Azerbaijan Economy in the First Four Months, 2014; Brief Overview

Azerbaijan Economy in the First Four Months, 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first month of year on May 20, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, oil GDP decreased 3.2 % in the first four months of 2014 since CESD calculations found out... Read More

Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector

Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector Azerbaijan industrial production dropped to 3,0 billion manat ($ 3,84 billion) in January 2013, according to data released by the State Statistic Committee of Azerbaijan. Compared to this time last year, industrial production has declined 2,0%, down from 3,06 billion manat ($ 3,92 billion) in industrial products registered in January 2012. According to the State... Read More

Remittance from Russian to Azerbaijan Increased

Remittance from Russian to Azerbaijan Increased CESD: Amount of remittance was about $ 2 billion in 2011 The volume of individual money transfers from Russia and Azerbaijan made $955m in 2011. According to the Central Bank of Russia reports that the volume of individual transfers from Russia to CIS countries in 2011 reached $16.7bn which is 24% more than in 2010 ($13.5bn). Uzbekistan with $4.9bn (28% growth) has become a leader for the volume of transfers... Read More