Azerbaijan, IMF mull tax cooperation

Azerbaijan, IMF mull tax cooperation Azerbaijan`s deputy tax minister Natig Amirov has met International Monetary Fund`s (IMF) Chief Economist for the Middle East and Central Asia Maria Albino-War to discuss prospects for tax cooperation. Amirov highlighted Azerbaijan`s recent reforms and achievements in the tax sphere. He also stressed the importance of holding joint business meetings. Albino-War hailed IMF`s cooperation with Azerbaijan, improvement of tax administration in... Read More

Eastern Partnership Events Held in Kiev

Eastern Partnership Events Held in Kiev Vugar Bayramov, CESD Chairman, attends Eastern Partnership events in Kiev, Ukraine on April 23-26, 2012.  First event called as implementation of EGP and BAS programmes in the Eastern Partnership Countries. This meeting was taken place on 24 April where mainly EGP and BAS Programmes implementation discussed. Second event was SME Policy Assessment in the Eastern Partnership – Regional workshop. This meeting was  take nplace on 25 April... Read More

ADB Adjusted Economic Growth Forecast for Azerbaijan

ADB Adjusted Economic Growth Forecast for Azerbaijan Asian Development Bank (ADB) adjusted its GDP growth forecast for Azerbaijan from 5,8 % to 4,1 %. The information has been contained in the new report of the Asian Development Bank ‘Asian progress review 2012’ presented in Baku on 24 April. According to the bank’s forecast, the indicator will drop to 3.5% in 2013. “The GDP growth in 2012 will be connected with the growth in oil production (after prophylactics of the... Read More

Inflation rate in Azerbaijan; Forecasting Accuracy Problem

Inflation rate in Azerbaijan; Forecasting Accuracy Problem The Azerbaijani State Statistics Committee has surprisingly adjusted its forecasted inflation rate for 2012 6,0 % to 4,0 % as the committee reported. According to the State Committee, “The macro-economic indices reflecting socio-economic development of the country increased in the first quarter of 2012,” he said. “The amount of pensions and population income increased whilst inflation remained at a minimal... Read More

Decline After Speedy Growth

Decline After Speedy Growth The decline in the oil sector at 9,3% resulted in the fact that economic growth in Azerbaijan has become the worst among CIS in 2011 Low economic growth last year, is uniquely associated with a fall in the oil sector, Center for Economic and Social Development (CESD) reported. “In 2010, Azerbaijan produced 51 million tons of oil. In 2011 this figure fell to 46 million tons. The following year, this figure does down to 42 million tons. If,... Read More

EU issues € 10 mln to support small business in Eastern Partnership states

EU issues € 10 mln to support small business in Eastern Partnership states European Union has allocated € 10 mln to support small business in EBRD’s Eastern Partnership States, bank’s press service reported. This allowance will be spent to financing of 60+ projects within Enterprises Growth Program (EGP) in Azerbaijan, Ukraine, Armenia, Georgia, Belarus and Moldova and 600+ projects within Business Advices Service (BAS). The BAS Programme supports economic transition,... Read More

CESD Seminar on Economic Integration

CESD Seminar on Economic Integration Center for Economic and Social Development (CESD), Azerbaijan is pleased to invite all interested scholars to attend next CESD Seminar on Economic Liberalization and WTO Accession at 6.30 p.m. on May 2nd, 2012 in the CESD office (Dilara Aliyeva 115, Baku). Speaker of next seminar is Sherman Elliott Katz, Senior Advisor of Center for the Study of the Presidency and Congress, USA. Sherman Katz  holds a BA from Amherst College (cum laude, 1965),... Read More

Is Decline in Azerbaijan’s oil output planned step?

Is Decline in Azerbaijan’s oil output planned step? Azeri Government says “yes” A decline in oil production in Azerbaijan is due to change of plans regarding time-frame of development of oil reserves in the country, Azerbaijani State Statistics Committee Chairman Arif Veliyev said on Monday. “The decline in production in Azerbaijan is not associated with a decline in oil reserves level, but with the extension of their development time-frame to get yield for a longer... Read More

Azerbaijan Economy in the first quarter of 2012

Azerbaijan Economy in the first quarter of 2012 Decline wave in production sector keep on the first quarter of 2012 in spite of the fact that Government of Azerbaijan has been trying to attain expansion in above mentioned sector.  Considering keeping still high portion of oil sector in total GDP, decline in oil sector noticeably reduce economic growth rate in Azerbaijan. Oil sector is still dominant in both GDP and budget revenues based on the results of the first quarter of... Read More

Does Nabucco have many uncertainties?

Does Nabucco have many uncertainties? Nabucco gas pipeline project, which is designed to transport gas from the Caspian region and Middle East to the European countries, has many uncertanties, Bloomberg reported with the reference to Hungarian company Mol. “There are “many uncertainties around the Nabucco project that would be hard to ignore,” Mol said. Earlier Hungarian Prime Minister Viktor Orban said that Mol is leaving Nabucco project. “I’m not... Read More