The tectonic plates holding together Azerbaijan’s clanocracy are shifting. Economists say a massive restructuring of the economy is needed to benefit ordinary citizens.
The Caucasus states are now looking on nervously after the assassination of iconic Iranian general and Commander-in-Chief of the elite Quds Forces Qassem Soleimani as a regional war would be devastating
Armenia and Azerbaijan have taken relatively pro-Tehran lines in the new crisis, while Georgia is sticking close by Washington.
As country gears for parliamentary elections, the Pashayevs are in the ascendant, while Nakhichevan rivals are struggling to retain decisive influence. Young technocrats are winning places in the cabinet.
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc