Azerbaijan Economy in the first nine months (January-September) of 2017; Brief Overview

Azerbaijan Economy in the first nine months (January-September) of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.6 % in January-September of 2017 compared with the same period of 2016 since... Read More

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

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

CESD’s independent inflation rate was announced

CESD’s independent inflation rate was announced CESD- Center for Economic and Social Development concluded its macro-economic survey results including price collection for the April in 2016. According to the CESD price collection survey which covers the capital city and selected districts in rural Azerbaijan, annual inflation was 15.3 % in April 2016. Monthly inflation in April was 1.1 % compared to the previous month. Meanwhile, the State Statistics... Read More

Hyperinflation threatens Azerbaijan

Hyperinflation threatens Azerbaijan After the second devaluation of the manat last year and the events that followed: inflation, emergence of the almost forgotten word – deficit, which applies to medicines, foods, cigarettes and alcohol, the population of Azerbaijan is very anxious. In fact, what could be the highest inflation rate in Azerbaijan this year? Could it reach the terrifying numbers, such as 43% in Ukraine in the last year? As it... Read More

Fitch Rating’s Forecasts for Azerbaijan Economy

Fitch Rating’s Forecasts for Azerbaijan Economy Fitch Rating has published today its forecasts for the economic situation in Azerbaijan for 2015-17. The report of Fitch’s senior director Paule Gamble says that by the end of 2015 the GDP growth rate is projected to be 2.3%, for 2016 – 2.7%, and for 2017 – 3%. By the end of 2015 Fitch expects inflation in Azerbaijan at the level of 5.5% (optimistic scenario), in 2016 – 5%, and in 2017... Read More

Inflation comes in higher than expected

Inflation comes in higher than expected “The macroeconomic indicators are positive, and the trend will continue throughout the second half of this year,” Chairman of the Center for Economic and Social Development Vugar Bayramov told local press. “But, a look at specific sectors of the economy shows that there would be a price hike in the consumer market,” the experts said. It is expected that in August and September the prices... Read More

Inflation Rate in January: Government Reports 0,6 %, CESD Survey Concluded 1,4 %

Inflation Rate in January: Government Reports 0,6 %, CESD Survey Concluded 1,4 % Inflation rate was 0,6 % in Azerbaijan in January, 2013- reported State Statistic Committee. The committee reported that prices of non-food products increased by 0.1%, prices and service tariffs of consumer goods increased by 1.2 % in January, 2013 compared to previous month. The committee added that price for services for air passenger transport on international flights... Read More