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

Azerbaijan Economy in the First Eleven Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eleven 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 eleven months in 2016 since CESD calculations found out 4.4 % decline in the economy. According... Read More

FED’s interest rate: Causes and Implications for Azerbaijan

FED’s interest rate: Causes and Implications for Azerbaijan The decision of the The Federal Reserve System (FED) of the USA has been among the most important economic news during the previous week. That is to say, following the long-term expectations, FED raised interest rates by 0.25 percentage points (making it 0.75%) . The decision of FED, which is to pose a serious impact on the future exchange rate of dollar, has been long waited in Azerbaijan as well. Download Full Article... Read More

Vugar Bayramov: “Azerbaijan Will Most Probably Move to Liberal Floating Exchange Regime”

Vugar Bayramov: “Azerbaijan Will Most Probably Move to Liberal Floating Exchange Regime” Next year, the likelihood is high that the Central Bank of Azerbaijan following the example of Russia and Kazakhstan will move to a liberal floating regime of the national currency, Vugar Bayramov, the well-known economist in Azerbaijan, says. Dr. Bayramov underlined that, in this case, even transfers from the Oil Fund will not be able to prevent the depreciation of the manat, the national... Read More

Foreign debt in Azerbaijan: realities and perspectives

Foreign debt in Azerbaijan: realities and perspectives According to the Ministry of Finance of Azerbaijan Republic, the external public debt of the country constituted $ 7,651 billion US (12,402 billion manat) in October 2016. The ministry has reported that the debt to the Gross Domestic Product (GDP) ratio stands at 20.1 percent. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees. The CESD... Read More