Azerbaijan Economy; Brief Overview for 2013 and Perspectives for 2014

Azerbaijan Economy; Brief Overview for 2013 and Perspectives for 2014 CESD- Center for Economic and Social Development, developed brief presentation on Azerbaijan Economy in 2013 and expectations from 2014. Download Full Azerbaijan Economy_2013_2014 Presentation File Here  Read More

What is happening in the Banking Sector in Azerbaijan?

What is happening in the Banking Sector in Azerbaijan? After closing the year of 2013 with a credit boom, the banking sector was unable to withstand the cold months of the current year: commercial banks almost halted all personal lines of credit. Despite the optimistic view of the Central Bank of Azerbaijan Republic regarding the general situation, the commercial banks have remained skeptical. After imposing loan restrictions, some of the banks even... Read More

Banking sector in Azerbaijan; from bankruptcy to regression?

Banking sector in Azerbaijan; from bankruptcy to regression? “There is not any case in the foreign experience that a minimum requirement for authorized capital is increased by five times”, said in an interview with “Echo” the chairman of the Center for Economic and Social Development Vugar Bayramov . In this regard, in his opinion, this is a serious administrative decision, despite the fact that it will enter into force on January... Read More