oil_fund

SOFAZ’s extra budgetary expenses reached to $ 1.24 billion US

SOFAZ’s extra budgetary expenses reached to $ 1.24 billion US Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2014 reached 10.13 billion manats ($12.99 billion US), while budget expenditures constituted 8.04 billion manats ($ 10.30 billion US). Revenue of 9.97 billion manats ($ 12.78 billion […]

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

azerbaijan_economy

Azerbaijan Economy in the First Nine Months of 2014; Brief Overview

Azerbaijan Economy in the First Nine Months of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months of year on October, 20, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee […]

Nabucco Pipeline

Germany and France withdraw from Trans Adriatic Pipeline AG

Germany and France withdraw from Trans Adriatic Pipeline AG Germany and France have withdrawn from Trans Adriatic Pipeline AG (TAP) being created for Azerbaijani gas transportation. TAP AG informs that E.On (9%) and Total (10%) sold their equity stakes to Fluxys and new shareholder Enagás (Spain). As a result, existing shareholder Fluxys increased its stake […]

internet

Expert: The role of social networks in employment increases

Expert: The role of social networks in employment increases “Our observations show that job search today is made 97% by using the Internet”. “At the same time people are placing their resumes using the internet”. Oxu.Az reports referring to the “Echo” newspaper that the statement came from the chairman of the Center for Economic and […]

gdp_growth

GDP Increased, Industry Declined in Azerbaijan

GDP Increased, Industry Declined in Azerbaijan Gross Domestic Product (GDP) increased by 2.4 % in the first 8 months of 2014, compared to the same period of 2013 and reached to 39.2 billion manat ($ 50.3 billion US)- as State Statistic Committee of Azerbaijan reports. 45.0% of GDP were produced in the fields of industry, […]