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21. The Subsequent Return to Sochi Platform: New Opportunities for Sustainable Peace in the South Caucasus

Author:
Emin Mammadov
Publication Date:
12-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Following the Russian-broken peace deal in November 10, 2020, in a way towards the sustainability of peace building process and peace situation in the South Caucasus along with the newly emerging politically and economically viable opportunities, the process has been drawing the attention of regional and international stakeholders with multidirectional views and varying degrees of contribution. In the aftermath of Prague meeting on the heels of recent escalations along the Armenia and Azerbaijani border, which revealed to be another willing step by the EU in this vein though French President’s biased approach has been reiterated, activism from the side of Russian media is being observed and the return to Sochi Platform with the mediation the President of the Russian Federation in the trilateral meeting with the President of the Republic of Azerbaijan and with the Prime Minister of Republic of Armenia was held in the city of Sochi on October 31 which is considered of exceptional importance to ensure the implementation of the agreements of 9 November 2020, 11 January and 26 November 2021..
Topic:
Diplomacy, Territorial Disputes, Negotiation, Peace, Sustainability, and Nagorno-Karabakh Conflict
Political Geography:
Armenia, Azerbaijan, and South Caucasus

22. EU-Azerbaijan Economic Relations: New Perspectives and Targets

Author:
CESD Research Team
Publication Date:
12-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
The study is an example of the series on issues analyzing the EU-Azerbaijan economic relations which can be considered a step forward to empower economic approach in the policy-making process aiming to provide an alternative view in addressing current challenges and developments in Azerbaijan. The European Union’s relations with Azerbaijan have been formulated based on the EU-Azerbaijan Partnership and Cooperation Agreement which entered into force since 1999. In February 2017, the EU and Azerbaijan began negotiations on a new framework agreement designed to enhance the political dialogue, trade and mutually beneficial cooperation covering a wide range of economic aspects. One of the most important strategies of EU in the energy policy is to ensure energy security through diversification of energy routes. Azerbaijan is a strategically important energy partner for the EU and plays a significant role in bringing Caspian energy resources to the EU market. In 2018, the EU and Azerbaijan endorsed joint Partnership Priorities, along the four Eastern Partnership priorities that accompany the political dialogue and economic cooperation….
Topic:
International Relations, Economics, European Union, and Partnerships
Political Geography:
Europe, Caucasus, and Azerbaijan

23. Independent Assessment of the Implementation of the 2020 State Budget of Azerbaijan

Author:
CESD Research Team
Publication Date:
06-2021
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This independent evaluation aims to investigate the implementation of the 2020 State Budget of Azerbaijan. The pandemic, which has lasted since 2020, has brought significant changes in the world. The changes in terms of both quality and quantity were reflected in the economic environment and individual's livelihood. Because of the requirement for long-term quarantine conditions to battle the pandemic, both developed and developing countries have experienced economic downturns. The research comprises forecast indicators defined by the appropriate executive authority during the year, as well as the draft legislation on 2020 state budget implementation, in addition to the forecast indicators represented in the material provided with the original and updated draft state budget for 2020. The basic order is as follows; introduction, revenues, expenditures, fiscal sustainability, sequestration of costs, cost reduction, receipt of subsidies from the budget, optimization of receivables, distribution of expenditures, and debts. The results included graphical and tabular descriptions.
Topic:
Economics, Government, Budget, and COVID-19
Political Geography:
Azerbaijan and South Caucasus

24. Amendments to state budget of Azerbaijan for 2020: Reasons and Expectations

Author:
Narmina Gasimova and Nigar İslamlı
Publication Date:
06-2020
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Nowadays, global economic growth has been severely affected beyond anything passed in nearly a century. The outbreak of the coronavirus disease has brought its negative impact and destructive outcome on the economies alongside with the sharp fluctuations in global energy and stock markets. There might be observed a subsequent sharp decline in the number of transactions and practical shutdown of many markets due to the large-scale quarantine and self-isolation measures. Taking into consideration the abovementioned factors, it becomes clear that there emerged a need to revise all economic forecasts for 2020-2021. The International Monetary Fund (IMF) predicted a decline of the global economic growth rate in April (-3%), but in accordance with the current circumstances, the figures were revised in June, representing a 4.9% decrease. In spite of a fact that Azerbaijan became one of the first countries among the post-soviet countries, that allocated the largest share of GDP, in order to eliminate the economic problems caused due to the pandemic, the impact of the emerged difficulties made a necessity to revise the budget.
Topic:
Budget, GDP, Economy, Coronavirus, IMF, and COVID-19
Political Geography:
Eurasia, Caucasus, and Azerbaijan

25. 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

26. 2021 State Budget of Azerbaijan: Independent View

Author:
Narmina Gasimova
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Restoring its territorial integrity, the Republic of Azerbaijan has entered a new era. The state authorities have to carry out restructure and infrastructure building tasks in the liberated territories to provide energy, utilities, transport infrastructure, and create conditions for life and business of citizens returning to their native lands. Therefore, one of the main features of the state budget for 2021 is the creation of financial security to implement the aforementioned honorable and responsible tasks. Along with their implementation, the budget for 2021 envisages the creation of financial guarantees for further improvement of the people's welfare, sustainable economic development, and implementation of state programs.
Topic:
Energy Policy, Infrastructure, Budget, Economy, Transportation, and Utilities
Political Geography:
Azerbaijan and South Caucasus

27. Social consequences of the oil price shock in the resource rich post-soviet countries

Author:
CESD Research Team
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This study seeks to determine the impact the fall in global oil prices post-2014 had on the welfare of the populations of three resource-rich post-Soviet states: Russia, Kazakhstan, and Azerbaijan. Changes in welfare will be explored through the analysis of several socio-economic indicators affected by the local currencies’ devaluations. It will be suggested that the single-commodity export dependence of the countries concerned, and the domestic development of non-tradeable sectors faltered in the face of external shocks. Several policy suggestions are offered to mitigate the effects of the economic downturns observed.
Topic:
Oil, Gas, Exports, and Welfare
Political Geography:
Russia, Eurasia, Kazakhstan, and Azerbaijan

28. 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

29. 2020 State Budget of Azerbaijan: Brief Independent Review

Author:
CESD Research Team
Publication Date:
09-2019
Content Type:
Special Report
Institution:
Center for Economic and Social Development (CESD)
Abstract:
he Ministry of Finance of the Republic of Azerbaijan presented the draft of the 2020 State Budget. According to the document, the growth rate of the Gross Domestic Product (GDP) in Azerbaijan is expected to decline by 2020. The draft State Budget takes the expected cost per barrel in 2020 as US $55. Despite the fact that it is US $5 less than the previous year’s price, it doesn’t fully ensure related risks. Thus, CESD suggests to take US $50 per barrel for the state budget next year.
Topic:
Oil, Budget, GDP, and Finance
Political Geography:
Eurasia, Caucasus, and Azerbaijan

30. Azerbaijan’s Tourism Sector – Opportunities and Obstacles

Author:
Madina Hashimli
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This research paper is a comprehensive study of the Azerbaijani government’s strategies for the tourism sector. It will gauge the government’s policy in affecting tourist patterns and explore whether the existing capacity of tourist infrastructure is aligned with the government’s goals. It will be suggested that several issues, such as targeted visa regimes, high prices in air transportation, and lack of adequate accommodations, detract from the sustainable development of the tourism sector in Azerbaijan and, as such, must be addressed by the government in order to make full use of the potential of this sector.
Topic:
Government, Tourism, and Economy
Political Geography:
Eurasia, Caucasus, and Azerbaijan