CESD Spring Internship & Traineeship Program: Call for Participation

CESD Spring Internship & Traineeship Program: Call for Participation Center for Economic and Social Development (CESD) announces Internship/Traineeship 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 the... Read More

Azerbaijani Oil Fund`s 2017 Budget with 75.0 % deficit

Azerbaijani Oil Fund`s 2017 Budget with 75.0 % deficit The budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2017 will have a planned deficit of 6.1 billion manat. Meanwhile, expenditures of the Fund will exceed its revenue by 1.73 times. According to the decree on the SOFAZ’s 2017 budget, the fund’s expenditure is 14.5 billion manat ($ 8.2 billion US) and revenue is 8.37 billion manat ($ 4.7 billion US). SOFAZ’s deficit for 2017 is $ 3.5 billion US. Download Full... Read More

Macroeconomic Forecasts for Azerbaijan in 2017: Independent View

Macroeconomic Forecasts for Azerbaijan in 2017: Independent View Without a doubt, 2016 is considered as one of the painful years for the economy of the country. That is to say, the economy of the country encountered nearly 4.0 % decline [during January-November 2016 GDP fell by 3.9% compared with the previous year, SSCRA ], the depreciation of national currency continued, as a result, manat lost its value by 12.5% during the year. The depreciation of national currency reached... Read More

What to expect from the monetary policy of the Central Bank of Azerbaijan?

What to expect from the monetary policy of the Central Bank of Azerbaijan? The Central Bank of the Republic of Azerbaijan has announced that, a tight monetary policy is to be carried on. That is to say, the Central Bank will try to decrease the demand for USD by limiting monetary base. Although the implementation of the contractionary monetary policy since the oil price slump failed to stabilize the exchange rate of manat, the Central Bank does not seem inclined to undertake alternative... Read More