Insurance System in Transition; A Case of Azerbaijan

Insurance System in Transition; A Case of Azerbaijan The Center for Economic and Social Development (CESD), with the financial support of the Open Society Institute-Assistance Foundation (“OSIAF”), Azerbaijan, is implementing the following project: “The Multiplying Effect of the Insurance System on Economic and Social Development in Azerbaijan.”  The Center reports that the development of the insurance sector in Azerbaijan, its problems, the application of... Read More

CESD concerned over Azeri export’s reliance on oil revenues

CESD concerned over Azeri export’s reliance on oil revenues Oil, oil products constitute over 91% of Azerbaijan’s export Oil and oil products constituted 91.34% of Azerbaijan’s export by results of January-May, according to CESD sources.  The country’s trade turnover made up $ 14, 1 billion in indicated period.. The surplus was $ 7,1 billion. In the reporting period, crude oil made up 85.91% of export and oil products constituted 5.43%. The share of state sector in export... Read More

Is there green light for Nabucco Pipeline?

Is there green light for Nabucco Pipeline? Minutes from Vugar Bayramov`s Speech Crans Montana Forum Brussels, June 24, 2011 Vugar Bayramov mentioned nthat demand for natural gas will rise from the current level of 500 billion bcm (in 2010) to 620 billion bcm in 2030 In Europe. European production is decreasing rapidly. The natural gas fields off coast of England for example supplied about 110 billion bcm in 2000. By 2020 only 10 billion bcm will be supplied. He said that Nabucco... Read More

22nd Annual Conference on Crans Montana Forum to Start

22nd Annual Crans Montana Forum to Start Vugar Bayramov, Chairman of Center for Economic and Social Development (CESD) will have speech on Energy Security at the Crans Montana Forum in Brussels 22nd Annual Crans Montana Forum titled as “A Major Revolution has started- which world for tomorrow” starts at June 22nd, 2011 in Brussels, Belgium. High level representatives including Azerbaijani President and 11 Azeri state officials will attend the forum. The June 2011... Read More

Azerbaijan’s Foreign Debt Increases

Azerbaijan’s foreign debt is about $ 4 billion and almost $200 million was paid on foreign loans only in the first quarter of 2011. The total foreign debt including private sector’s debt in Azerbaijan is more than $ 10 billion according to the Center for Economic and Social Development (CESD) estimations. Meanwhile, The Central Bank of Azerbaijan confirms that as of 1 April 2011 Azerbaijani borrowers repaid $ 199.9 million on previously-raised loans.  The Central Bank of... Read More

CESD forecasts a slowdown in economic growth in Azerbaijan

The Center for Economic and Social Development (CESD) has adjusted its previous forecast of 3.5% GDP growth in 2011 to 1.8 %. The center also forecasts 3.2 % growth in the non-oil sector while the Azerbaijan government still targets 6.0 % growth in 2011. CESD reports that the inflation rate in Azerbaijan is expected to be 14.0 %, which scheduled only 5.0 % earlier in the year. Meanwhile, The World Bank released its latest “Global Economic Prospects” report, forecasting slower... Read More

Will AGRI be an alternative to Nabucco?

At the ministerial meeting on the Azerbaijan-Georgia-Romania Interconnector (AGRI) project in Bucharest, representatives of Azerbaijan, Georgia, Romania and Hungary expressed their full support to AGRI, which provides the delivery of Caspian gas in liquefied form via the Black Sea coast of Georgia in Eastern Europe. “Representatives of the four countries stood for rapid start of the preparation of the AGRI project’s feasibility study (FS) at the ministerial meeting,”... Read More

“Eastern Partnership after 2 years: achievements and challenges” Conference held in Baku

On May 18th 2011, the National Platform of the EU EaP Civil Society Forum in Azerbaijan held an international conference entitled, “Eastern Partnership after 2 years –achievements and challenges”, with the financial support of the Friedrich Ebert Stiftung Foundation. Experts from Azerbaijan as well as abroad, representatives of state instutions, civil societies and mass media actively participated in the one-day international conference. Vugar Bayramov, National Coordinator... Read More