Publications

ETF Country Information Note -- Azerbaijan

In 2004 the European Neighbourhood Policy was launched to spread the benefits of enlargement for political and economic stability in the neighbouring countries including Azerbaijan. Over the last few years Azerbaijan has seen enormous economic growth increases due to oil revenues. Azerbaijan was also better prepared to cope with the global financial crisis as it is less dependent on foreign capital. But the benefits of this growth in terms of employment and economic development outside the energy sector are not yet visible. Massive government investment in the social sector is starting to make an impact, but the country still suffers from uneven regional development, unemployment and underemployment1; there is a problem of equity and access, in particular for young people, to social benefits, including employment.

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