Azerbaijan Economy in the first seven months of 2017; Brief Overview

Azerbaijan Economy in the first seven months of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first seven 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 1.0 % in January-July of 2017 compared with the period of 2016 since CESD calculations found... Read More

National currency rate in Azerbaijan: is the stability sustainable?

National currency rate in Azerbaijan: is the stability sustainable? Plummeting oil prices since the third quarter of 2014 have shaped new market conditions for the national currency of Azerbaijan. For the first time after the global financial crisis of 2008, the national currency has encountered serious challenges. The Central Bank attempted to preserve the stability of manat exchange rate at the expense of spending currency reserves. Although intervention... Read More