CESD Working Paper: From MDGs to SDGs in Azerbaijan: The Way to Sustainability and Inclusion

CESD Working Paper: From MDGs to SDGs in Azerbaijan: The Way to Sustainability and Inclusion In September 2000, the United Nation Millennium Assembly took place in New York to agree on a set of global goals, the Millennium Development Goals (MDGs). This gathering was the first undertaking to build a global partnership framework, which put the people’s needs at the forefront by ending extreme hunger and poverty, reducing child and maternal deaths, increasing education enrollment... Read More

CESD has become part of the G20 Think Summit

CESD has become part of the G20 Think Summit Center for Economic and Social Development (CESD) has become part of the G20 Think Summit network. CESD is single think tank from the region that contribute to the G20 Think Summit work to provide 20 Global Solutions for the G20. The summit is mandated by the German G20 Presidency. The summit focuses on G20 topics, such as the digital economy, climate policy and finance, or migration and refugees and convey recommendations and visions... Read More

The Silk Road Economic Belt: Implications for Azerbaijan

The Silk Road Economic Belt: Implications for Azerbaijan Friedrich-Ebert-Stiftung with the Levan Mikeladze Foundation organized the conference titled as “The Silk Road Economic Belt: The South Caucasus Perspective” on May 19th, 2017 in Tbilisi, Georgia. The conference discussions were organized on following questions: • Could the Silk Road Economic Belt act as a regional binder, or might it become a regional divider and feed into negative competition? • ... Read More

New Issue of the EaP Think Bridge Released

New Issue of the EaP Think Bridge Released Security remains to be the key for all of the Eastern Partnership countries, without exception. Frozen, simmering and hot conflicts are the distinctive feature of the region as a whole. Download the English version here Download the Russian version here  Read More

Azerbaijani oil output: In permanent decline?

Azerbaijani oil output: In permanent decline? The State Statistics Committee of Azerbaijan has reported that the country produced 12.6 million tons of oil in the first four months of 2017 that was by 9.5% less compared with the period of 2016. Oil stocks as of 1 May 2017 reached 414,700 tons against 629,300 tons by 1 April and 410,200 tons by 1 January 2017. In 2016 the country produced 41.03 million tons of oil that was less than production for 2015 by 1.5%. Last year production... Read More

EBRD forecasts economic downturn in Azerbaijan in 2017

EBRD forecasts economic downturn in Azerbaijan in 2017 Full report is available The European Bank for Reconstruction & Development (EBRD), which published today the Regional Economic Prospects, has reported that in 2017 economic decline in its operations region will be only in Azerbaijan and Belarus. According to the EBRD, this year Azerbaijan’s GDP will decrease by 0.5%, but in 2018 will increase by 2%. At that, in 2017 the EBRD increased its forecast by 1%, compared with... Read More

The Currency Market in Azerbaijan: Realities, Volatility and Perspectives

The Currency Market in Azerbaijan: Realities, Volatility and Perspectives The dollar /manat spot exchange rate specifies how much one currency, the US dollar, is currently worth in terms of the other, the manat . On the first of February 2017, the exchange rate of the national currency of Azerbaijan, the manat, hit a new record low; namely, 1 dollar was exchanged for 1.92 manat. Illegal black markets and psychological factors such as a lack of publicly available information and... Read More

Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth

Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth The execution of the State Oil Fund of Azerbaijan’s (SOFAZ) 2016 budget has been approved. According to a Presidential decree, SOFAZ’s revenue was 9.410 billion manat ($5.881 billion USD) and expenditure was 9.022 billion manat ($5.638 billion USD). Initially, SOFAZ’s revenue for 2016 was forecasted as 4.6 billion manat, while expenditure was expected to be 10.7 billion manat. The latest figures show... Read More

Azerbaijani oil export declined by 4.5 %

Azerbaijani oil export declined by 4.5 % Azerbaijan exported 5 million 374 thousand 87 tons oil through the Baku-Tbilisi-Ceyhan pipeline in the first four months of 2017. Meanwhile, 878 thousand 664 tons oil exported through Supsa and 489 thousand 206 tons by Novorossiyski. It means that Azerbaijan exported 6 million 741 thousand 959 tons oil in the indicated period. According to the SOCAR’s report, Azerbaijan exported 5 million 741 thousand 694 tons oil through the Baku-Tbilisi-Ceyhan... Read More

The CESD Presentation: the State of Azerbaijan’s Economy

The CESD Presentation: the State of Azerbaijan’s Economy The CESD presented new file on the state of Azerbaijan’s economy which covers assessment of the current economy policy; reasons for sharp changes in the monetary policy; has the manat reached market value?; the state of the financial sector; macro-economic forecasts for 2017. Download Full Presentation File Here  Read More