment and cooperation. While the Final Investment Decision in December 2013 at Shah Deniz II was a monumental moment for Azerbaijan’s economy, it also demonstrated what opportunities are available for foreign investors...............................................Full Article: Source
|