Published in 2022. The paper describes the nature of authoritarian governance in Azerbaijan based on an analysis of a state-owned company- SOCAR.
This paper presents the analysis of profit or loss, assets and liabilities, revenues, and assets for each country, where SOCAR’s joint ventures, associates, and subsidiaries, assessment of long-term borrowings, short-term borrowings, and current portion of long-term borrowings. At the same time, the paper presents a comparative analysis of SOCAR’s payments to the state budget, receipts from the budget, and an analysis of the content and quantitative dimensions of SOCAR’s quasi-fiscal expenditures.
The paper is also devoting assessing SOCAR’s corruption risks based on concrete cases and exposing corruption. The end of the paper summarises the results and findings of the analysis and presents a perspective assessment of SOCAR’s future activities.