Azerbaijan: economy trapped to the Caucasus. The next 15 years between the Russian Federation, Turkey and Iran

OECD

Azerbaijan: economy trapped to the Caucasus. The next 15 years between the Russian Federation, Turkey and Iran OECD has published CESD Research Organization for Economic and Cooperation and Development (OECD) has published “Beyond Shifting Wealth: Perspectives on Development Risks and Opportunities from the Global South” Book. CESD Research Team’s article was included to... Read More

Azerbaijan, EU replace Association Agreement with new strategic partnership

EU_Flag

Azerbaijan, EU replace Association Agreement with new strategic partnership The EU and Azerbaijan are currently discussing the possibility of signing an agreement on Strategic Modernisation Partnership, head of the EU delegation in Azerbaijan Malena Mard has told reporters. “This is a volumetric agreement covering cooperation in various spheres of the economy and the rule... Read More

Eastern Partnership Visa Liberalisation Index Is Available

EU_Flag

Eastern Partnership Visa Liberalisation Index Is Available CESD produces monitoring findings of visa facilitation process in Azerbaijan The liberalisation of the European Union visa regime is one of the priorities of the EU Eastern Partnership initiative covering Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Achieving visa-free travel for short-term trips between the... Read More

TAP Defeated Nabuco-West

Baku-oil_site

TAP Defeated Nabuco-West The Shah-Deniz Consortium will announce the decision on the development of a pipeline to transport Shah-Deniz 2 natural gas to Europe on June 28, 2012. The BP-led group developing Azerbaijan’s vast gas reserves has chosen the Trans Adriatic Pipeline (Tap) via Greece to link to Europe, defeating the Nabucco West consortium, which had backed a route... Read More

Banking System in Azerbaijan; On the light of New Transformation

bank

Banking System in Azerbaijan; On the light of New Transformation The paper touches upon three main problems in Azerbaijan banking system, their solving and the estimated direction of its future prospect. The first problem is a trend between incomes coming from the interests of banking credits and compulsory resource allocation and solutions related with this issues; the second... Read More

IFC to issue new loan to AccessBank

money_new

IFC to issue new loan to AccessBank The International Finance Corporation (IFC) plans to consider allocation of a loan in the amount of $15 million to Azerbaijani AccessBank at the Board meeting on November 5, 2012, the IFC said on Tuesday. “The funds are intended to support the development of micro, small and medium enterprises (MSME) in Azerbaijan,” the statement... Read More

Azerbaijan’s trade with CIS countries tops $1.6bn

trade

Azerbaijan’s trade with CIS countries tops $1.6bn In the first half of 2012, Azerbaijan’s trade with CIS countries made $1,657,137,040. According to sources in the State Customs Committee, in the reporting period export to the CIS countries made $537,354,170 and import made $1,119,782,870. Thus, a negative balance of $582,428,500 formed in trade with CIS countries. Azerbaijan’s... Read More

Nabucco Consortium submits new proposal to Shah Deniz II Consortium

nabucco_maps

Nabucco Consortium submits new proposal to Shah Deniz II Consortium The Nabucco Consortium on May 16, 2012 submitted a proposal to the Shah Deniz II Consortium for the construction of a “Nabucco West” pipeline, which would bring Caspian gas from the Bulgarian-Turkish border to Baumgarten and beyond. “We are convinced that we have submitted a competitive and comprehensive proposal... Read More

Should Azerbaijan say “no” to the Nabucco pipeline project?

Nabucco Pipeline

Vugar Bayramov: ‘ It doesn’t seem realistic to find an alternative to the Nabucco project neither in an economic nor political sense.’ The Nabucco gas pipeline agreement will be signed on June 6th. From the report of the Turkish Energy and Natural Resources Minister Taner Yildirim, it is obvious that Azerbaijan will not participate. The minister anounced that, the companies... Read More

CESD concerned over Azeri budget’s reliance on oil revenues. $12.1 billion will be transferred from the Oil Fund to the State Budget in 2011 alone.

energy_17

The amendments and addenda introduced to Azerbaijan’s 2011 budget will increase the reliance of the country’s main financial document on oil revenues the Center for Economic and Social Development (CESD) announced. The CESD indicated that the initial version of the state budget envisioned a 6,8 billion manat ($ 8,6 billion) transfer from the State Oil Fund (SOFAR), which holds Azerbaijan’s... Read More