Roots of the conflict between Armenia and Azerbaijan over Nagorno-Karabakh reach the times of the USSR or deeper. After the collapse of the Soviet Union hopes for the conflicts resolution were high...Show moreRoots of the conflict between Armenia and Azerbaijan over Nagorno-Karabakh reach the times of the USSR or deeper. After the collapse of the Soviet Union hopes for the conflicts resolution were high; however, after the cease-fire agreement was sign in 1994, the peace-making process seems to reach the stalemate. For over two decades the conflict remains unsettled, often being referred to as ‘frozen’. Nevertheless, this might not be the most accurate term, since the cease-fire agreement is frequently being broken by all of the conflict parties, and causes casualties (72 people killed in 2014). This thesis investigates the peace efforts for possible shortcomings that could curb the conflict settlement, and potential incentives derived from economic and political regimes of the Nagorno-Karabakh Republic that could motivate this de facto state to favour the current status quo.Show less