The Azeri Oil Fund contributes more than half of State Budget Revenues

The Azeri Oil Fund contributes more than half of State Budget Revenues The income of the state budget for the first quarter of 2014 was 4.5 billion. manat ($ 5.74 billion US), the expenditures were 4.4 billion manat ($ 5.6 billion US). Budget surplus was 108,4 mln. manats in the reporting period. The Ministry of Finance reports that 2.34 billion manat($ 3.00 billion US) was transferred to the budget from the State Oil Fund of the Republic of Azerbaijan which is more than 52.0... Read More

Economic realities of the Russian-Ukraine conflict

Economic realities of the Russian-Ukraine conflict Getting into the Crimea, Russia did settle not only “va-bank” in the geopolitical relations with The West but also tried to create new game rules on the economic plane in the region. Of course, Moscow was warned beforehand it would face economic and as well as political sanctions. Though the West repeatedly informed Russia about such issues before the conflict even started Moscow initiated such a risky game because of strategic... Read More

Foreign investments drop by 1.25% in Azerbaijan

Foreign investments drop by 1.25% in Azerbaijan Direct foreign investments in the economy of Azerbaijan declined by 1.25% in March compared to February of the year. The State Customs Committee (SCC) informs that for Jan-Mar 2014 foreign investments made up AZN 1.016 bn that was by 9.96% more against the Jan-Mar 2013 (AZN 924.1 million). Foreign investments totaled AZN 216.455 million in January, AZN 402.378 million in February, and reduced to AZN 397.4 million in March. For comparison,... Read More

Macro-economic figures for the first quarter of 2014

Macro-economic figures for the first quarter of 2014 CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first quarter of year on April 14, 2014. Although, the Government of Azerbaijan (GoA) managed to keep economic growth in the reporting period, but real GDP growth is 2 times lower than the 2014 target. State Statistics Committee reported 2.5 % GDP Growth for the first quarter of 2014. According to the official reports, oil... Read More

Azerbaijan Economic Forecast 2014: Tottering Growth

Azerbaijan Economic Forecast 2014: Tottering Growth The IMF’s more upbeat prognosis of 2014 economic growth was met with skepticism as CESD economists said the fall in oil industry would continue to hamper the country’s growth. The International Monetary Fund (IMF) forecasts Azerbaijan’s GDP to grow by 5 percent in 2014 and by 4.6 percent in 2015. This was noted in IMF’s World Economic Outlook report on the prospects for development of world economy, published... Read More

ISET’s Master’s Degree in Economics in Azerbaijan

ISET’s Master’s Degree in Economics in Azerbaijan The International School of Economics at Tbilisi State University (ISET) accepts applications for its highly-prestigious Master’s Degree Program in Economics. Azerbaijani applicants are offered: • Scholarships, covering the full or partial cost of tuition • Living stipends • Free housing for the entire duration of studies in Tbilisi • Possibility of internships and/or semester abroad in Europe • Summer internships/job... Read More