Vugar Bayramov: “In 2015, Inflation Projected at 10%”

Vugar Bayramov: “In 2015, Inflation Projected at 10%” The Central Bank of Azerbaijan on Monday decided to cancel binding AZN to the US dollar and the transition to the two-currency basket with dollar and euro in determining the rate of the national currency. This led to panic and hype among the population and queues of people wanting to change manat for dollars appeared at bank exchange points. The expectations of what will happen to manat... Read More

CESD was ranked as the top think tank in Central Asia and Southern Caucasus

CESD was ranked as the top think tank in Central Asia and Southern Caucasus The University of Pennsylvania’s (UPenn) Think Tanks and Civil Societies Program announced rankings of the leading public policy research organizations in the world in their annual Global “Go-To Think Tanks” report on January 22, 2015. The report was submitted at United Nations’ head quarter in New-York City, USA today. The report’s publication is the culmination... Read More

Weekly intervention cost of Central Bank of Azerbaijan: $ 1.27 billion US

Weekly intervention cost of Central Bank of Azerbaijan: $ 1.27 billion US Central Bank of Azerbaijan (CBA) says that US currency is in feverish demand in the country because of Russia. According to CBA, demand for US dollars increased in Azerbaijan starting from mid-December under the influence of psychological factors due to sudden depreciation of Russian currency, as ABC news agency reports. “To maintain stability of the national currency CBA... Read More

AZN 1 billion – for purchase of household appliances and mobile phones

AZN 1 billion – for purchase of household appliances and mobile phones “Loans to purchase household appliances and mobile phones constituted 15% of the consumer loans issued by commercial banks”. According to the newspaper “Echo” that the statement came from the chairman of the Center for Economic and Social Development (CESD) Vugar Bayramov. According to him, the share of loans granted for the purchase of household... Read More

CESD: Import from Russia to Azerbaijan increased by 15%

CESD: Import from Russia to Azerbaijan increased by 15% The fall of the national currency of one of Azerbaijan’s main trade partners may stimulate imports to our country and restrict exports. Cesd.az reports referring to the newspaper “Echo” that it is the opinion of the chairman of the Center for Economic and Social Development Vugar Bayramov. The expert noted that the sanctions and embargoes, which are applied with regard to... Read More

What is the poverty level in Azerbaijan?

What is the poverty level in Azerbaijan? “In an ideal world the figure of poverty rate would stand at zero. Official statistics show that today 5.6 percent of 9.5-million Azerbaijanis or some 500,000 people live in poverty,” Vugar Bayramov, the Chairman of the Center for Economic and Social Development (CESD) told local press. However, the figure in Azerbaijan has substantially decreased over the last decade. This is down from four million... Read More

Some take advantage of war, some just want peace

Some take advantage of war, some just want peace There was said a lot about the fact that the Nagorno-Karabakh conflict is going on. Because of this conflict, the development of the entire region has been hindered, and apparently, this conflict is profitable for someone. However, the economic side of the issue has been discussed but a little since the conflict. The question of what Armenia, Azerbaijan, and the entire South Caucasus have lost due to... Read More

The Program of Social Market Economy Conference

The Program of Social Market Economy Conference The program of  the “Policy Options for Social Market Economy: National and International Perspectives” International Conference, will be taken place in Baku, Azerbaijan on  April, 09, 2013, is now available.. The international event is organized by the Center for Economic and Social Development (CESD), Konrad-Adenauer-Stiftung and Qafqaz University and working languages of the conference are English... Read More

Call for Papers: CESD Spring International Conference

Call for Papers: CESD Spring International Conference The CESD is pleased to invite all interested scholars to submit their abstracts to the CESD Spring Conference titled as “Policy Options for Social Market Economy: National and International Perspectives”. The conference will be taken place in Baku, Azerbaijan on  April, 08, 2013. The international event is organized by the Center for Economic and Social Development (CESD), Konrad-Adenauer-Stiftung... Read More

CESD forecasts a slowdown in economic growth in Azerbaijan

CESD forecasts a slowdown in economic growth in Azerbaijan The Center for Economic and Social Development (CESD) has adjusted its previous forecast of 3.7 % GDP growth in 2012 to 2.1 % after finalizing CESD Surveys Results for the first 8 months of 2012. The center also forecasts 5.2 % growth in the non-oil sector while the Azerbaijan government still targets 9.0 % growth in 2011. CESD reports that the inflation rate in Azerbaijan is expected to be... Read More

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