azerbaijan_economy

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 […]

About CESD

The Center for Economic and Social Development is a leading independent economic think tank in Azerbaijan. It's mission is to promote research and analysis of socio-economic issues in order to positively influence the public policy decision-making process.

News

oil_fund

74.0 % of SOFAZ’s 2019 revenue will be transferred to the state budget in Azerbaijan

74.0 % of SOFAZ’s 2019 revenue will be transferred to the state budget in Azerbaijan Transfer to the state budget will reach 98.0 % of total fund’s expenditure The 2019 budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has been approved. According to the budget, SOFAZ’s revenues for 2019 will be […]

oil_last

CESD: Low oil price negatively affects on the currency market in Azerbaijan

CESD: Low oil price negatively affects on the currency market in Azerbaijan The significant decline in oil prices on world markets is due to a multitude of international factors in the social, political and economic spheres. In particular, the decline caused an increase in US oil production. The remarks came from economic expert Vugar Bayramov, […]

budget

The CESD Assessment on the 2019 State Budget Project

The CESD Assessment on the 2019 State Budget Project The current external macroeconomic conditions observed throughout the year of 2018, such as increasing rates by FED/ECB, exerts certain pressure on the economies of developing nations. Despite hovering well-over its predicted value for most of the year, the recent decline in the price of oil once […]

azerbaijan_economy

The Azerbaijani economy in the first nine of 2018: Brief Overview

The Azerbaijani economy in the first nine of 2018: Brief Overview CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first nine months of 2018. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 0.8 % in January-September 2018 compared with the […]