central_bank_of_azerbaijan

Azerbaijan Central Bank’s net loss reached 308.7 million manat

Azerbaijan Central Bank’s net loss reached 308.7 million manat KPMG Azerbaijan completed the audit for Central Bank of Azerbaijan’s (CBA) 2014 performance. According to the audit report, the bank has reported a sharp increase in CBA activity losses. The report has underlined that , the net loss of the CBA over the past year reached […]

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

european_crisis

The impact of Russia‘s economic crisis on Azerbaijan

The impact of Russia‘s economic crisis on Azerbaijan By Nadir Allahverdiyev Senior Researcher CESD Hardly anyone could expect a 33,4% devaluation of the Azerbaijani Manat by the Central Bank in one night. Officials explain that decision with the low oil prices and the “current global economic crisis”. Of course, this may increase ‘manat flow’ into […]

finance10

World Bank: 51% of Azerbaijani business sees access to finance its main problem

World Bank: 51% of Azerbaijani business sees access to finance its main problem World Bank’s Country Sector Coordinator Angela Prigozhina has delivered report “Access to Finance for Micro, Small, & Medium-Sized Enterprises in Azerbaijan. Demand-Side Assessment”. According to the assessment, 51% of the Azerbaijani sector of MSME considers access to finance its main problem, while […]

money

$ 1,073 billion US: Central Bank of Azerbaijan’s Monthly Intervention Cost

$ 1,073 billion US: Central Bank of Azerbaijan’s Monthly Intervention Cost Azerbaijan’s currency reserves have been dramatically declined in the last couple of months The Central Bank of Azerbaijan’s (CBA) intervention cost was $ 1,073 billion US in April 2015. Bank’s total currency reserves declined to $ 8,397 billion US in April 2015 since it […]

Oil Well Pumps

Azerbaijani Oil Income in April 2015

Azerbaijani Oil Income in April 2015 Azerbaijan exported 1.705 million tons of oil in April 2015 against 1.649 million tons in March, 1.969 million tons in February and 2.121 million tons in January this year. Meanwhile, oil export via Baku-Novorossiysk reached 84,701 tons, Baku-Supsa – 254,164 tons, and Baku-Tbilisi-Ceyhan (BTC) n.a. Heydar Aliyev oil pipeline […]