Migrants

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 [...]

About CESD

The Center for Economic and Social Development is a leading independent economic think tank in Azerbaijan. It's mission is to promote research and analysis of socio-economic issues in order to positively influence the public policy decision-making process.

News

fitch_rating

Fitch Cut Rating for Azerbaijan Mortgage Fund

Fitch Cut Rating for Azerbaijan Mortgage Fund Fitch Ratings cut rating for the Azerbaijan Mortgage Fund under the Central Bank of Azerbaijan Republic (AMF) to Stable from Positive and affirmed its Long-term foreign currency and local currency ratings at ‘BBB-’, Fitch Ratings announced on May 22, 2012. The rating action reflects the revision of Azerbaijan’s [...]

corruption_oil

CESD: $ 17 million oil money was “missed” in the Construction of SOFAZ’s New Office

CESD: $ 17 million oil money was “missed” in the Construction of SOFAZ’s New Office The Center’s monitoring revealed new facts One m2 in the new office of the State Oil Fund of Azerbaijan (SOFAZ) will cost $ 9,0 thousand, and it is to be the most expensive project in Baku. These are the results [...]

oil_economu

Azerbaijan Economy in the First Four Months of 2012

Azerbaijan Economy in the First Four Months of 2012 Government of Azerbaijan (GoA) has failed to achieve projected economic growth forecast for the first four month of 2012. According to the State Statistic Committee Gross Domestic Product  (GDP) increased only by 0.3 % and 16,6  billion manat ($ 21,3 billion) GDP generated in this period [...]

oil_export

Oil Contributes 87,0 % of Total Export in Azerbaijan

Oil Contributes 87,0 % of Total Export in Azerbaijan The share of crude oil in Azerbaijan’s overall export made up 86.29% against 86.62% in 2011, 86.53% in 2010 and 81.57% in 2009. In the first quarter of 2012 oil export grew by 6.76% versus last year’s same term. The State Customs Committee (SCC) informs that [...]