CESD: IMF’s Forecasts are Unrealistic

CESD: IMF’s Forecasts are Unrealistic The IMF’s more upbeat prognosis of 2012 economic growth was met with skepticism as CESD economists said the fall in oil industry would continue to hamper the country’s growth. International Monetary Fund (IMF) has increased much the forecast of economic growth rate on Azerbaijan stated in its specified World Economic Outlook (WEO), published on October, 09, 2012. The IMF expects that this year Azerbaijan’s GDP will grow by 3.9%... Read More

New Area for Nabucco Project?

New Area for Nabucco Project? The Nabucco Political Committee-Meeting of the Nabucco Ministers of the Transit Countries convening in Vienna, Austria confirmed the full political support for the Nabucco Gas Pipeline Project and for the existing Intergovernmental Agreement giving comfort to investors and producers. Hosted by the Austrian Energy Ministry and attended by the Energy Commissioner Gunther Oettinger, the Bulgarian Prime Minister Boyko Borisov and the Energy Ministers... Read More

Call for Participation; CESD Annual International Conference

Call for Participation; CESD Annual International Conference CESD is pleased to invite all interested scholars to participate at ”Ensuring energy security in the future and NATO role in protection of critical energy infrastructure in the Caspian basin” International Conference organized by the Center for Economic and Social Development (CESD) on November, 21st, 2012 with support of Embassy of Romania in Azerbaijan and NATO. Confirmed participant countries of the conference... Read More

ADB Adjusted GDP Growth Rate for Azerbaijan from 4,1 % to 3,0 %

ADB adjusted GDP Growth Rate for Azerbaijan from 4,1 % to 3,0 % Asian Development Bank (ADB) adjusted GDP Growth Rate for Azerbaijan from 4,1 % to 3,0 % according to updated Asian Development Outlook. In the first half of 2012, GDP grew by 1.5% on an annual basis, up from 0.9% in the same period of 2011 but still anemic, primarily reflecting inefficient oil well operation in Azerbaijan. The continued contraction of oil production has dampened expectations for growth, despite government... Read More

Azerbaijan signs protocol to CE convention on corruption

Azerbaijan signs protocol to CE convention on corruption Azerbaijani Prosecutor General Zakir Garalov attended at a signing ceremony of the Additional Protocol to the “Criminal Law Convention on Corruption” at the Council of Europe headquarters, Strasbourg. Chief of General Prosecutor Office’s Department to Combat Corruption Kamran Aliyev, Assistant of Prosecutor General V. Samadov and Deputy Permanent Representative to the Council of Europe Jalal Mirzayev participated... Read More