Azerbaijan’s journey from an oil-reliant economy to a diversified, sustainable model has been a focal point of global attention, particularly following the successful hosting of COP29 in Baku. The conference, hailed as the “Baku Breakthrough,” highlighted the nation’s ability to balance its historical role as an energy powerhouse with its emerging identity as a champion of green initiatives. Unlike each November, this year we witnessed a number of firsts in Azerbaijan’s annual budget planning. Let us break it down.
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