THE DIVERSIFICATION OF AZERBAIJAN ECONOMY; WAYS TO EUROPEAN INTEGRATION

THE DIVERSIFICATION OF AZERBAIJAN ECONOMY; WAYS TO EUROPEAN INTEGRATION “Russkii Vopros” published Vugar Bayramov’s research article The diversification need of Azerbaijan’s economy has long been debated since 2005, when the oil revenues fuelled economy’s development on one-engine shadowing non-oil sector. As many authors cite harmful effects of economic concentration, even more arguments are provided for negative consequents of concentration... Read More

Does Declining Oil Revenue Equal Less Security for Azerbaijan?

Does Declining Oil Revenue Equal Less Security for Azerbaijan? Declining oil revenues and a changing energy marketplace are placing Azerbaijan’s social and economic development under strain. Worse still, observes Eric Eissler, the lost income might curtail the country’s defense spending at a time when Baku needs it most. By Eric Eissler for ISN ________________________________________ To say that Azerbaijan lives in a unique but troubled... Read More

Spotlight on Azerbaijan

Spotlight on Azerbaijan The CESD developed economic part of the report The Foreign Policy Center, UK, produced report titled “Spotlight on Azerbaijan”. Spotlight on Azerbaijan contains a broad analysis of some of challenges Azerbaijan faces, and explores the role and goals of the international community. The report makes a series of recommendations for action. The economic part of the report was developed by the Center for Economic and Social... Read More

Oil keeps dominant position in Azeri export as 92% of total export

Oil keeps dominant position in Azeri export as 92% of total export Oil and oil products made 92,0 % of Azerbaijan’s export by results of January-February 2012. According to sources in the State Customs Committee, in the reporting period, crude oil made 86,0 % of Azerbaijan’s export and oil products made 6,0 %. According to the State Committee reports, oil and oil products made 92,0 % of Azerbaijan’s export in 2011, too. “Only 8... Read More

CESD Chairman Had Speech at Qafqaz University

CESD Chairman Had Speech at Qafqaz University Vugar Bayramov, chairman of CESD, had speech on Management of Oil Revenues in Azerbaijan at Qafqaz University, the top university in Azerbaijan, on February 23, 2012. Vugar Bayramov mentioned that The high inflow of oil revenues to Azerbaijan in recent years has led to large and increases in government expenditures in the state budget and State Oil Fund of the Azerbaijan Republic. Given that oil revenues... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More