Results 1-5 of 5
Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth
(Center for Economic and Social Development, 2017-05-03)
The execution of the State Oil Fund of Azerbaijan's (SOFAZ) 2016 budget has been approved. According to a Presidential decree, SOFAZ's revenue was 9.410 billion manat ($5.881 billion USD) and expenditure was 9.022 billion manat ($5.638 billion USD). ...
The cost of Azerbaijan's leaving the Extractive Industries Transparency Initiative (EITI): analysis of the impact on the economy and civil society
(Center for Economic and Social Development, 2017-03-30)
Azerbaijan's membership in the EITI is considered a key asset to the country's oil and natural gas economy. As a result of leaving the EITI, Azerbaijan might be regarded as ineligible for future loans by the World Bank and other international institutions ...
Why Azerbaijan needs a Strategic Reform of its foreign policy towards the European Union?
(Center for Economic and Social Development, 2016-04-30)
During the course of 2015 Azerbaijan suffered the impact of two devaluations of the national currency, Azerbaijani Manat (AZN), due to the decrease of the world oil prices. Given that oil and natural gas accounts for more than 90% of Azerbaijani exports, ...
Amendments to the 2018 State Budget in Azerbaijan: Back to the oil boom period?
(Center for Economic and Social Development, 2018-06-30)
As expected, in the 2nd week of June, the Azerbaijani government started to revise the state budget and make amendments to it. It should be noted that the higher-than-expected prices of hydrocarbon products in global markets have created a basis for ...
The Economy of Azerbaijan in 2017 -Brief Overview
(Center for Economic and Social Development, 2018-01-16)
The year 2017 posed severe challenges for the economy of Azerbaijan, as it experienced a 3.1% decline in 2016, its first negative GDP growth since 1995. According to initial estimations of EBRD, the economy was expected to experience another negative ...