EU

Reassessing the European Neighbourhood Policy in Azerbaijan

Reassessing the European Neighbourhood Policy in Azerbaijan Soon after independence, Azerbaijan demonstrated its interest in cooperating not only with the EU but also with Russia in order to develop the country. Azerbaijani-EU relations can be divided into three main periods: (1) from 1992 to 2006 Azerbaijan was eager to cooperate more closely with the EU; […]

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.

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Oil Well Pumps

Azerbaijani Oil Income in May 2015

Azerbaijani Oil Income in May 2015 Azerbaijan exported 1.692 million tonnes crude oil in May 2015. Crude oil export decreased by around 1.0 % in May 2015 compare with previous month. Meanwhile, the country exported 169 thousand 559 tons of crude oil from the Novorossiysk Port, 169 thousand 425 tons of crude oil from the […]

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Currency reserves of Azerbaijan Central Bank grow first time since August 2014

Currency reserves of Azerbaijan Central Bank grow first time since August 1, 2014 The Central Bank of Azerbaijan (CBA) reports that devaluation of the national currency has finally helped to save its currency reserves from fall: in May they demonstrated growth for the first time since August 1, 2014. The CBA reports that as of […]

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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 […]

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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 […]