Next round negotiations between Azerbaijan and WTO were postponed to the second half of 2017

Next round negotiations between Azerbaijan and WTO were postponed to the second half of 2017 Mahmud Mammadguliyev, chief negotiator on Azerbaijani accession to the WTO and Deputy Foreign Minister, has commented on the next round of talks on WTO accession held in Geneva last July by underling that Azerbaijan’s foreign trade regime was discussed at a meeting of the working group in Geneva. “The meeting was quite active, there were many questions. From US, EU and other... Read More

CESD Chairman: Azerbaijan national currency will continue depreciating against the dollar

CESD Chairman: Azerbaijan national currency will continue depreciating against the dollar In the coming months, the devaluation of the manat will continue, the economist Vugar Bayramov said. In an interview with Turan Bayramov noted that AZN has not found its real exchange rate. Note that in the last two months the dollar in respect to manat has been growing. If on July 1, 2016, the dollar was worth an average of 1.56 manats, in August there is a daily growth of the dollar. Record... Read More

Call for Applications: CESD Fall Internship Program in Azerbaijan Deadline Extended

Call for Applications: CESD Fall Internship Program in Azerbaijan Deadline Extended The Center for Economic & Social Development (CESD) is pleased to announce that the CESD Fall Internship Program deadline has been extended through September 19, 2016. We are now accepting applications for the CESD Fall Internship Program in Azerbaijan. An Internship opportunity for the months of October-November-December 2016 and January 2017. The offer is valid for local and international... Read More

Azerbaijan Economy in the First Seven Months of 2016; Brief Overview

Azerbaijan Economy in the First Seven Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first seven months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.0 % in the first seven months in 2016 since CESD calculations found out 3.7 % decline in the economy. According... Read More

OPEC: Oil output in Azerbaijan will fall by 40,000 bpd in 2017

OPEC: Oil output in Azerbaijan will fall by 40,000 bpd in 2017 According to OPEC’s monthly oil market report has recently published, Azerbaijan’s oil supply is anticipated to average 0.85 million barrels per day (bpd), indicating a decline by 10,000 bpd in output in 2016. OPEC also expects decline in oil production in Azerbaijan by 40,000 bpd in 2017 due to a lack of new project start-ups. June 2016 oil output in Azerbaijan declined by 10,000 bpd compared to May 2016 and... Read More

Currency market in Azerbaijan: Why the national currency is losing its value?

Currency market in Azerbaijan: Why the national currency is losing its value? It has already been three month since the national currency of the Republic of Azerbaijan continuously loses its value. Since the second half of 2014, due to the fall in oil prices on the world markets, the resulting pressure on the national currency – ‘Manat’ is ongoing nowadays. Overall, Manat lost 49.6% of its value in 2015 and in addition, with more 3% depreciation in the first 7 months of... Read More

Azerbaijan’s Accession to the WTO: an end to facile optimism about the membership?

Azerbaijan’s Accession to the WTO: an end to facile optimism about the membership? The World Trade Organization (WTO) believes that Azerbaijan has not passed even a quarter of the way to full membership in the WTO. The World Trade Organization (WTO) believes that Azerbaijan has not passed even a quarter of the way to full membership in the WTO. According to the WTO repots, Azerbaijan is not yet ready for adoption of Draft Accession Package and the Memorandum on the results of... Read More

Call for Applications: CESD Fall Internship Program in Azerbaijan

Call for Applications: CESD Fall Internship Program in Azerbaijan The Center for Economic & Social Development (CESD) is pleased to announce an Internship opportunity for the months of September-October-November-December 2016. The offer is valid for local and international applicants. The internship opportunity will last up to 4 months period with possibility of extension. Requirements: – An academic degree from International or Azerbaijan based educational institutions –... Read More