Azerbaijani crude oil export declined by 4.2 % in January 2019

Azerbaijani crude oil export declined by 4.2 % in January 2019 The daily volume of oil production in Azerbaijan for January 2019 totaled 793 thousand barrels, including 720 thousand barrels of crude oil and 73 thousand of gas condensate. The Ministry of Energy reports that 598 thousand barrels of crude, 73 thousand barrels of condensate and 16 thousand barrels of oil products were exported in January. According to the Ministry, Azerbaijan produced 814.6 thousand barrel oil per... Read More

The new price hike in the consumer market of Azerbaijan

The new price hike in the consumer market of Azerbaijan The observed price escalation in the second half of January intensified in the past few days. Our observations find an increase in the price of both food and some non-food products. Not only imported products but also domestic products experienced a price increase. According to the analysis by CESD, the inflation rate was more than 3 % in almost all segments of the consumer market in January. What are the main reasons behind... Read More

Call for Proposals: CESD Initiatives Support Program

Call for Proposals: CESD Initiatives Support Program The Center for Economic and Social Development (CESD) is currently accepting proposals from individuals and socially-based organizations to participate in a funding contest under the Program “Initiatives for Empowering Local Communities in Azerbaijan”, supported by PH International. This program’s overall goal is to reduce the radicalization risk to vulnerable individuals, which will be accomplished through an online and... Read More

Azerbaijani Economy 2018: Results and Perspectives

Azerbaijani Economy 2018: Results and Perspectives Following the recession and stagnation of the economy of Azerbaijan in 2015-2017, a growth of 1.4% was recorded in 2018. Economic growth has been mainly driven by the following factors. Favorable foreign economic environment for Azerbaijan from the context of oil prices: the initial forecast of the oil prices by the Azerbaijani government at the beginning of 2018 was 45 US dollars per barrel. Then, during the second half of the... Read More

CESD ranked the top think tank in the Southern Caucasus and Central Asia

CESD ranked the top 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 2018. The report was submitted in Washington, DC and New York City, USA, on January 31st, 2019. CESD also has the privilege of ranking fourth in the ‘top think tanks with annual budget less than... Read More