Azerbaijan Economy in 2014

Azerbaijan Economy in 2014 Decline of oil price in the world market was the main character of Azerbaijan economy in 2014. As an oil exporter country, Azerbaijan might face the effects of a sharp fall in oil revenue after oil price decline in the world market. Azerbaijan is heavily dependent on oil and natural gas export revenues. In fact, 2014 was somehow successful for Azerbaijan economy since the country was able to reserve growth in the almost... Read More

Azerbaijan Economy in the First Nine Months of 2014; Brief Overview

Azerbaijan Economy in the First Nine Months of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months of year on October, 20, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, oil GDP decreased 2.0 % in the first nine months of 2014 since CESD calculations... Read More