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

Azerbaijan Economy in the First Seven Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first seven 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 3.0 % in the first seven months in 2016 since CESD calculations found out 3.7 % decline... Read More

THE DIVERSIFICATION OF AZERBAIJAN ECONOMY; WAYS TO EUROPEAN INTEGRATION

THE DIVERSIFICATION OF AZERBAIJAN ECONOMY; WAYS TO EUROPEAN INTEGRATION “Russkii Vopros” published Vugar Bayramov’s research article The diversification need of Azerbaijan’s economy has long been debated since 2005, when the oil revenues fuelled economy’s development on one-engine shadowing non-oil sector. As many authors cite harmful effects of economic concentration, even more arguments are provided for negative consequents of concentration... Read More

Azerbaijan Economy in the First Half of 2014; Brief Overview

Azerbaijan Economy in the First Half of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first half of year on July, 15, 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 3.9 % in the first four months of 2014 since CESD calculations found out 4.8... Read More

Oil keeps dominant position in Azeri export as 92% of total export

Oil keeps dominant position in Azeri export as 92% of total export Oil and oil products made 92,0 % of Azerbaijan’s export by results of January-April, 2012.According to sources in the State Customs Committee, in the reporting period, crude oil made 86,29 % of Azerbaijan’s export and oil products made 5,0 %. According to the State Committee reports, oil and oil products made 92,0 % of Azerbaijan’s export in 2011, too. “Only 8 % of export is... Read More