Azerbaijan Economy in the First Nine Months of 2016; Brief Overview

Azerbaijan Economy in the First Nine Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months in 2016. Both independent and official reports show that GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased 3.9 % in the first nine months in 2016 since CESD calculations found out 4.3 % decline... Read More

State Budget for 2016 in Azerbaijan: a New Approach in a New Period?

State Budget for 2016 in Azerbaijan: a New Approach in a New Period? The draft of state budget of 2016 has been discussed and approved by the Cabinet of Ministers of Azerbaijan Republic. According to the CESD sources, a price of oil will be $ 50 US per barrel at the 2016 budget. That means oil price in next year’s budget will be decreased by $ 40 per barrel or 55 % compared to the 2015 state budget… Download Full Article Here  Read More