The Economy of Azerbaijan in 2017: Assessment and Recommendations

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The Economy of Azerbaijan in 2017: Assessment and Recommendations The year 2017 posed severe challenges for the economy of Azerbaijan, as it experienced a 3.1% decline in 2016, its first negative GDP growth since 1995. According to initial estimations of EBRD, the economy was expected to experience another negative GDP growth equal to 0.5% in 2017. However, The State Committee of... Read More

Foreign debt of Azerbaijan in 2018: realities and perspectives

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Foreign debt of Azerbaijan in 2018: realities and perspectives Azerbaijani foreign debt reached $9.398 billion USD, or 15.978 billion manat, on January 1st, 2018, according to the Ministry of Finance of the Republic of Azerbaijan. GDP reached 70.135 billion manat in the reporting period, leading the share of foreign debt in Azerbaijani Gross Domestic Production (GDP) to total 22.8%.... Read More

CESD remains the best think tank in the Southern Caucasus and Central Asia

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CESD remains the best think tank in the Southern Caucasus and Central Asia CESD – Center for Economic and Social Development – is the number one think tank in the Southern Caucasus and Central Asia, according to the University of Pennsylvania’s Global Go To Think Tank Index Report 2017. The report was submitted in Washington, DC and New York City, USA, on January 30th, 2018. CESD... Read More

The exchange rate outlook in Azerbaijan in 2018: Expectations and Challenges

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The exchange rate outlook in Azerbaijan in 2018: Expectations and Challenges The exchange rate of the national currency of Azerbaijan, the manat, will remain the main focus of socio-economic policy in 2018. During the course of the year, factors that will have a positive effect on the exchange rate of the manat – the price of oil, balance of payments, fiscal policy, monetary... Read More

Sharp decline in Azerbaijani oil output in 2017

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Sharp decline in Azerbaijani oil output in 2017 38.7 million tons of crude oil and 28.6 billion cubic meters of natural gas were produced in Azerbaijan in 2017, according to the State Oil Company of Azerbaijan Republic (SOCAR). The company produced 7.4 million tons of crude oil and 6.1 billion cubic meters of natural gas in the reporting period. According to the company’s report,... Read More

Oil Becomes More Expensive. Should We Be Happy about That?

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Oil Becomes More Expensive. Should We Be Happy about That? The oil market started in 2018 with a successful “run” to new highs for 2.5 years: according to Bloomberg, last Thursday the price of Brent at the auctions in London exceeded $ 68 per barrel for the first time since May 2015. The American standard WTI went up by 3.9% – to 62.21 dollars per barrel, also... Read More

CESD Research Paper: The Current Situation and Problems of State-Owned Enterprises in Azerbaijan

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CESD Research Paper: The Current Situation and Problems of State-Owned Enterprises in Azerbaijan The State-Owned Enterprises of Azerbaijan are involved in the resource sector such as power generation, production of oil and gas, supply of water and airway, railway and freight services as well. Azerbaijani SOEs, such as the State Oil Company of the Azerbaijan Republic (SOCAR), “Azerenerji”... Read More

The Effect of Oil Price Fluctuations on the Exchange Rate of the National Currency of Azerbaijan: Assessment of the years 2014-2017

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The Effect of Oil Price Fluctuations on the Exchange Rate of the National Currency of Azerbaijan: Assessment of the years 2014-2017 Since the year 2014, falling oil prices continued. In the beginning of 2016, oil prices bottomed at about USD 29 /bbl, but a gradual increase was recorded towards the end of the year. During 2016, an upward trend in oil prices was obvious, despite market... Read More

The 2018 State Budget Project of Azerbaijan: From Consolidation to High Spending?

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The 2018 State Budget Project of Azerbaijan: From Consolidation to High Spending? The legislative project on the state budget of the Republic of Azerbaijan for 2018 and the state and consolidated budget projects of 2018 were publicized on 19th of October, 2017 according to the legislation on the Budget system. The main challenges facing the economy of Azerbaijan is its huge reliance... Read More

A Comparative Study on Development of Small and Medium Enterprises (SMEs) in Azerbaijan

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A Comparative Study on Development of Small and Medium Enterprises (SMEs) in Azerbaijan This research paper explores the role of small- and medium-sized entreprises in the economy of different countries, with a particular focus on Azerbaijan. The purpose of the research is to support and intensify the development of small- and medium-sized businesses in the country by determining... Read More