The Road Map of an Anti-Crisis Strategy in Azerbaijan

The Road Map of an Anti-Crisis Strategy in Azerbaijan Written by Dr. Vugar Bayramov The current economic policy, including the monetary policy needs to be compatible with post-oil or crisis period. Presently there are two major priorities in economic policy of government and the Central Bank: to constrain inflation and prevent or delay potential variations in the exchange rate of national currency. These priorities are important, however they are... Read More

Oil GDP decreased by 3.4 % in Azerbaijan

Oil GDP decreased by 3.4 % in Azerbaijan Total GDP increased by 2.2 % thanks to non-oil growth Growth Domestic Production (GDP) reached 53.7 billion manat ($ 68.9 billion US) in the first eleven months of 2014 in Azerbaijan- State Statistics Committee reports. GDP increased by 2.2% compared to the same period of previous year. GDP per capita was 5710.7 manat ( 7 281.3 US dollars) in the indicated period. Non-oil sector increased by 6.5% compared to... Read More

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

Azerbaijan Economy in the First Ten Months of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first ten months of year on November, 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 1.8 % in the first ten months of 2014 since CESD calculations... 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

Azeri Oil Output Declined in the first five months of 2014

Azeri Oil Output Declined in the first five months of 2014 Azerbaijan produced 17.7 million tonnes of oil and gas condensates in the first five months of 2014, versus 18.12 million tonnes in the same period of 2013, the Azerbaijan State Statistical Committee reported on June 12, 2014. The output declined by 2.3 % in the indicated period of 2014 compared to the same passé in previous year. The most part of the produced oil fell to the Azeri-Chirag-Guneshli... Read More

Azerbaijan Economic Forecast 2014: Tottering Growth

Azerbaijan Economic Forecast 2014: Tottering Growth The IMF’s more upbeat prognosis of 2014 economic growth was met with skepticism as CESD economists said the fall in oil industry would continue to hamper the country’s growth. The International Monetary Fund (IMF) forecasts Azerbaijan’s GDP to grow by 5 percent in 2014 and by 4.6 percent in 2015. This was noted in IMF’s World Economic Outlook report on the prospects for development... Read More

Competitiveness in Azerbaijan: Assessing Sectorial Economic Policies

Competitiveness in Azerbaijan: Assessing Sectorial Economic Policies CESD- Center for Economic and Social Development, Azerbaijan has developed new research paper titled as “Competitiveness in Azerbaijan: Assessing Sectorial Economic Policies”. This publication was developed and printed with the support of Friedrich-Ebert-Stiftung. This research paper assesses economic diversification and cross-sector competitiveness in Azerbaijan by employing... Read More

Azerbaijan Economy in 2012

Azerbaijan Economy in 2012 Azerbaijan oil production started to decline rapidly since 2010. In fact, dramatic fall in oil industry continues to hamper the country’s total growth in 2012.  It was the main reason that Government of Azerbaijan (GoA) has adjusted its previous official forecast of 5.7 %  GDP growth in 2012 to 2.5 % in the second half of 2012. Thanks to affected growth in non-oil sector, the country was able to keep growth track... Read More

Industrial production drops by 2.9% in Azerbaijan

Industrial production drops by 2.9% in Azerbaijan In January-May 2012 the volume of industrial production made AZN 15bn in Azerbaijan According to the State Statistical Committee of Azerbaijan, it is a drop of 2.9% over the same period of 2011. 77.5% of industrial production was made in extractive sphere (5.4% drop), 17.1% in processing industry (14.6% growth), 4.9% in electric power and gas sectors (+3.4%). Water supply, waste water cleaning... Read More

Azerbaijan Economy in the First Four Months of 2012

Azerbaijan Economy in the First Four Months of 2012 Government of Azerbaijan (GoA) has failed to achieve projected economic growth forecast for the first four month of 2012. According to the State Statistic Committee Gross Domestic Product  (GDP) increased only by 0.3 % and 16,6  billion manat ($ 21,3 billion) GDP generated in this period although th GoA projected 5,7  % growth for this year.  GDP per capita was $ 6,0 thousand in the first four... Read More

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