CESD POLICY PAPER: ENERGY SECURITY AND ENERGY UNION PERSPECTIVES FOR AZERBAIJAN

CESD POLICY PAPER: ENERGY SECURITY AND ENERGY UNION PERSPECTIVES FOR AZERBAIJAN Azerbaijan is a reliable partner in the energy security issue for the oil importer countries. Country has sufficiently traditional energy resources which already invested on this energy sector. However, country geographical location gives opportunity in order to use the alternative and renewable energy resources which helps to keep the balance of the utilization of energy resources. The energy security... Read More

Expert: Lower oil prices on the world market will naturally cause the decline in Azerbaijan’s state revenues

Expert: Lower oil prices on the world market will naturally cause the decline in Azerbaijan’s state revenues Interview with Dr. Vugar Bayramov, Chairman of Center for Economic and Social Development (CESD) – Which nonoil sectors can be developed in Azerbaijan considering the current decline in world oil prices below $50? – Lower oil prices on the world market will naturally cause the decline in Azerbaijan’s state revenues. All the same, the low oil price has a... Read More

Azerbaijani Oil Fund Budget for 2016: Brief Historical Review

Azerbaijani Oil Fund Budget for 2016: Brief Historical Review The draft budget for 2016 of State Oil Fund of Azerbaijan Republic (SOFAZ) has been discussed by the Supervisory Board of the fund. According to the SOFAZ, the fund’s 2016 budget revenues are forecasted as 6.7 billion manta and expenditures at 8.26 billion manat. SOFAZ reported that the Supervisory Board recommended the Fund’s 2016 draft budget, including the major directions of its investment policy and projects... Read More

Azerbaijan’s foreign debt-to-GDP ratio became to double-digit number the first time in the last decade

Azerbaijan’s foreign debt-to-GDP ratio became to double-digit number the first time in the last decade Azerbaijan’s foreign public debt amounted to 7.05 billion manat which accounts for 12.4 percent of the country’s GDP, the Azerbaijani Ministry of Finance has reported. The message said that the statistics on the loans included direct obligations of the state and contingent liabilities on loans under state guarantee. Of the total volume of borrowings, some 8 percent... Read More

(Azerbaijani) Kənd Təsərrüfatı İlində Azərbaycan Respublikasında aqroparkların formalaşdırılması mexanizmləri və fermərlərin prosesdə iştirakçılığının gücləndirilməsi

ISIM_Aqrar_Aqropark_2015ISIM_Aqrar_Aqropark_2015  Read More

Azerbaijan EITI Review was Released

Azerbaijan EITI Review was Released Azerbaijan develops and discloses EITI reports annually since 2004. However it is a first EITI report based on the EITI Standard adopted at Global EITI Conference held in Sydney on May 25, 2013 and in line with a schedule set by the International EITI Board. 2013 EITI report was developed by “Moore Stephens-Azerbaijan” audit firm based on the request of Multi-stakeholder Group (MSG) and covers the fiscal year which ended on December 31,... Read More

Azerbaijani Oil Income Declined by 22.0 % in October

Azerbaijani Oil Income Declined by 22.0 % in October % State Oil Company of Azerbaijan Republic (SOCAR) 1.779 million tons of oil in October against 2.175 million tons in September, 1.211 million tons in August, 1.448 million in July, 2.264 million tons in June (the best index for 2015), 1.69 million tons of oil in May and 2.121 million tons in January. In October the oil was not exported via Baku-Novorossiysk pipeline versus September’s export at the level of 169,775 tons... Read More