Azerbaijani Economy 2018: Results and Perspectives

Azerbaijani Economy 2018: Results and Perspectives Following the recession and stagnation of the economy of Azerbaijan in 2015-2017, a growth of 1.4% was recorded in 2018. Economic growth has been mainly driven by the following factors. Favorable foreign economic environment for Azerbaijan from the context of oil prices: the initial forecast of the oil prices by the Azerbaijani government at the beginning of 2018 was 45 US dollars per barrel. Then,... Read More

The Azerbaijani economy in the first two months of 2018: Brief Overview

The Azerbaijani economy in the first two months of 2018: Brief Overview CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first two months of 2018. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 1.3% in January-February 2018 compared with the same year of previous year: The CESD’ figure for the same period was 0.9%. The GDP totaled... Read More

‘Transportation of oil via the Baku-Novorossiysk pipeline is not profitable

‘Transportation of oil via the Baku-Novorossiysk pipeline is not profitable’ Deputy Head, Head of Foreign Relations Department of the Azerbaijani Presidential Administration Novruz Mammadov has given an interview to 1news.az. In the interview, the official touched upon the termination of the agreement between Russia and Azerbaijan on the transit of Azerbaijani oil through Russia via the Baku-Novorossiysk pipeline. “Much has been... Read More