CESD Feedback on State Budget of 2014 in Azerbaijan

CESD Feedback on State Budget of 2014 in Azerbaijan Azerbaijani State Budget was approved last week. Based on the predictions of the Ministry of Finance of Azerbaijan Republic for 2014, the income and expenditure of the state budget are more aligned to real economic conditions than recent years’ budgets. The income of state budget has been forecasted around 18 384 million but the expenditures will be 20 063 million manat. It means the state budget will have 1 679 million deficit... Read More

IRAN AND THE WEST: CHANGING RELATIONS?

IRAN AND THE WEST: CHANGING RELATIONS? After reaching an interim nuclear deal with major world powers, Iran’s government is turning its attention to mending strained relations with Western countries.Iran is enthusiastic for the United States and the Europeans to lift harsh economic sanctions near future. In some circles in the political capitals of the Europe, having a close relationship with our southern neighbor are welcomed. Of course the main reason of this observed warmer... Read More

Euro share in Azerbaijani State Oil Fund’s investment portfolio downs

Euro share in Azerbaijani State Oil Fund’s investment portfolio downs The State Oil Fund of Azerbaijan (SOFAZ) will increase shares in the structure of its investment portfolio from the current five to 10 per cent. Azerbaijani President Ilham Aliyev has recently issued a decree approving the main direction of the programme for using SOFAZ funds in 2014. The shares will be increased through decreasing the bonds to 80 per cent, Movsumov said. Today some 85 per cent of the total... Read More

SOCAR acquires majority stake in Greek DESFA

SOCAR acquires majority stake in Greek DESFA Following the results of the international tender announced earlier by the Hellenic Republic, SOCAR together with the Hellenic Republic Assets Development Fund (HRADF) and the ”Petroleum” company signed an agreement on the sale of share package and shareholders agreement to acquire 66 percent share package of the Greek operator of gas transmission company DESFA on December 21. Signed documents will come into force after... Read More

EU Eastern Partners: Comparative Report 2013

EU Eastern Partners: Comparative Report 2013 The Estonian Centre of Eastern Partnership publishes its third Comparative Report about public administration in the EU Eastern Partners. The report examines the progress of public administration reforms towards the European principles of public administration – reliability and predictability, openness and transparency, accountability, and efficiency and effectiveness. The focus is correspondingly laid on the perceived quality of... Read More

CESD Chairman met President of Lithuania

CESD Chairman met President of Lithuania Following the Vilnius Summit, President Dalia Grybauskaitė met civil society representatives from the six Eastern Partnership countries – Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine on November 29, 2013. Vugar Bayramov, chairman of Center for Economic and Social Development (CESD) was invited to meeting with Madam President. The President underlined that the European future of Eastern partners was the shared responsibility... Read More