Next WTO Accession Negotiations; No Results?

Next WTO Accession Negotiations; No Results? Azerbaijani Delegation on WTO Accession attended in the next working group meeting, as well as in bilateral meetings on goods and services in the framework of the IX round of multilateral talks on Azerbaijan’s membership in the WTO on February 23-24th, 2012 in Geneva, Switzerland. The Ministry of Foreign Affairs announced that bilateral negotiations with the U.S., EU, Norway, Canada, Ecuador and Japan conduced in Geneva. Meanwhile,... Read More

Global crude prices set to soar further

Global crude prices set to soar further Global crude prices are likely to continue their upward movement this week, boosted by a weaker dollar, Iran’s unresolved nuclear issues with the West and supply disruptions in some of the oil producing countries, experts say. Crude prices in London shot up to a near 10-month high on Friday, closing above $125 a barrel after the United Nations nuclear watchdog said Iran had sharply stepped up its controversial uranium enrichment drive. “Supply... Read More

U.S. Department of the Army Appreciates CESD’s Contribution to Global Security Strategy

U.S. Department of the Army Appreciates CESD’s Contribution to Global Security Strategy Mr. Mark P. Hertling, Lieutenant General, U.S. Army commanding officially addressed to the CESD, Azerbaijan to express appreciation of center’s significant contribution to global security strategy. Comprehensive information on United States Army Europe (USAREUR) Campaign Plan and how USAREUR supports U.S. National strategy and European theater security stated in the letter. Lieutenant General,... Read More

Risks for new Energy Crisis Lessened

Risks for new Energy Crisis Lessened Top oil producer increased exports piercingly Top oil producer Saudi Arabia increased exports sharply in the past week and is offering extra supplies to its biggest customers worldwide in what industry sources said appeared to be a bid to tame runaway crude prices, Reuters reported. Saudi exports surged to just over 9 million bpd in the last week, compared to an average of about 7.5 million for January, three industry sources said. “Those... Read More

CESD Chairman Had Speech at Qafqaz University

CESD Chairman Had Speech at Qafqaz University Vugar Bayramov, chairman of CESD, had speech on Management of Oil Revenues in Azerbaijan at Qafqaz University, the top university in Azerbaijan, on February 23, 2012. Vugar Bayramov mentioned that The high inflow of oil revenues to Azerbaijan in recent years has led to large and increases in government expenditures in the state budget and State Oil Fund of the Azerbaijan Republic. Given that oil revenues are exhaustible, volatile,... Read More

CESD Civil Society Development Project Launched

CESD Civil Society Development Project Launched CESD launched new project to support civil society development in Azerbaijan. The main purpose of the project is increase opportunities for CSOs to develop broader and stronger relationships and raise the visibility and profile of the sector as a whole;  develop Azerbaijani CSOs’ capacity and skills to design and develop appropriate capacity assessment and development plans; increase debate, knowledge and understanding of key... Read More

Official Respond; CESD Recommendation on On-Line Visa Will be Approved

Official Respond; CESD Recommendation on On-Line Visa Will be Approved CESD;  other recommendations should be also considered in order to simplify visa regime “A program to issue visas electronically is being drafted. Azerbaijani visas will be issued within the 15 days from on-line submission. In future, however, this period could be reduced,”- Ministry of Culture and Tourism of Azerbaijan Republic based on policy recommendations developed by the Center for Economic... Read More

Nabucco turns to Iraq

Nabucco turns to Iraq Nabucco consortium considers Nothern Iraqi gas as an option to secure future gas supply to Europe, Dow Jones Newswires reported on Wednesday with the reference to the project official representative. “Why shouldn’t we pipe gas from Northern Iraq,” Nabucco Gas Pipeline International GmbH spokesman, Christian Dolezal said. He stressed that Northern Iraq has huge potential as a gas producer. “We should explore that as an option to secure... Read More

Visa Facilitation between EU and Azerbaijan Negotiations Accelerated

Visa Facilitation between EU and Azerbaijan Negotiations Accelerated European Union (EU) already submitted draft document on Visa Facilitation and Readmission to Government of Azerbaijan (GoA) last week- said Vugar Bayramov, co-coordinator of Economic Integration and Convergence Working Group at EU EaP CSF.  He mentioned that negotiations on simplifying visa regime between Azerbaijan and the European Union will be held on March 1-2, 2012. V. Bayramov added that draft document... Read More

SOFAZ’s “Gold Policy”?

SOFAZ’s “Gold Policy”? CESD; “SOFAZ too late with investing in gold” The State Oil Fund of the Azerbaijan Republic (SOFAZ) reported that the fund has started to invest in gold in order to diversify its portfolio and increase revenue. According to the Oil Fund’s Investment Policy, 5% of the investment portfolio’s total value in 2012 can be invested in gold.  To this end, from 1 February 2012, the fund began to purchase gold bullion from market-maker banks... Read More