Azerbaijan Economy in the First Four Months, 2014; Brief Overview

Azerbaijan Economy in the First Four Months, 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first month of year on May 20, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, oil GDP decreased 3.2 % in the first four months of 2014 since CESD calculations found out 4.1 % decline in the oil sector. By... Read More

Reduced bank deposit rates will not lessen the financial risks in Azerbaijan

Reduced bank deposit rates will not lessen the financial risks in Azerbaijan Azerbaijan Deposit Insurance Fund (ADIF) decreased the maximum insurance rate on household deposits attracted by banks from 9% to 10 % on May 20, 2014. Centre for Economic and Social Development (CESD) announced that this is the second time of reduction in the 9 months- in August last year, the rate decreased from 12 to 10 % at a consistently high percentage of business and banking loans, and particularly... Read More

Azerbaijan Oil Fund Lost $ 2.3 million US in light of the Ukraine Crisis

Azerbaijan Oil Fund Lost $ 2.3 million US in light of the Ukraine Crisis The State Oil Fund of Azerbaijan (SOFAZ) suffered investment losses due to the events that took place in Ukraine. According to SOFAZ, budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) for the period of January-March, 2014 reached 3.005 billion manat ($ 3.85 billion US), while budget expenditures constituted 2.443 billion manat ($ 3.13 billion US) meaning that the budget was implemented with actual... Read More

EBRD: Ukraine crisis will slow down economic growth in Azerbaijan

EBRD: Ukraine crisis will slow down economic growth in Azerbaijan The outlook for growth in Eastern Europe and the Caucasus has worsened considerably in early 2014, amid tensions in Ukraine, according to the EBRD’s latest economic report published on May 14, 2014. In 2014, the crisis in Ukraine, the substantial slowdown in Russia and the rapidly increasing geopolitical risks in the region, as well as the likelihood of negative cross-border economic and financial spill-overs... Read More

Recommendations Package for Improving External Control Over Public Finance

Recommendations Package for Improving External Control Over Public Finance Five Civil Society Organizations in Azerbaijan including CESD have developed recommendations package for improving external control over public finance. The recommendation package has been already submitted the Government of Azerbaijan. The package was developed within the “Effective system of public finances control project” which is funded by the Delegation of the European Union to Azerbaijan. Download... Read More

Azerbaijan’s Energy Strategy: Source for Diversification ?

Azerbaijan’s Energy Strategy: Source for Diversification? Oil and gas as the primary natural hydrocarbons will continue to be the topic of discussion related to the global economy and world politics. As such, the rest of the world sees countries with vast oil and gas re- serves as having a strategic advantage. It is not a surprise that energy expert Daniel Yergin described oil in his book The Prize, the Epic Quest for Oil, Money & Power, as a commodity in unity with national... Read More

CESD Freelance Researchers Group was Established

CESD Freelance Researchers Group was Established The first meeting of the CESD Freelance Researchers Group (CFRG) was taken place at the CESD Training Center on May 06, 2014. It is the first initiative in Azerbaijan to engage outside economists and social work specialists in the research process. The group is consisting of nine researchers including one Baku based European and one American scholars. The main purpose of setting up this group is to benefit capacity of researchers... Read More

Invitation to submit expressions of interest to participate in the sixth annual meeting of the Eastern Partnership Civil Society Forum (Tbilisi, Georgia, 20-21 November 2014)

Invitation to submit expressions of interest to participate in the sixth annual meeting of the Eastern Partnership Civil Society Forum (Tbilisi, Georgia, 20-21 November 2014) The Steering Committee of the EaP Civil Society Forum is now inviting all interested parties to submit expressions of interest to participate in the sixth annual meeting of the Eastern Partnership Civil Society Forum. This year the meeting will take place on 20-21 November in Tbilisi (Georgia). Submission... Read More

Visa Liberalization in EaP Countries

Visa Liberalization in EaP Countries The Visa-free Europe Coalition, where CESD is the part of the team, has published its new quarterly newsletter. The newsletter covers last developments in Eastern Partnership countries. Download Visa_Free_Europe Newsletter Here  Read More

Training on Communication and Outreach for CSOs was Organized in Baku

Training on Communication and Outreach for CSOs was Organized in Baku Center for Economic and Social Development (CESD) organized open training on communication and outreach for CSOs for members of National Platform as well as other Civil Society Organizations’ (CSOs) representatives on April, 26th, 2014 in Baku, Azerbaijan. Representatives from 27 stakeholders mainly CSOs actively participated at the training program. Different training methods including group works were applied... Read More