Residents of Azerbaijan may have to pay off more credit than bargained for

Residents of Azerbaijan may have to pay off more credit than bargained for Vuqar Bayramov: “2.5 million citizens have bank debt, or approximately one fourth of the country’s population”. The Constitutional Court of Azerbaijan has delivered a verdict concerning a disagreement between borrowers and banks on how to pay off dollar-denominated loans – according to the old exchange rate or the new one. The Court verdict stated that the public will be obliged to pay off their... Read More

New Debt Policy in Azerbaijan: Hopes, Realities, Risks and Perspectives

New Debt Policy in Azerbaijan: Hopes, Realities, Risks and Perspectives From the second half of 2014, Azerbaijani public debt increased considerably along with several new challenges facing the domestic economy. During this period, the ratio of foreign debt to GDP rose from 8.6% (01.01.2015) to 22.8% (01.06.2018). The increase was 3.4 billion US dollars in nominal terms. At the beginning of 2018, Azerbaijan’s public debt amounted to 10 billion 100 million US dollars, while... Read More

CESD Presentation on Empowerment and Inclusiveness for Sustainable Development: Helping People with disabilities

CESD Presentation on Empowerment and Inclusiveness for Sustainable Development: Helping People with disabilities The CESD Chairman had a presentation at the North and Central Asian Forum on Implementation of the Sustainable Development Goals which was held in Tbilisi, Georgia, on 3 and 4 September 2018. The 2030 Agenda and the Sustainable Development Goals (SDGs) embody the strategic vision and aspirations of all countries for the future of development and its implementation... Read More

CESD Consulting started implementation of CVEO Project in Azerbaijan

CESD Consulting started implementation of CVEO Project in Azerbaijan CESD Consulting, as a part of CESD Holding, has started a new project titled “Countering Violent Extremist Organizations (VEO) Recruitment in Azerbaijan, Georgia and Macedonia”. Through the Countering VEO (CVEO) Recruitment program, PH International leads a multi-county, multi-faceted effort to reduce the risks of radicalization of vulnerable residents of Azerbaijan, Georgia and Macedonia that might lead... Read More