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2. FDI in Azerbaijan in 2021: Developments and Challenges
- Author:
- CESD Research Team
- Publication Date:
- 04-2022
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- Attracting foreign direct investment is now more important for Azerbaijan than ever before. Against the background of global uncertainty, the development of the non-oil sector and the diversification of the economy have become even more priority. On the other hand, there has been a decline in oil production in recent years, and even though high oil prices, the country's revenue from energy sales is lower than compared to the period before 2014.
- Topic:
- Oil, Foreign Direct Investment, Economy, and Diversification
- Political Geography:
- Azerbaijan
3. How Will Coal Sanctions Impact on Russian Economy?
- Author:
- CESD Research Team
- Publication Date:
- 04-2022
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- The Western Alliance has approved a new package of sanctions against Russia. The most notable of the sanctions is the suspension of coal exports from Russia. What does this mean for Russia, and how can the European Union compensate for this ban? Yesterday, the European Commission posted a decision on sanctions on its website, which means that the ban will come into force. This means that from today, European companies will not be able to conclude contracts to buy coal from Russia. The contracts signed in the previous period must be completed by August.
- Topic:
- Sanctions, European Union, Economy, Exports, Coal, and Russia-Ukraine War
- Political Geography:
- Russia and Europe
4. A preliminary assessment of the impact of the COVID-19 pandemic on Azerbaijani economy
- Author:
- CESD Research Team
- Publication Date:
- 08-2020
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- Azerbaijan became the country among the post-soviet countries, that allocated the largest share of GDP, in order to eliminate the economic challenges caused due to the outbreak of COVID-19. Providing favorable economic conditions in the post-pandemic period is as crucial as supporting the economy during the period of the pandemic. It is an undeniable fact that the impact of the pandemic on the economy might be fully assessed only over time. Experience demonstrates that early evaluation may lead to even greater recession and instability. This paper aims to demonstrate the challenges faced by Azerbaijan in the framework of the fight against a pandemic. Since the economy of a country was affected, a detailed analysis may provide a better understanding of the outcome, enlightening the areas which need more support and development.
- Topic:
- Development, Economy, COVID-19, and Health Crisis
- Political Geography:
- Eurasia, Caucasus, and Azerbaijan
5. The Azerbaijani economy in the first nine months of 2019: Brief Overview
- Author:
- CESD Research Team
- Publication Date:
- 10-2019
- Content Type:
- Special Report
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first nine months of 2019. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 2.5 % in January-September 2019 compared with the same period of previous year: The CESD’s figure for the same period was 2.0 %.
- Topic:
- Development, Budget, Economy, and Macroeconomics
- Political Geography:
- Eurasia, Caucasus, and Azerbaijan
6. The Azerbaijani economy in the first half of 2019: Brief Overview
- Author:
- CESD Research Team
- Publication Date:
- 08-2019
- Content Type:
- Special Report
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first half of 2019. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 2.4 % in January-June 2019 compared with the same period of previous year: The CESD’s figure for the same period was 2.0 %. The GDP totaled 37,825 billion manat ($22,250 billion USD) in the first half of 2019.
- Topic:
- Development, GDP, Economy, and Macroeconomics
- Political Geography:
- Eurasia, Caucasus, and Azerbaijan
7. The Economy of Azerbaijan in 2015: Independent View
- Author:
- CESD Research Team
- Publication Date:
- 01-2016
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- In 2015, the expansion of the US economy accompanied with improved employment rates led the FED to switch to contractionary monetary policy. On the other hand, the second largest economic power-China encountered a lower long-term economic growth rate with a fall in exports, and thereby adversely affecting global economic activity. Moreover, the rapid decline of prices in global fuel markets, owing to fundamental and political reasons, resulted in an economic downturn in countries reliant on their fuel exports, while importers experienced a higher economic activity in parallel with lower inflation expectations. Since the monetary and economic policies were originally anchored to the oil price of 90 USD, the average of 53.4 USD resulted in an economic imbalance, and ultimately leading to the second sharp devaluation at the end of the year (21.12.2015). That is to say, the Central Bank could no longer pursue the fixed exchange rate regime, and switched to the floating regime.
- Topic:
- Economics, Monetary Policy, Economy, and Currency
- Political Geography:
- Azerbaijan and South Caucasus
8. Devaluation of Azerbaijani National Currency; Causes and Consequences
- Author:
- CESD Research Team
- Publication Date:
- 02-2015
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- Starting on February 21st, 2015 the official exchange rate of the dollar to the manat, the Azerbaijani national currency, has been set at 1.05 manat, which is 33.86 percent higher than the exchange rate set prior to the beginning of the exchange rate weakening process. The Azerbaijani national currency has been depreciated against US dollar for the first time since 2006. Since the sharp drop of crude oil prices in the world market in the fall of 2014, the Central Bank of Azerbaijan has faced the dilemma of either a sharp depreciation or a gradual devaluation of the manat. In fact, the Central Bank has announced that a sharp depreciation would not be in the government’s agenda in the near future. But, just two days after the Central Bank’s governor’s official declaration on not having a sharp depreciation, the national currency of Azerbaijan has lost its value against major foreign currencies by 33.86 %. The Manat’s rate dropped to 1.05 from 0.78 against to US dollar.
- Topic:
- Economy, Exchange Rate Policy, Central Bank, and Currency
- Political Geography:
- Azerbaijan and South Caucasus
9. Assessment of the Effect of Declining Oil Prices on Azerbaijan Economy
- Author:
- CESD Research Team
- Publication Date:
- 12-2014
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- The main goal of this study is to assess how the oil price decline in the world market will potentially impact the Azerbaijani Economy. The paper specifically looks at how last changes in the world market will affect both the revenue and expenditure sides of the state budget. The study also examines the “side impact” and “domino effects” of low oil prices.
- Topic:
- Markets, Oil, Economy, Economic Growth, and Currency
- Political Geography:
- Azerbaijan and South Caucasus
10. Azerbaijan’s foreign trade; Comparative Analysis
- Author:
- CESD Research Team
- Publication Date:
- 03-2012
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- The CESD report on Azerbaijan’s foreign trade analyzes challenges and current developments in this sector. The paper reviews how foreign trade relations changed particularly in terms of countries and commodities since the independency. Different sources are referenced in the report in order to comparatively illustrate existing circumstances in above mentioned sector,
- Topic:
- International Trade and Finance, Oil, Economy, and Trade
- Political Geography:
- Azerbaijan and South Caucasus
11. Iran's Economy: On the Background of the New Sanctions
- Author:
- CESD Research Team
- Publication Date:
- 07-2012
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- CESD has produced new paper on Iranian economy on the background of the new sanctions. The paper looks current situation of Iranian economy, potential impacts of new sanctions, Iranian relations with West, neighbors as well as with Azerbaijan. The paper also focuses on social and economic impacts of new sanctions not only on Iranian economy but also Iranian population.
- Topic:
- International Relations, Sanctions, Population, and Economy
- Political Geography:
- Iran, Middle East, Azerbaijan, and South Caucasus