Oil boom and resource curse

Oil boom and resource curse European Stability Initiative (ESI) has recently produced “Oil boom and resource curse” research report where CESD reports extensively used. The report addressed certain economic issues particularly developments and problems in oil sector, mainly how oil money spent in Azerbaijan. The full report is available here.    Read More

Azerbaijan GDP in the first 2 months of 2012

Azerbaijan GDP in the first 2 months of 2012 Azerbaijan produced AZN 8 bln-GDP, in January-February, 2012, up 0.5% from year earlier. State Statistical Committee says, during the reporting period, GDP in the non-oil sector grew by 7.1% to 42.6%, while GDP in the oil and gas sector declined by 4.5%.  In this case, 60.5% of GDP have fallen to the share of industry, 2.5% – agriculture, hunting and forestry (an increase of 2.8%), 5% – transport... Read More

The World Bank Adjusted GDP Grow Forecast for Azerbaijan

The World Bank Adjusted GDP Growth Forecast for Azerbaijan The World Bank  (WB) also adjusted its forecast for GDP Growth in Azerbaijan in 2012, The Bank’s projection decreased from 6,1 % to 3.1%  according to  WB Global Economic Prospects Report.  Last week, International Monetary Fund (IMF) adjusted its economic growth for Azerbaijan from 7.2 % to 5.7 %. IMF’s newest explanation on modification was bottom on decreasing of oil production. According... Read More

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