Think Tanks Forum to start in Egypt

Think Tanks Forum to start in Egypt Egyptian Cabinet Information and Decision Support Center (IDSC) & The Turkish Asian Center for Strategic Studies (TASAM) to organize 4th Think Tanks Forum of the OIC Countries titled “Economic Integration in the OIC Countries: Prospects and Challenges” on March 26-27, 2013. Dr. Vugar Bayramov, chairman of Center for Economic and Social Development (CESD) served as the conference speaker. Dr.Bayramov addressed to economic challenges and... Read More

EU-Azerbaijan relations progress report

EU-Azerbaijan relations progress report In 2012, the macro-economic fundamentals of the Azerbaijani economy remained largely positive but the country is invited to implement comprehensive measures to tackle corruption and to improve the business and investment climate, according to a progress report released by the European Commission as part of the 2013 ENP package, which takes stock of the progress of EU-Azerbaijan relations. Download Full Report Here Report is also available... Read More

World Top Mass-Media Institutions Cite CESD Reports

World Top Mass-Media Institutions Cite CESD Reports Some leading world newspapers have recently distributed article on Azerbaijan economy which titled as “Loose fiscal policy could threaten Azeri economy” where roughly cited CESD reports.  The article addresses CESD reports and macro-economic calculations as the main alternative and independent source in the country. Azerbaijan economy was discussed in the report based on both State Statistic Committee and CESD reports. Download... Read More

Oil Output Dropped by 4,0 % in Azerbaijan

Oil Output Dropped by 4,0 % in Azerbaijan   CESD forecasts decline in oil sector by 5,0 % in 2013 based on its econometric models and PSA matrix Azerbaijan produced 7,2 million tons of oil in January-February , 2013- The State Statistical Committee of Azerbaijan reported.  3,8 million tons were produced in January and 3,4 million tons in February. Oil production has dropped by 300,0 thousand tons or by 4,0 % over the same period of 2012. Meanwhile, State Oil Company of Azerbaijan... Read More

$ 15,7 million lost in monetary reserves of Azerbaijan’s Central Bank

$ 15,7 million lost in monetary reserves of Azerbaijan’s Central Bank Monetary reserves of the Central Bank of Azerbaijan have started to drop in Q1 2013. In January 2013, the Central Bank’s reserves were valued at $11,964 billion. In February, the value of the reserves dropped by $15,7 million to $11,948 billion, as of March 1, 2013. CESD experts believe that the primary reasons for the decreased value of the monetary reserves are two-fold: First, the venture strategy of... Read More

Visa Liberalization Process in EaP Countries

Visa Liberalization Process in EaP Countries CESD is part of visa facilitation process in Eastern Partnership countries Batory Foundation (Poland), Visa Free Europe Coalition together with local partners realized its last quarterly report on visa facilitation. The liberalisation of the European Union visa regime is one of the priorities of the EU Eastern Partnership initiative covering Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Achieving visa-free travel for short-term... Read More

Call for Participation: CESD Training for Trainers

Call for Participation: CESD Training for Trainers Centre for Economic and Social Development (CESD) is pleased to announce Call for Applications for Training of Trainers within the framework of “Piloting the Civic Rural and Urban Involvement in School Budgeting and Spending for Efficient Preschool and Primary School Services” Project financed by European Union in 15-18 April 2013 in Baku, Azerbaijan.   The overall objective of the project is to enhance the scope and promote... Read More

SOCAR Incurs Huge Debt, Raises Questions

SOCAR Incurs Huge Debt, Raises Questions CESD experts question the decision of SOCAR to incur long-term debt by issuing Eurobonds Azeri state energy firm SOCAR plans to issue Eurobonds worth $1 billion for refinancing its existing debt and funding its upstream and downstream operations, a SOCAR official and Moody’s said on March 02, 2013. SOCAR President said the company carried out the first issue of Eurobonds in the amount of $500m in February 2012.  “The profitability... Read More

Azerbaijan to double gas export to Russia

Azerbaijan to double gas export to Russia Azerbaijan plans to supply 3bn cubic meters of natural gas in 2013- the statement came from president of the State Oil Company of Azerbaijan Rovnag Abdullayev. “We have a contract with Gazprom on supplies of 3bn cubic meters of gas a year. In 2012, SOCAR supplied Russia with only 1.5bn cubic meters of gas. This is due to the reduced consumption of gas in summer. As for the increase in the volumes of gas supplies to Russia, we have... Read More