CESD Policy Report on Tourism Sector in Azerbaijan

CESD Policy Report on Tourism Sector in Azerbaijan In Azerbaijan, 2011 has been declared the “Year of Tourism.”  In comparison with neighboring countries development of tourism in Azerbaijan is very low, though in 1999 principal priorities and goals of the state policy in this sector were determined with the adoption of the law ‘On Tourism’, and one of the important tourism documents – the state program ‘On the development of tourism during 2002- 2005 and 2010-2014’... Read More

Azerbaijan should diversify its economy to secure sustainable development

Azerbaijan should diversify its economy to secure sustainable development To secure sustainable development, Azerbaijan should diversify its economy by developing the non-oil sectors, World Bank (WB) experts said in Baku on August, 10, 2011. The experts see greater perspectives for Azerbaijan in agricultural field. According to WB experts, the country’s education system needs institutional reforms. They said that “the draft law on competitiveness is currently under discussion... Read More

Bids for Azerbaijani Gas

Bids for Azerbaijani Gas State oil company SOCAR has asked for final proposals from the three main pipeline projects bidding to export Azerbaijani gas to Europe.  SOCAR made the request in its capacity as leader of the group negotiating the export of gas produced as part of Stage 2 of the development of the giant Shah Deniz deposit, SOCAR said in a press release. “SOCAR sent the request for information to the groups dealing with the ITGI Poseidon (Interconnector Turkey-Greece-Italy),... Read More

Nabucco gas will flow in 2017

Nabucco gas will flow in 2017 Progress is being made in talks between Nabucco shareholders and potential suppliers of gas to the pipeline, Nabucco’s managing director has said.  “The shareholders are currently undertaking the negotiations with the gas suppliers and progress is being made. Therefore we are confident that the construction will start in 2013 and the first gas will flow in 2017,” Reinhard Mitschek said in a press release on Tuesday.   “The... Read More

Azerbaijan’s Foreign Debts Endanger Its Post-Oil Boom Future

Foreign debt to non-oil GDP ratio reached 29 % in Azerbaijan Azerbaijan’s foreign government debt rises 17% in 2011 Azerbaijan’s foreign government debt made $ 4,512.6 million, up 17% from year earlier as of July 1, 2011. Ministry of Finance announced foreign government debt/GDP ratio makes 8.1%, up 0.7 percentage points, compared to a year ago. Center for Economic and Social Development (CESD) experts mentioned that  in spite of the fact that debt/GDP ratio is low in Azerbaijan,... Read More

Azeri-Turkish gas transit deal may be signed in September, 2011

Azeri-Turkish gas transit deal may be signed in September, 2011 An agreement on the exports of Azerbaijani natural gas through Turkey to Europe may be signed in September, Turkish Ambassador in Baku Hulusi Kilic said Tuesday. Kilic said that during Turkish Prime Minister Recep Tayyip Erdogan’s visit to Azerbaijan last week, the two countries agreed at a meeting of officials of the Azerbaijani state energy firm Socar and the Turkish energy minister to quickly finalize the ongoing... Read More

The End of the Oil Age

The End of the Oil Age Oil Output dropped 5,6 %  in Azerbaijan Oil production in Azerbaijan made up 23,8 million tonnes in the first half of 2011.  It constituted a drop by 1,445,000 tonnes or 5.6% over the same period of the last year, according to the State Statistical Committee of Azerbaijan.  Production made up 4.1m tonnes of crude in January, 3.8m tonnes in February, 4.1m tonnes in March, 3.9m tonnes in April, 4.1m tonnes in May and 3.88m tonnes in June. Gas extraction... Read More

Azerbaijan’s Admission to the WTO before 2013 is not Real

Azerbaijan’s Admission to the WTO before 2013 is not Real “Azerbaijan’s accession to the WTO has more benefit to the country although no any significant steps taken related to the admission process”- said Vugar Bayramov, chairman of Center for Economic and Social Development (CESD), Azerbaijan. He mentioned that no consensus reached in the Geneva talks led by deputy foreign minister Mahmud Mammadguliyev (July 25-29) for a round of bilateral negotiations on the conditions... Read More

Nabucco Pipeline`s Fate Hinges on Azerbaijan

Nabucco Pipeline`s Fate Hinges on Azerbaijan Two decades after Azerbaijan emerged from the Soviet Union and began striking oil deals with Western companies, it faces vital decisions on its plans to exploit another energy resource: natural gas. The fate of the giant Nabucco gas pipeline – a central plank of the European Union strategy to loosen Russia’s grip on Europe’s natural-gas market – hangs on those decisions. Azerbaijan’s oil production is expected... Read More