CESD Research Paper: The response of Turkey and Russia after Jet Crisis and the implications for the South Caucasus

CESD Research Paper: The response of Turkey and Russia after Jet Crisis and the implications for the South Caucasus In 2016 and years thereafter, the economies of Turkey and Russia will experience considerable change due to sanctions imposed by the Russian government as a response to the downing of a Russian war plane in November 2015.The dissolution of Russian-Turkish ties has also affected neighboring regions, especially the South Caucasus.... Read More

EDB: The Ukrainian Crisis Caused Economic Slowdown in CIS Countries

EDB: The Ukrainian Crisis Caused Economic Slowdown in CIS Countries Growth Domestic Product (GDP) growth in CIS countries continued to go down and reached 0.9% year-on-year in the second half of 2014. This conclusion is made in the new issue of The CIS Macromonitor published by the Research Department of Eurasian Development Bank (EDB). The report states that the key factor beyond the economic slowdown in the CIS was the political crisis around... Read More

SOFAZ to invest Russian Economy

SOFAZ to invest Russian Economy The State Oil Fund of Azerbaijan has addressed the Federal Antimonopoly Service of Russia in order to get initial agreement for closing deal on purchase of 100% shares of Tverskaya 16 OJC, in Moscow. Authorized capital of the OJSC makes 159.8 mln rubles (AZN 4 mln) and its only share is Aktyor gallery, located on Tverskaya 16, Moscow. Brokers estimate the building at $100-105 mln. According to information, currently,... Read More

Standard & Poors Assesses CIS Economy

Standard & Poors Assesses CIS Economy The forecast of economic growth for the near future for the CIS countries exporting oil is favorable, and growth due to high oil prices to exceed four percent in 2012, said in the report of international rating agency Standard & Poors “Different procurement of natural resources and overall historic heritage determine the rating of the CIS countries “, released on March 22nd, 2012. “Increase... 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