Azerbaijan Economy in the first quarter of 2013

Azerbaijan Economy in the first quarter of 2013 CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first quarter of year on February, 20, 2013. Independent calculated data show that decline in oil production and oil export will continue in 2013, too. Meanwhile, the government reports also proof that decline in oil export continue in the same period of 2013. State Oil Company of Azerbaijan (SOCAR) has... Read More

Azerbaijan Economy in the First Ten Months of 2012

Azerbaijan  Economy in the First Ten Months of 2012 Volume of industrial production was AZN 28.5 billion ($ 36,5 billion) in the first 10 months of 2012 as State Statistic Committee reported. Industrial production decreased by 3,9 % in reporting period compare with the same period of 2011. 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 % right Hence, it seems... Read More