CESD became official partner of Krynica Economic Forum

CESD became official partner of Krynica Economic Forum Center for Economic and Social Development (CESD) became official partner of Krynica Economic Forum taken place 4-6th, 2012 in Krynica, Poland. CESD is the first and single think tank from the region which became Economic Forum’s official partner. More than 2000 delegates will be able to attend more than 100 panels in Krynica early September. The forum will be able to engage Mikheil Saakashvili – President of Georgia;... Read More

Why bread prices increased in Azerbaijan?

Why bread prices increased ? A slight increase in wheat flour prices was recently fixed during monitoring conducted by the State Service for Antimonopoly Policy and Consumer Protection, the ministry told Trend on Tuesday. “The small increase in flour prices is connected with the recent rise in grain price on the world market,” the ministry said. The monitoring showed no increase in bread prices in enterprises for their production and retail facilities. The service... Read More

Roads in Azerbaijan: the most expensive in the world

Roads in Azerbaijan: the most expensive in the world An average cost of one kilometer of road is about $ 18 million in Azerbaijan- said Vugar Bayramov, the chairman of the Center for Economic and Social Development (CESD), in his interview with newspaper “Echo”. He mentioned that, terms of such spending, Azerbaijan is the leader among the CIS countries, Europe and USA; roads in Azerbaijan are the most expensive in the world. Bayramov’s statement eloquently confirmed... Read More

SOCAR explorates perspective structure in Caspian Sea

SOCAR explorates perspective structure in Caspian Sea The State Oil Company of Azerbaijan (SOCAR) continuous three-dimensional geophysical exploration for Bahar Energy Limited on the area between the Bahar-2 perspective structure and Gum Deniz field in the Azerbaijani sector of the Caspian Sea, source at SOCAR said on Friday. According to him, despite the fact that from time to time it becomes difficult to carry out research due to weather conditions, the work in this project... Read More

New Visions for Hard Times. 22nd Economic Forum in Krynica, Poland

New Visions for Hard Times. 22nd Economic Forum in Krynica, Poland Europe is facing one of the most serious crises in its post-war history. The current model of integration and economic system need substantial reforms. Economic growth or increasing debts – that’s the dilemma that has to be confronted by the European governments and nations. The concept of a secure and prosperous Europe, based on the unity and cooperation of the countries, still seems to be attractive.... Read More

Gold Production Fall in Azerbaijan

Gold Production Fall in Azerbaijan Azerbaijan produced 816.6 kg of gold in January-July, 2012, down 20.6% compared to a year ago. The State Statistical Committee says along with gold, 412.5 kg of silver was produced in Azerbaijan during this period, down 50.5% from a year earlier. As of August 1, 2012, finished good inventory of the gold was 67.6 kg, of silver – 17.2 kg. In general, in January-July of 2012, 1,229.1 kg of precious metal ores and concentrates were produced in... Read More

Is Azerbaijan willing to join to the WTO?

Is Azerbaijan willing to join to the WTO? Azerbaijan continues to negotiate with its partners on the accession to the World Trade Organization (WTO), both on a bilateral and multilateral basis. The statement came from Foreign Ministry spokesman Elman Abdullayev. According to him, the last round of negotiations to this end took place in July this year.  “Azerbaijan, within the negotiations, held discussions with the United States, Canada, Brazil and China, as well as... Read More

Azerbaijani population cuts US dollar purchase

Azerbaijani population cuts US dollar purchase The Central Bank of Azerbaijan has published data on operations with foreign cash in June 2012. According to sources in the Central Bank, in June the population bought $765,656,400 ($842,957,800 in May), GBP 2,265,200 (1,968,900 respectively), EUR 170,412,700 (EUR 169,382,200) and RUR 40,192,100 (30,323,200). The sale of US dollars by the population  in the reporting period made 309,461,500 ($347,696,900 in May), GBP 140,000... Read More

Azeri Oil output

Azeri Oil output During the first half-year of 2012, British BP and its partners produced 16.8 million tons of oil (124.5 million barrels) from the Azeri-Chirag-Guneshli oil and gas fields’ block (ACG), a BP’s official report on the first half-year says on Wednesday. According to the report, average daily oil production on this block of fields hit 684,000 barrels in January-June. In 2011 BP produced about 35.4 million tons, or about 262 million barrels of oil on the... Read More

Share of public sector in exports exceeds 94%

Share of public sector in exports exceeds 94% In January-July 2012, the export-import operations in Azerbaijan involved 6,928 legal entities and individuals. According to the Azerbaijan State Customs Committee (SCC), of them 3,245 are legal entities and 3,683 – individuals. The share of public sector in exports over the past period made 94.54%, or USD 13,314bn, private sector – 4.86% or USD 684,494m, share of individuals – 0.6%, or USD 84,1m. Meanwhile, the... Read More