New wave of depreciation of the Azerbaijani national currency; reasons and expectations

New wave of depreciation of the Azerbaijani national currency; reasons and expectations Starting the mid of October 2016, the manat, Azerbaijan currency, has been depreciating against the dollar. The official rate of the manat against the dollar was 1.5969 on October 18 and it was fallen to 1.6381 on October 31, 2016. It means the manat’s official rate depreciated against the dollar by 2.5 % last 2 weeks, however, the real market price of the manat was 1.71 on October 31, 2016.... Read More

The Doing Business report was published

The Doing Business 2017 report was published World Bank has realized he Doing Business report 2017. The report underlines that the report is based on the power of a simple idea: measure and report the actual effect of a government policy. Azerbaijan`s overall standing in the report is 65. Meanwhile, the report has ranked Georgia among top 20 countries with 16th place. Kazakhstan is the best among CIS with 35th seat according to the report. Download Full Report Here  Read More

CESD: IMF’s GDP forecast for Azerbaijan is not realistic

CESD: IMF’s GDP forecast for Azerbaijan is not realistic The International Monetary Fund (IMF) forecasts GDP growth in Azerbaijan in 2017 at the level of 1.4 %. This is stated in the IMF’s November forecast on the economy of the Caucasus and Central Asia. Meanwhile, the International Monetary Fund predicted a fall in GDP of Azerbaijan for 2016 at 2.4%, in 2017 an growth of 1.4 %. According to Fund’s projections, average annual inflation in Azerbaijan in 2016 will... Read More

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

Azerbaijan Economy in the First Nine Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine 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 3.9 % in the first nine months in 2016 since CESD calculations found out 4.3 % decline in the economy. According to... Read More

Another big decline in GDP

Another big decline in GDP Azerbaijani GDP declined by 3.9 % in the first nine months of 2016. According to the State Statistics Committee of Azerbaijan, GDP made 43.436 billion manat ($ 22.861 billion US) in the indicated period. GDP per capita for the first nine months of 2016 was 4. 512 thousand manat ($ 2.837 thousand US). The State Committee has reported that 65.7% of GDP was formed in non-oil sectors, 34.3% in oil and gas sector. The value added rose 5.5% in information... Read More

Azerbaijani Oil Income in September 2016

Azerbaijani Oil Income in September 2016 The State Oil Company of Azerbaijan Republic (SOCAR) reports that oil export fell by 9.4% in September 2016 compared with the previous month. The SOCAR reports that it exported 1.386 million tons of oil against 1.53 million tons in August and 1.924 million tons in July (this year’s best indicator). September’s oil export via Baku-Novorossiysk oil pipeline reached 169,279 tons (versus 169,702 tons in August and 79,992 tons in June),... Read More

World’s Think Tanks Confront Rising Populism and Nationalism at Montreal Summit

World’s Think Tanks Confront Rising Populism and Nationalism at Montreal Summit JEFF STOUB With the United Kingdom facing its imminent Brexit and politicians around the world playing up populism and nationalism that is shaking global institutions and putting trade agreements into question, think tanks are confronting the economic and political fallout. This week’s Global Think Tank Summit, co-hosted by CIGI and the Think Tanks and Civil Societies Program (TTCSP) at the Lauder... Read More