The Azerbaijani economy in the first half of 2019: Brief Overview

The Azerbaijani economy in the first half of 2019: Brief Overview CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first half of 2019. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 2.4 % in January-June 2019 compared with the same period of previous year: The CESD’s figure for the same period was 2.0 %. The GDP totaled 37,825 billion... Read More

CESD Research Brief: Should we expect a change in the rate of Azerbaijani manat in context of high demand for US dollar?

CESD Research Brief: Should we expect a change in the rate of Azerbaijani manat in context of high demand for US dollar? In January-February of 2019, activity in foreign exchange markets has further escalated. According to the information provided by the State Oil Fund of Azerbaijan (SOFAZ), during the corresponding period 951 million US dollars were sold, including 634.9 million in January and 316.2 million in February. This is 47.2% higher than... Read More

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 again puts question marks for the future of the commodity. Considering all of the above mentioned facts... Read More