CESD remains the best think tank in the Southern Caucasus and Central Asia

CESD remains the best think tank in the Southern Caucasus and Central Asia CESD – Center for Economic and Social Development – is the number one think tank in the Southern Caucasus and Central Asia, according to the University of Pennsylvania’s Global Go To Think Tank Index Report 2017. The report was submitted in Washington, DC and New York City, USA, on January 30th, 2018. CESD also has the privilege of ranking fourth in the ‘top think tanks with annual budget less than... Read More

The exchange rate outlook in Azerbaijan in 2018: Expectations and Challenges

The exchange rate outlook in Azerbaijan in 2018: Expectations and Challenges The exchange rate of the national currency of Azerbaijan, the manat, will remain the main focus of socio-economic policy in 2018. During the course of the year, factors that will have a positive effect on the exchange rate of the manat – the price of oil, balance of payments, fiscal policy, monetary policy, political environment, etc. – will be stronger. In the course of this forecast’s preparation,... Read More

Sharp decline in Azerbaijani oil output in 2017

Sharp decline in Azerbaijani oil output in 2017 38.7 million tons of crude oil and 28.6 billion cubic meters of natural gas were produced in Azerbaijan in 2017, according to the State Oil Company of Azerbaijan Republic (SOCAR). The company produced 7.4 million tons of crude oil and 6.1 billion cubic meters of natural gas in the reporting period. According to the company’s report, SOCAR’s crude oil export for 2017 amounted to 20.7 million tons. SOCAR exported 1.5 million... Read More

Oil Becomes More Expensive. Should We Be Happy about That?

Oil Becomes More Expensive. Should We Be Happy about That? The oil market started in 2018 with a successful “run” to new highs for 2.5 years: according to Bloomberg, last Thursday the price of Brent at the auctions in London exceeded $ 68 per barrel for the first time since May 2015. The American standard WTI went up by 3.9% – to 62.21 dollars per barrel, also having registered a peak since the summer of 2015. A new record was demonstrated by Azeri LT CIF Azerbaijani... Read More