Who Shapes the Region’s Future? The South Caucasus Between Opportunities for Normalization and External Pressures

The South Caucasus is undergoing a major strategic reconfiguration following Azerbaijan’s restoration of sovereignty and the end of the territorial dispute. Despite new diplomatic openings, regional order remains uncertain, shaped by competing external actors, Armenia’s domestic constraints, and unresolved debates over connectivity, governance, and long-term frameworks for sustainable stability and cooperation.

5 Min Read

Facts and Figures

The number of Azerbaijanis living in Switzerland is approximately 700.
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The trade turnover between Azerbaijan and Switzerland in 2024 was roughly CHF 409 million.
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Switzerland is the 4th most significant investor in Azerbaijan.
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Switzerland is Azerbaijan's fourth largest non-oil trading partner with CHF 122 million.
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Switzerland's share in Azerbaijan’s foreign trade has seen a significant surge in the first half of 2025, with bilateral trade volume reaching $377.2 million.
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From January to June 2025, Switzerland accounted for 1.55% of Azerbaijan’s total foreign trade turnover.
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In 2023, Azerbaijan invested 40.7 million US dollars in Switzerland's economy.
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In the first quarter of 2024, Switzerland invested 6.5 million euros in Azerbaijan's economy.
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By the end of 2022, according to the statistics of Swiss nationals living abroad, there were 40 Swiss men and women living in Azerbaijan.
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Azerbaijan's investments in Switzerland exceed $2.2 billion.
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Structural Oil Surplus and Azerbaijan’s Budget Adjustments for 2026

Global oil oversupply, rising U.S. inventories, and weak demand in China and elsewhere are keeping prices below Azerbaijan’s budget assumptions. Forecasts for 2026 show a widening surplus, pressuring revenues. Azerbaijan is responding with a conservative fiscal stance, reduced SOFAZ transfers, stronger non-oil income, and sustained reconstruction spending.

7 Min Read

Azerbaijani Musicology and Cultural Scholarship Presented in Switzerland

A commemorative cultural-academic event in Bern highlighted the Victory Day of Azerbaijan and the 140th anniversary of Üzeyir Hajibeyli, presenting Dr. Elmir Mirzoev’s new monograph. Distinguished guests addressed cultural diplomacy and diaspora engagement, followed by a concert programme celebrating Azerbaijani musical heritage.

5 Min Read

Experts

Geopolitical Analyst
Vusal Guliyev
Senior Research Fellow
Shahla Jalilzade
IT and Digitalization Expert
Jamal Ali
Socio-Political Analytics
Aytan Gahramanova Socio-Political Analytics
Multimedia Artist, Filmmaker, Philosopher
Teymur Daimi
Opinion Writer
Dr. Orkhan Zamanli
Opinion Writer, Historian
Azer Ziyadli
Maryam Gulamova Karabekiroglu Editor in Chief
Senior Research Fellow
Saleh Mehdizade
Senior Research Fellow
Dunya Sakit
Opinion Writer
Alekper Aliyev Writer
Political Analyst
Gadir Aslan
Science Columnist
Yalchin Islamzade Science Columnist
Political Analyst
Rustam Taghizade
Energy Expert
Aytaj Mahammadova

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