CESD Internship & Traineship Program: Call for Participation

CESD Internship & Traineship Program: Call for Participation Center for Economic and Social Development announces Internship/Traineship opportunity with further job offer. The offer is valid for local and international applicants. The internship opportunity will last up to 3 (or 6) months period. What You Will Learn/Obtain: – Become ‘work ready’ for research and think tank jobs. – Trained on the research and relevant skills at the first days of... Read More

Azerbaijani Oil Fund’s Revenue was Declined by 2.5 times

Azerbaijani Oil Fund’s Revenue was Declined by 2.5 times Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) reached 5 543.4 mln. manats ($ 5,279 billion US), while budget expenditures constituted 6 397.1 mln. manats ($ 6,093 billion US) in the first 9 months of 2015. Reminded here that Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2014 was 10 131.9 mln. manats ($ 12,989 billion US), while... Read More

Simplification of customs inspections in Azerbaijan

Simplification of customs inspections in Azerbaijan “President of Azerbaijan has taken quite a serious and sensational step. From now on at the entrance to and exit from the country people will not encounter situations that negatively affect their mental state and will be able to easily import needed goods.” Report was told by a member of Committee on Economic Policy of Milli Mejlis, MP Ali Masimli, commenting on the decree of Azerbaijani President Ilham Aliyev on... Read More

Presentation on Energy Union and Energy Security in EaP Countries

Presentation on Energy Union and Energy Security in EaP Countries The Workshop on Energy Union and Energy Security in EaP Countries was organised as part of a joint project within the new EaP CSF re-granting scheme on 20 October 2015. Along with energy experts from EaP countries presented their policy papers and discussed the main findings of the joint project with the EU representatives: Marion Schiller-Probst (DG ENER, European Commission), Natalja Miolato (DG NEAR, European... Read More

IMF forecasts 7.9% inflation rate in Azerbaijan in 2015

IMF forecasts 7.9% inflation rate in Azerbaijan in 2015 The International Monetary Fund (IMF) has published updated World Economic Outlook (WEO), noting that the consumer price index (CPI) in Azerbaijan has medium-term growth trend. According to the WEO, CPI in Azerbaijan will make up 5% in 2015, another 4.2% in 2016 and will rise up to 4.5% in 2020. According to the Fund’s forecasts, by the end of 2015 country’s consumer inflation will total 7.9% (Q4 of 2015 against Q4 of... Read More

New Decline in Azerbaijan Central Bank’s Currency Reserves

New Decline in Azerbaijan Central Bank’s Currency Reserves The Central Bank of Azerbaijan (CBA) has reported that its currency reserves has continued falling in September 2015. The CBA reports that as of October 2015 its currency reserves totaled $7.044 billion US versus $7.315 billion US by September 2015. Reminded here that the currency reserves were $8.501 billion US by August, $8.52 billion US by July, $8.43 billion US by June, $8.397 billion US by May, $9.47 billion US... Read More

Azerbaijani Oil Income in September: Export and Price Increased

Azerbaijani Oil Income in September: Export and Price Increased State Oil Company of Azerbaijan Republic (SOCAR) exported 2 million 175 thousand 801 tons oil in September 2015. SOCAR exported 169 thousand 775 tons of crude oil from Novorossiysk port, 169 thousand 479 tons of crude oil from the Supsa Port, and 1 836 thousand 547 tons of crude oil from the Ceyhan Port in September 2015.In general, 1 100 thousand 446 tons of crude oil were exported from the Novorossiysk Port, 2... Read More