EU boosts support for civil society in the Neighbourhood with extra €45.3 million for 2012-2013

EU boosts support for civil society in the Neighbourhood with extra €45.3 million for 2012-2013 The European Commission today adopted the second phase of the Neighbourhood Civil Society Facility to enhance involvement of civil society organisations in the European Neighbourhood area, with a new budget allocation of €45.3 million for 2012-2013. Announcing the decision, the High Representative for Foreign Affairs and Security Policy Catherine Ashton said: “Civil society... Read More

Azerbaijan approves budget package for 2013

Azerbaijan approved budget package for 2013 During a plenary session on Friday, the Azerbaijani Parliament (Milli Majlis) approved a draft of the state and consolidated budgets for 2013. Azerbaijani Finance Minister Samir Sharifov said at the meeting that after considering a number of deputies’ proposals on the draft budget for next year changes have been made and budget revenues were increased by five million manat to 19.159 billion manat, expenses by 40 million manat to... Read More

SOCAR Oil Output Dropped by 2 %

SOCAR Oil Output Dropped by 2 % The State Oil Company of Azerbaijan produced 6,9 million tons of oil in January-October, 2012. The statement came from CESD sources at SOCAR. Oil output was 706,6 tons in January, 660,9 tons in February, 660,9 tons in March, 684,3 tons in April, 700,9 tons in May, 678,5 tons in June, 700,9 tons in July, 701,8 tons in August, 680,1 tons in September, 705,1 tons in October. SOCAR oil output has dropped by 2% over the same period of the last year.... Read More

Banking System in Azerbaijan; On the light of New Transformation

Banking System in Azerbaijan; On the light of New Transformation The paper touches upon three main problems in Azerbaijan banking system, their solving and the estimated direction of its future prospect. The first problem is a trend between incomes coming from the interests of banking credits and compulsory resource allocation and solutions related with this issues; the second problem is an improvement of banking capital, to bring it more sustainable and take into consideration... Read More

CESD Internship Program 2013 Announced

The Center for Economic and Social Development (CESD, www.cesd.az ), top Azerbaijani independent think tank, is pleased to announce the CESD Summer Internship Program 2013, a one of prestige internship programs in the region. The program is open for both international and local students. Through the program, students will be able to apply for full-time summer internships within one of the many divisions of the CESD.  Internships are available for both undergraduate and graduate... Read More

International Conference on NATO and Energy Security

International Conference on NATO and Energy Security Energy security is becoming a priority of NATO policy at the present stage, and Azerbaijan – one of the most important partners of the Alliance in this area. This is the keynote opened the international conference: “Energy security in the Caspian region and NATO’s role in the protection of critical energy infrastructure.” The event was organized by the Azerbaijan Centre for Economic and... Read More

How much Azerbaijan has natural gas reserves?

How much Azerbaijan has natural gas reserves? The proven oil reserves in Azerbaijan make 2bn tonnes. The predicted reserves are assessed with the same figure. The statement came from first vice president of the State Oil Company of Azerbaijan Khoshbaht Yusifzade. As for natural gas reserves, he noted that considering the Umid and Absheron fields, the proven reserves of natural gas in Azerbaijan make 2,550,000,000,000 cubic meters.  “Considering the reserves of promising... Read More

Commissioner maps out future of Eastern Partnership Civil Society Forum in Stockholm

Commissioner maps out future of Eastern Partnership Civil Society Forum in Stockholm Through the Eastern Partnership, the EU assists the six Eastern European countries in completing transformation towards democracy, providing more support to those who reform more, EU Neighbourhood Policy Commissioner Štefan Füle told the Eastern Partnership Civil Society Forum in Stockholm on November 29th, 2012. The results of this approach are visible, Füle said, in that the countries that... Read More

Azerbaijan Economy in the First Ten Months of 2012

Azerbaijan  Economy in the First Ten Months of 2012 Volume of industrial production was AZN 28.5 billion ($ 36,5 billion) in the first 10 months of 2012 as State Statistic Committee reported. Industrial production decreased by 3,9 % in reporting period compare with the same period of 2011. It was the main reason that Government of Azerbaijan (GoA) has adjusted its previous official forecast of 5.7 % GDP growth in 2012 to 2.5 % right Hence, it seems very hard to achieve economic... Read More

BP prepares plan for oil production from ACG for 2013

BP prepares plan for oil production from ACG for 2013 In continuation of discussions with the State Oil Company of Azerbaijan, BP completed the detailed review of productiveness of the ACG block of fields in Caspian Azeri sector.  The statement is contained in the press release of the BP company. “The aim of the review is the analysis of the plan of production supply for 2013 and revealing the ability to react to technical problems”, the message says    Read More