Inflation comes in higher than expected

Inflation comes in higher than expected “The macroeconomic indicators are positive, and the trend will continue throughout the second half of this year,” Chairman of the Center for Economic and Social Development Vugar Bayramov told local press. “But, a look at specific sectors of the economy shows that there would be a price hike in the consumer market,” the experts said. It is expected that in August and September the prices in the real estate market... Read More

80.0 % of SOFAZ’s total revenue was spent in the half of 2014

80.0 % of SOFAZ’s total revenue was spent in the half of 2014 Total revenue of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was 6.493 billion manat ($ 8.324 billion US) in the half of 2014. SOFAZ’s total spending was 5.163 billion manat ($ 6.619 billion US) in the reporting period. According to the official figures 79.5 % of the SOFAZ revenues was already spent in the first six months of 2014. Revenue of 6.374.8 mln. manat was received from the implementation of... Read More

CESD Vacancy Announcement

CESD Vacancy Announcement Center for Economic and Social Development (CESD) is seeking an energized and experienced professional candidate to serve as a Senior Expert on Economics in a fixed term appointment. The successful candidate will be a holder of a Master Degree or higher qualification in a relevant field such as economics, accounting, public finance, social sciences with at least 2 years of direct relevant technical work experience. In addition, s/he will have expertise... Read More

Azerbaijan Economy in the First Half of 2014; Brief Overview

Azerbaijan Economy in the First Half of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first half of year on July, 15, 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 3.9 % in the first four months of 2014 since CESD calculations found out 4.8 % decline in the oil sector. Because... Read More

The Heart of Asia Process at a Juncture: An Analysis of Impediments to Further Progress

The Heart of Asia Process at a Juncture: An Analysis of Impediments to Further Progress CESD Contributed Azerbaijani Part of the Report Afghan Institute for Strategic Studies developed new policy paper analyzing the Asia Process where Azerbaijan is a part.The complexity of relations among Heart of Asia Process (henceforth HoAP or the Process) participating states, the inner circle, cannot be understated. Brokering discussion on common threats and opportunities pertaining to Afghanistan... Read More