Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery

Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery Well-known “Bilig” journal, which indexed by Social Sciences Citation Index, has published the CESD research article The paper analyses the current level of economic and export diversification in three resource-rich Caspian basin Countries: Kazakhstan, Azerbaijan and Turkmenistan and attempts to reveal the underlying causes of high vulnerability of... Read More

Oil shock in the Caspian Basin: Diversification policy and subsidized economies

Oil shock in the Caspian Basin: Diversification policy and subsidized economies Well-known “Resources Policy” journal (UK), which indexed by Social Sciences Citation Index, has published the CESD research article The recent oil price shocks of 2014 resulted in a substantial economic slowdown in the oil-exporting countries of the Caspian Basin, namely Russia, Kazakhstan and Azerbaijan. These resource-reliant countries have encountered a contraction... Read More

Azerbaijani Oil Income in August 2017

Azerbaijani Oil Income in August 2017 The State Oil Company of Azerbaijan Republic (SOCAR) reports that the company exported 254,363 thousand tons of crude oil from the Russian port of Novorossiysk and 1,733 million tonnes of crude oil from the Turkish port of Ceyhan in August 2017. Azeri oil price slightly increased in August 2017 compared with the previous month since the price was below $ 50.0 US per barrel in July 2017 Meanwhile, the oil price... Read More

Azerbaijan Economy in the first four months of 2017; Brief Overview

Azerbaijan Economy in the first four months of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first four months of 2017. Both independent and official reports show that GDP decreased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 1.2 % in the first four months of 2017 compared with the period of 2016 since CESD calculations... Read More

The Silk Road Economic Belt: Implications for Azerbaijan

The Silk Road Economic Belt: Implications for Azerbaijan Friedrich-Ebert-Stiftung with the Levan Mikeladze Foundation organized the conference titled as “The Silk Road Economic Belt: The South Caucasus Perspective” on May 19th, 2017 in Tbilisi, Georgia. The conference discussions were organized on following questions: • Could the Silk Road Economic Belt act as a regional binder, or might it become a regional divider and feed into... Read More

CESD Research Paper: Feasibility study on the Deep and Comprehensive Free Trade Area (DCFTA) between Azerbaijan and the European Union

CESD Research Paper: Feasibility study on the Deep and Comprehensive Free Trade Area (DCFTA) between Azerbaijan and the European Union The trade relations between Azerbaijan and the European Union are a substantial part of enhancing economic and political relations among both parties. Recent years have been characterized by an expansion of the trade volume between two parties; the EU turned out to be Azerbaijan’s biggest trade partner, in terms... Read More

Next round negotiations between Azerbaijan and WTO were postponed to the second half of 2017

Next round negotiations between Azerbaijan and WTO were postponed to the second half of 2017 Mahmud Mammadguliyev, chief negotiator on Azerbaijani accession to the WTO and Deputy Foreign Minister, has commented on the next round of talks on WTO accession held in Geneva last July by underling that Azerbaijan’s foreign trade regime was discussed at a meeting of the working group in Geneva. “The meeting was quite active, there were many questions.... Read More

CESD Chairman: Azerbaijan national currency will continue depreciating against the dollar

CESD Chairman: Azerbaijan national currency will continue depreciating against the dollar In the coming months, the devaluation of the manat will continue, the economist Vugar Bayramov said. In an interview with Turan Bayramov noted that AZN has not found its real exchange rate. Note that in the last two months the dollar in respect to manat has been growing. If on July 1, 2016, the dollar was worth an average of 1.56 manats, in August there is a... Read More

Bloomberg: Central Bank Depleted by Azeri Crisis as Oil Brings No Relief

Bloomberg: Central Bank Depleted by Azeri Crisis as Oil Brings No Relief Vugar Bayramov: “Sooner or later, the central bank will have to pull out of the market to stop the depletion of its currency reserves” The once-in-a-generation crash in oil prices sent the Azeri economy staggering into a crisis and the central bank is running out of options to stop the unraveling. Every seventh lender is now shut, the currency is testing new lows and by one... Read More

Vugar Bayramov’s analysis of the tension between Russia and Turkey

Vugar Bayramov’s analysis of the tension between Russia and Turkey Vugar Bayramov, chairman of Center for Economic and Social Development, gave interview to day.az news portal in Azerbaijan on December 9th, 2015. In his interview, Dr. Bayramov addresses to impacts of existing tension between Turkey and Russia not only on those indicated countries but also on Azerbaijan. Full interview in Russia is submitted below. Россия и Турция топят... Read More

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