Oil shock in the Caspian Basin: Diversification policy and subsidized economies

oil_last

Oil shock in the Caspian Basin: Diversification policy and subsidized economies Well-known “Resources Policy” journal (UK), which indexed by Social Sciences Citation Index, has published the CESD research article The recent oil price shocks of 2014 resulted in a substantial economic slowdown in the oil-exporting countries of the Caspian Basin, namely Russia, Kazakhstan and Azerbaijan.... Read More

Changes to the Oil Fund’s Budget: the impact of increased revenues on government spending

oil_fund

Changes to the Oil Fund’s Budget: the impact of increased revenues on government spending Last week, on October 4 th , the budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for 2017 was changed. It should be noted that earlier on June 30 th , state budget revenues increased by 511 million manat, and expenditures by 1 billion 41 million manat, as amended... Read More

The Saturday Syndrome: Roots of mistrust toward the exchange rates in Azerbaijan

valyuta_deyishme_menteqesi

The Saturday Syndrome: Roots of mistrust toward the exchange rates in Azerbaijan A New Manat depreciation” panic affected everyone in the country, starting from ordinary citizens to the government officials, businessmen and bank managers. The public panic happened despite the fact that around ten days ago, the head of the Central Bank announced “The currency market has been... Read More

Azerbaijan Economy in the first eight months (January-August) of 2017; Brief Overview

azerbaijan_economy

Azerbaijan Economy in the first eight months (January-August) of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eight months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 1.1 %... Read More

Analysts Wary Over Issuance Of 200 Manat Banknote, Says Inflation Possible

central_bank_of_azerbaijan

Analysts Wary Over Issuance Of 200 Manat Banknote, Says Inflation Possible Analysts say inflation of manat could come as a result of the new large denomination’s injection into circulation Money is about to grow in Azerbaijan. Alim Guliyev, first Deputy Chairman at the Central Bank of Azerbaijan announced on Tuesday that it may introduce banknotes in denominations of 200 AZN,... Read More

Economic Development and Diversification; A Case of Azerbaijan

Oil Well Pumps

Economic Development and Diversification; A CASE of Azerbaijan CESD has presented its research titled as “Economic Development and Diversification; A CASE of Azerbaijan”. The presentation file is now available. Download Full File Here  Read More

CESD Fall Internship & Traineeship Program: Call for Participation

fed-interest-rate

CESD Fall Internship & Traineeship Program: Call for Participation Center for Economic and Social Development (CESD) announces Internship/Traineeship opportunity with further job offer. The offer is valid for local and international applicants. The internship opportunity will last up to 3 (or 6) months period. What You Will Learn/Obtain: – Become ‘work ready’ for research... Read More

Azerbaijan Economy in the first seven months of 2017; Brief Overview

Oil Well Pumps

Azerbaijan Economy in the first seven months of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first seven months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 1.0 % in January-July... Read More

Azerbaijani Oil Income in August 2017

oil_fund

Azerbaijani Oil Income in August 2017 The State Oil Company of Azerbaijan Republic (SOCAR) reports that the company exported 254,363 thousand tons of crude oil from the Russian port of Novorossiysk and 1,733 million tonnes of crude oil from the Turkish port of Ceyhan in August 2017. Azeri oil price slightly increased in August 2017 compared with the previous month since the price... Read More

CESD Research Paper: International Bank of Azerbaijan: Why the South Caucasus’s largest bank has requested restructuring?

beynelxalq_bank

CESD Research Paper: International Bank of Azerbaijan: Why the South Caucasus’s largest bank has requested restructuring? The devaluation of Azerbaijan’s national currency, the manat, in February 2015, was the culmination of a series of long-term problems found within the “International Bank of Azerbaijan” Open Joint Stock Company (hereafter referred to as IBA). Assets... Read More