Azerbaijan Economy in the first nine months (January-September) of 2017; Brief Overview

Azerbaijan Economy in the first nine months (January-September) of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.6 % in January-September of 2017 compared with the same period of 2016 since CESD calculations found out... Read More

The National Symposium Held in Baku

The National Symposium Held in Baku On 25 October 2017, Center for Economic and Social Development (CESD) has organized the Final Symposium for the projects funded by the EU Delegation to Azerbaijan and supported by the United Nations Development Programme (UNDP): – Reinforcing the Protection of Rights and Improving the Living Conditions of the Disabled People in Azerbaijan through Civil Society – Media – Government-Private Sector Collaboration – Alliance... Read More

Pension Attainability: Evaluation of the Latest Amendments to the Law on Labor Pensions

Pension Attainability: Evaluation of the Latest Amendments to the Law on Labor Pensions The article reviews the new reforms of the pension system, new changes to the ‘Law on Labour Pensions of the Republic of Azerbaijan’ and its influence on the future of the pension system in the country. The new changes to the law are reviewed in detail, and written in a simple language, which makes it easier for ordinary citizens to understand. Download Full Paper Here  Read More

Oil shock in the Caspian Basin: Diversification policy and subsidized economies

Oil shock in the Caspian Basin: Diversification policy and subsidized economies Well-known “Resources Policy” journal (UK), which indexed by Social Sciences Citation Index, has published the CESD research article The recent oil price shocks of 2014 resulted in a substantial economic slowdown in the oil-exporting countries of the Caspian Basin, namely Russia, Kazakhstan and Azerbaijan. These resource-reliant countries have encountered a contraction not only in the commodity... Read More

Changes to the Oil Fund’s Budget: the impact of increased revenues on government spending

Changes to the Oil Fund’s Budget: the impact of increased revenues on government spending Last week, on October 4 th , the budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for 2017 was changed. It should be noted that earlier on June 30 th , state budget revenues increased by 511 million manat, and expenditures by 1 billion 41 million manat, as amended by the law “On the State Budget of the Republic of Azerbaijan for 2017”. Changes in the... Read More

The Saturday Syndrome: Roots of mistrust toward the exchange rates in Azerbaijan

The Saturday Syndrome: Roots of mistrust toward the exchange rates in Azerbaijan A New Manat depreciation” panic affected everyone in the country, starting from ordinary citizens to the government officials, businessmen and bank managers. The public panic happened despite the fact that around ten days ago, the head of the Central Bank announced “The currency market has been stabilized, manat has found its equilibrium in the market. Download Full Article Here  Read More