Standard & Poors Assesses CIS Economy

Standard & Poors Assesses CIS Economy The forecast of economic growth for the near future for the CIS countries exporting oil is favorable, and growth due to high oil prices to exceed four percent in 2012, said in the report of international rating agency Standard & Poors “Different procurement of natural resources and overall historic heritage determine the rating of the CIS countries “, released on March 22nd, 2012. “Increase of world oil prices over... Read More

1st EU – Eastern Partnership Forum to Start in Georgia

1st EU – Eastern Partnership Forum to Start in Georgia CESD Chairman attends the forum Between 22 and 24 March 2012, the first EU – Eastern Partnership Forum, gathering 120 influential persons from political and business spheres, is to be held in Tbilisi. The event is under the Honorary Patronage of the Prime Minister of Georgia Mr Nika Gilauri. The organizers stated that the launch of the Eastern Partnership (EaP) initiative was an important development demonstrating... Read More

Azerbaijan Economy Since Independence; Independent View

Azerbaijan Economy Since Independence; Independent View Azerbaijan Economy Since Independence; Independent View The CESD report analyzes Azerbaijan Economy since independence which has been through economic crisis, stability, and rapid development. All these steps taken toward development have been remembered ever since for both their uniqueness as well as their conformity to economic realities: firstly, the recession (1992-1995) recovery (1996-1997), boom (1998-2008) and final... Read More

BP: Revised Nabucco project is big step forward

BP: Revised Nabucco project is big step forward The change of Nabucco gas pipeline project’s conception was a big step forward, BP’s Vice President for Shah Deniz Full Field Development Alasdair Cook said in an interview with the Financial Times. “We believe Nabucco West is a much improved offer. We’re really pleased,” Cook said. Nabucco Gas Pipeline International proposed a new conception of the project (Nabucco-West) to the Shah Deniz consortium,... Read More

WB holds consultations in Baku

WB holds consultations in Baku The World Bank (WB) held in Baku on Thursday consultations to prepare for implementation of a second project “Azerbaijan rural investment” (AzRIP). Consultations were held with the participation of head of the working group for the project from the WB, senior social development specialist at the Department of Sustainable Development of Europe and Central Asia, Daniel Owen, AzRIP Director Subhan Asgerov, deputy director of the project... Read More

Azerbaijan GDP in the first 2 months of 2012

Azerbaijan GDP in the first 2 months of 2012 Azerbaijan produced AZN 8 bln-GDP, in January-February, 2012, up 0.5% from year earlier. State Statistical Committee says, during the reporting period, GDP in the non-oil sector grew by 7.1% to 42.6%, while GDP in the oil and gas sector declined by 4.5%.  In this case, 60.5% of GDP have fallen to the share of industry, 2.5% – agriculture, hunting and forestry (an increase of 2.8%), 5% – transport (1.6%), 5% – construction... Read More

Oil Production Down, Revenue Increase

Oil Production Down, Revenue Increase Export of Azerbaijani oil products amounted to 1.4 billion manat in 2011, which is 176.2 million manat more than in 2010. It was stated in a government report on the results of 2011, presented to the Parliament. According to the report, the country exported about two million tons of petroleum products only in 2011. Around 3.69 million tons of oil has been sold on the domestic market of Azerbaijan in 2011, which is 448.3 thousand tons more... Read More

Azerbaijan Addressed to Odessa-Brody pipeline

Azerbaijan Addressed to Odessa-Brody pipeline The member countries of the Odessa-Brody pipeline completed the evaluation of the project on lengthen the pipeline till Gdansk city (Poland). The statement came from Azerbaijani Minister of Industry and Energy Natig Aliyev, APAreports quoting Bloomberg. According to his words, Azerbaijan, Georgia, Ukraine, Lithuania and Poland have completed the feasibility study for a pipeline to transport Caspian oil through Odessa port in direction... Read More

Small and Medium Entrepreneurship in Azerbaijan; Country Assessment

Small and Medium Entrepreneurship in Azerbaijan; Country Assessment Micro and small and medium sized entrepreneurship in Azerbaijan is divided into two groups: individual entrepreneurs (i.e. sole owners of the enterprise without forming a legal entity); and small- and medium-size enterprises (i.e. legal entities). All individual entrepreneurs are legally considered small enterprises by default, whereas those registered as legal entities are classified according to two indicators:... Read More

Ashgabat turns to Trans-Caspian project

Ashgabat turns to Trans-Caspian project Information “on the progress made in Brussels at the tripartite meeting on the Trans-Caspian gas pipeline,” was announced at a regular meeting of the Cabinet of Ministers of Turkmenistan, the Turkmen government said on Saturday. It was also reported that another similar meeting is planned for the next month. “The Turkmen State demonstrates a responsible approach to international cooperation in the energy sector, implementing... Read More