New Issue of the EaP Think Bridge Released

eap

New Issue of the EaP Think Bridge Released Security remains to be the key for all of the Eastern Partnership countries, without exception. Frozen, simmering and hot conflicts are the distinctive feature of the region as a whole. Download the English version here Download the Russian version here  Read More

Azerbaijani oil output: In permanent decline?

oil_last

Azerbaijani oil output: In permanent decline? The State Statistics Committee of Azerbaijan has reported that the country produced 12.6 million tons of oil in the first four months of 2017 that was by 9.5% less compared with the period of 2016. Oil stocks as of 1 May 2017 reached 414,700 tons against 629,300 tons by 1 April and 410,200 tons by 1 January 2017. In 2016 the country... Read More

EBRD forecasts economic downturn in Azerbaijan in 2017

EBRD

EBRD forecasts economic downturn in Azerbaijan in 2017 Full report is available The European Bank for Reconstruction & Development (EBRD), which published today the Regional Economic Prospects, has reported that in 2017 economic decline in its operations region will be only in Azerbaijan and Belarus. According to the EBRD, this year Azerbaijan’s GDP will decrease by 0.5%,... Read More

The Currency Market in Azerbaijan: Realities, Volatility and Perspectives

valyuta_deyishme_menteqesi

The Currency Market in Azerbaijan: Realities, Volatility and Perspectives The dollar /manat spot exchange rate specifies how much one currency, the US dollar, is currently worth in terms of the other, the manat . On the first of February 2017, the exchange rate of the national currency of Azerbaijan, the manat, hit a new record low; namely, 1 dollar was exchanged for 1.92 manat.... Read More

Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth

Oil Well Pumps

Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth The execution of the State Oil Fund of Azerbaijan’s (SOFAZ) 2016 budget has been approved. According to a Presidential decree, SOFAZ’s revenue was 9.410 billion manat ($5.881 billion USD) and expenditure was 9.022 billion manat ($5.638 billion USD). Initially, SOFAZ’s revenue for 2016 was forecasted as... Read More

Azerbaijani oil export declined by 4.5 %

oil_fund

Azerbaijani oil export declined by 4.5 % Azerbaijan exported 5 million 374 thousand 87 tons oil through the Baku-Tbilisi-Ceyhan pipeline in the first four months of 2017. Meanwhile, 878 thousand 664 tons oil exported through Supsa and 489 thousand 206 tons by Novorossiyski. It means that Azerbaijan exported 6 million 741 thousand 959 tons oil in the indicated period. According to... Read More

The CESD Presentation: the State of Azerbaijan’s Economy

oil_last

The CESD Presentation: the State of Azerbaijan’s Economy The CESD presented new file on the state of Azerbaijan’s economy which covers assessment of the current economy policy; reasons for sharp changes in the monetary policy; has the manat reached market value?; the state of the financial sector; macro-economic forecasts for 2017. Download Full Presentation File Here  Read More

Despite Market Woes, Oil Supply Cut Extension Still On The Table

OPEC

Despite Market Woes, Oil Supply Cut Extension Still On The Table Vugar Bayramov: “The OPEC-led move to drain the oil glut in global markets failed to bring desired results” Oil producing countries, including those in the Caspian region, are still deliberating whether or not to extend a multilateral agreement reached last year that required cuts to production over the first six... Read More

Azerbaijan Economy in the first quarter of 2017; Brief Overview

internet

Azerbaijan Economy in the first quarter of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first quarter of 2017. Both independent and official reports show that GDP decreased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.9 % in the first quarter of 2017... Read More

Call for Applications: ISET BA and Master’s Degree in Economics

fed-interest-rate

Call for Applications: ISET BA and Master’s Degree in Economics International School of Economics at Tbilisi State University (ISET) offers Master’s Degree Program and BA Program in Economic and it is now open for application! The program is taught in English. Download MA Announcement – Azerbaijan 2017 Magistr elanı Yükləyə Bilər Download BA Announcement –... Read More