Azerbaijan Economy in the first quarter of 2017; Brief Overview

Azerbaijan Economy in the first quarter of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first quarter of 2017. Both independent and official reports show that GDP decreased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.9 % in the first quarter of 2017 compared with the period of 2016 since CESD calculations found out... Read More

Ambassador of Germany visited the CESD office

Ambassador of Germany visited the CESD office The Ambassador of Germany to Azerbaijan H.E. Michael Kindsgrad visited the Center for Economic & Social Development (CESD) on January 25, 2017. The new post of his excellency to Azerbaijan was the reason of his visit to CESD, in order to meet in person the staff of the center and to explore possible cooperation prospects. The long collaboration with German institutions as Konrad-Adenauer-Stiftung... Read More

New wave of depreciation of the Azerbaijani national currency; reasons and expectations

New wave of depreciation of the Azerbaijani national currency; reasons and expectations Starting the mid of October 2016, the manat, Azerbaijan currency, has been depreciating against the dollar. The official rate of the manat against the dollar was 1.5969 on October 18 and it was fallen to 1.6381 on October 31, 2016. It means the manat’s official rate depreciated against the dollar by 2.5 % last 2 weeks, however, the real market price of the manat... Read More

CESD: IMF’s GDP forecast for Azerbaijan is not realistic

CESD: IMF’s GDP forecast for Azerbaijan is not realistic The International Monetary Fund (IMF) forecasts GDP growth in Azerbaijan in 2017 at the level of 1.4 %. This is stated in the IMF’s November forecast on the economy of the Caucasus and Central Asia. Meanwhile, the International Monetary Fund predicted a fall in GDP of Azerbaijan for 2016 at 2.4%, in 2017 an growth of 1.4 %. According to Fund’s projections, average annual inflation... Read More

CESD Research Paper: Feasibility study on the Deep and Comprehensive Free Trade Area (DCFTA) between Azerbaijan and the European Union

CESD Research Paper: Feasibility study on the Deep and Comprehensive Free Trade Area (DCFTA) between Azerbaijan and the European Union The trade relations between Azerbaijan and the European Union are a substantial part of enhancing economic and political relations among both parties. Recent years have been characterized by an expansion of the trade volume between two parties; the EU turned out to be Azerbaijan’s biggest trade partner, in terms... Read More

ENERGY SECURITY AND ENERGY UNION PERSPECTIVES IN AZERBAIJAN

ENERGY SECURITY AND ENERGY UNION PERSPECTIVES IN AZERBAIJAN Annual Meeting of Working Group 3 “Environment, climate change and energy security” was taken place in Brussels, Belgium on September 14th, 2016. Dr. Vugar Bayramov, CESD Chairman, had presentation energy security and energy union perspectives for Azerbaijan in the panel titled as “Mapping the Route for EaP Countries and the EU Cooperation within the Energy Union”. CESD Chairman addressed... Read More

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

Azerbaijan Economy in the First Eight Months of 2016; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eight 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 3.1 % in the first eight months in 2016 since CESD calculations found out 3.9 % decline... Read More

Bloomberg: Azerbaijan’s Banks Halt Foreign-Currency Sales as Crisis Deepen

Bloomberg: Azerbaijan’s Banks Halt Foreign-Currency Sales as Crisis Deepens Vugar Bayramov: “The manat will continue to lose as long as demand for the dollar exceeds offer by many times at auctions organized by the central bank”. Banks in the Azeri capital completely halted foreign-currency sales as demand by businesses and households soared and the manat continued to depreciate against the dollar. None of the 15 lenders visited in central... Read More

Vugar Bayramov: ‘The use of differential VAT will stimulate the development of priority sectors’

Vugar Bayramov: ‘The use of differential VAT will stimulate the development of priority sectors’ In September, must be prepared a strategic plan for economic reforms Road Map and we hope that some of our proposals will be taken into account, the head of the Center for Economic and Social Development Vugar Bayramov told Turan. – My organization has prepared a package of proposals on reforms in different sectors of the economy, and we have... Read More

CESD Chairman: Azerbaijan national currency will continue depreciating against the dollar

CESD Chairman: Azerbaijan national currency will continue depreciating against the dollar In the coming months, the devaluation of the manat will continue, the economist Vugar Bayramov said. In an interview with Turan Bayramov noted that AZN has not found its real exchange rate. Note that in the last two months the dollar in respect to manat has been growing. If on July 1, 2016, the dollar was worth an average of 1.56 manats, in August there is a... Read More

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