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1. Tourism in the South Caucasus region during the post-pandemic period

Author:
Murad Agayev
Publication Date:
01-2023
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This article explores the tourism sector of the South Caucasus region in the post-pandemic period. In general, due to the pandemic, the share of the tourism sector in the global GDP has decreased by more than 2 times. In the post-pandemic period, although the share of the sector in the global GDP has increased again, it lags behind the statistics of the pre-pandemic period. Surrounded by the Black Sea from the west and the Caspian Sea from the east, the South Caucasus region has a unique nature, rich historical and cultural heritage, unique gastronomy, traditions and riches that transcend national borders.
Topic:
Tourism, GDP, and COVID-19
Political Geography:
Azerbaijan and South Caucasus

2. Assessing the importance of new corridors in the South Caucasus in the context of the RussianUkrainian war

Author:
Murad Agayev
Publication Date:
01-2023
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
This article analyzes the possibilities of a new corridor in the South Caucasus region in the context of the Russian-Ukrainian war. The research is important because after the 44-day war, fertile conditions for new opportunities have emerged in the South Caucasus region. The RussianUkrainian war and the resulting damage to the transport sector, like other sectors, necessitated the creation and use of alternative routes. The questioning of the security of the Black Sea due to the war and the closing of the European space for Russia created a problem for the countries that used Russia and the Black Sea to reach Europe. These countries are already evaluating alternative opportunities to the corridors. One of these possibilities is the Middle Corridor project, which has seen an increase in the volume of transported cargo since its inception, except during the pandemic period. During the war, the shortest possible transport corridor from China to Europe will be provided after the financial investment in the infrastructure and the integration of the Zangezur Corridor into the Middle Corridor, and work on this process is currently being continued. The North-South Corridor, which has been discussed for a long time however has not gained much popularity, gained even more importance during the war, and the works related to the construction of the infrastructure of the corridor were accelerated.
Topic:
Security, Infrastructure, Transportation, and Russia-Ukraine War
Political Geography:
Russia, Ukraine, Azerbaijan, and South Caucasus

3. The Future Offers of the Second Trilateral Meeting in Brussels for the Region

Author:
Emin Mammadov
Publication Date:
04-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
For a continuation of the discussion on the situation in South Caucasus and deepening cooperation between the EU and both countries, on April 6 President of the European Council Charles Michel held a meeting with the President of Azerbaijan Ilham Aliyev and Prime Minister of Armenia Nikol Pashinyan where EU’s commitment in overcoming tension and the peace-building process was further expressed. The EU reiterated the necessity to adhere to the provisions of 09/10 November 2020 trilateral statement.
Topic:
Diplomacy, European Union, and Peacebuilding
Political Geography:
South Caucasus and Brussels

4. 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

5. 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

6. 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

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. The response of Turkey and Russia after Jet Crisis and the implications for the South Caucasus

Author:
Cristina Juan Carrion, Gulnara Abbas, and Ibrahim Ibrahimov
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
In 2016 and years thereafter, the economies of Turkey and Russia will experience considerable change due to sanctions imposed by the Russian government as a response to the downing of a Russian warplane in November 2015.The dissolution of Russian-Turkish ties has also affected neighboring regions, especially the South Caucasus. As a result, there will be a transformation in economic, political, demographical and social trends. The sectors of agriculture, energy and especially tourism will face tremendous changes with the performance of new key players.
Topic:
Agriculture, Energy Policy, Migration, Labor Issues, Tourism, Sanctions, Economy, and Transportation
Political Geography:
Russia, Eurasia, Turkey, Middle East, and South Caucasus

9. 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

10. Energy Security and Energy Union Perspectives for Azerbaijan

Author:
Rovshan Jamalov and Tahmasib Alizada
Publication Date:
12-2015
Content Type:
Policy Brief
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Azerbaijan is a reliable partner in the energy security issue for the oil importer countries. Country has sufficiently traditional energy resources which already invested on this energy sector. However, country geographical location gives opportunity in order to use the alternative and renewable energy resources which helps to keep the balance of the utilization of energy resources. The energy security is also main important issue for the country. Therefore, country broaden the relation with the EU in the context of EU energy security and EaP partnership countries.
Topic:
Security, Energy Policy, European Union, Renewable Energy, and Geography
Political Geography:
Europe, Azerbaijan, and South Caucasus