GDP Increased, Industry Declined in Azerbaijan

GDP Increased, Industry Declined in Azerbaijan Gross Domestic Product (GDP) increased by 2.4 % in the first 8 months of 2014, compared to the same period of 2013 and reached to 39.2 billion manat ($ 50.3 billion US)- as State Statistic Committee of Azerbaijan reports. 45.0% of GDP were produced in the fields of industry, 11.8% in construction complex and 9.9% in the fields of trade and paid service, 4.9% in transport, 1.7% in information and communication... 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 Economy in January, 2014; Brief Overview

Azerbaijan Economy in January, 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first month of year on February 20, 2014. Independent calculated data show that decline in oil production and oil export will continue in 2014, too. Meanwhile, the government reports also proof that decline in oil export continue in January, 2013. State Oil Company of Azerbaijan (SOCAR) has recently... Read More

Azerbaijan Economy in 2013

Azerbaijan Economy in 2013 The State Statistic Committee reports that industry production increased by 1,8 % in non-oil sector and 10,0 % in oil sector. Meanwhile, state bodies believe that oil GDP increased by 0,1 % last year. CESD household survey and expert modeling has come to conclusion that both total GDP and non-oil GDP increased in 2013, however, CESD figures are not the same with official ones. Some official figures, however, even do not... Read More

Oil Output Dropped by 4,0 % in Azerbaijan

Oil Output Dropped by 4,0 % in Azerbaijan   CESD forecasts decline in oil sector by 5,0 % in 2013 based on its econometric models and PSA matrix Azerbaijan produced 7,2 million tons of oil in January-February , 2013- The State Statistical Committee of Azerbaijan reported.  3,8 million tons were produced in January and 3,4 million tons in February. Oil production has dropped by 300,0 thousand tons or by 4,0 % over the same period of 2012. Meanwhile,... Read More

The National Interest Cites CESD Reports

The National Interest Cites CESD Reports The National Interest, a leading American international affairs magazine, cited CESD’s report, “Peak Oil: The End of the Oil Age in Azerbaijan,” in its January 18, 2012 article entitled “Tough Year Looms for Azerbaijan”: “The Center for Economic & Social Development, a think tank in Azerbaijan focused on the country’s sustainable economic development, stated in a November 2011 report that... Read More

CESD: IMF’s Forecasts are Unrealistic

CESD: IMF’s Forecasts are Unrealistic The IMF’s more upbeat prognosis of 2012 economic growth was met with skepticism as CESD economists said the fall in oil industry would continue to hamper the country’s growth. International Monetary Fund (IMF) has increased much the forecast of economic growth rate on Azerbaijan stated in its specified World Economic Outlook (WEO), published on October, 09, 2012. The IMF expects that this year Azerbaijan’s... Read More

OPEC keeps Azerbaijan’s oil output forecast unchanged

OPEC keeps Azerbaijan’s oil output forecast unchanged OPEC kept its forecast on Azerbaijani oil production unchanged at 0.96 million barrels per day (bpd) for 2012 and 2013. “Azerbaijan oil production is predicted to remain steady in 2012 and average 0.96 million bpd, flat compared to the previous month,” OPEC’s September oil market report says. According to OPEC forecasts, the country’s oil production will amount... Read More

“Effective Ways to Tackle Corruption: What Makes a Difference?”

“Effective Ways to Tackle Corruption: What Makes a Difference?” “Effective Ways to Tackle Corruption: What Makes a Difference?” workshop held by Partnership for Transparency on May 21st-24th, in Berlin, Germany. The workshop focuses on effective ways on fighting with corruption in Central and Eastern Europe. The theme of the workshop will be on cross-border lessons learned in the field of procurement and education. Vugar Bayramov, chairman... Read More

Oil Output fell by 7,0 % in Azerbaijan

Oil Output fell by 7,0 % in Azerbaijan Azerbaijan Produced 14,8 million ton oil and 6,0 billion cubic meters gas in the first four months of 2012. According to the State Statistical Committee 15,9 million ton and 8,4 billion cubic meters gas produce in the same period of 2011. Oil output decreased 7,0 % in the first month of 2012, meanwhile the production in mining sphere of industry in January-April decreased by 5.3% compared to the same period of... Read More

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