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Begin New Search Publishing Institution Center for Economic and Social Development (CESD) Publication Year within 5 Years

11. Amendments in the 2022 State Budget of Azerbaijan: Impacts and Perspectives

Author:
Nigar Islamli
Publication Date:
07-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
After the global pandemic, rising global demand, as well as the impact of geopolitical and military tensions, have led to a significant rise in the prices of major energy carriers in recent years. In the context of this pandemic, the recession in the country's economy in 2020 was replaced by the process of rapid economic recovery in 2021. The significant increase in oil prices in Azerbaijan had a positive effect on the nominal amount of GDP, although the increase in nominal GDP was mainly due to the oil sector, the real growth was possible almost due to non-oil sectors. The economic situation for the past period of the current year, the medium-term socio-economic forecast indicators, and the performance of budget revenues more than expected made it necessary to revise the state budget for 2022.
Topic:
Oil, Budget, GDP, Economy, and COVID-19
Political Geography:
Azerbaijan

12. Potential Expansion of the Southern Gas Corridor (SGC): New Realities and Opportunities

Author:
Nigar Islamli
Publication Date:
06-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
The article clarifies the directions in which the Southern Gas Corridor (SGC) can be expanded and gas can be transported to how many countries. For the expansion of the SGC, countries such as Bulgaria, Poland, Hungary, the Czech Republic, and Romania are studied in this paper. The issue of reducing Europe's 40% dependence on Russian gas and Europe's search for alternative energy sources and the expansion of the Southern Gas Corridor, one of the largest gas export projects to Europe, are on the agenda. In addition, the threat of several European countries - Poland, Bulgaria, Finland, the Netherlands, and Denmark - refused to pay for Russian gas in rubles, and as a result, the supply of gas is cut off.
Topic:
Gas, Exports, and Energy Dependence
Political Geography:
Russia, Europe, Poland, Bulgaria, Romania, Hungary, and Czech Republic

13. The Implications of the Third Trilateral Meeting in Brussels

Author:
Emin Mammadov
Publication Date:
05-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
In a way towards a productive peace-building process, discussing the situation in South Caucasus and deepening economic cooperation between the EU and both countries, on May 23 President of the European Council Charles Michel hosted the President of Azerbaijan: Ilham Aliyev and Prime Minister of Armenia: Nikol Pashinyan. Following the 6 April meeting, which is called by the President Ilham Aliyev as a starting point in the normalization of relations between Armenia and Azerbaijan, the content of the recent meeting is once more characterized by its promising and necessary provisions that will serve the interests of Azerbaijan and development of the region more broadly.
Topic:
International Relations, Diplomacy, and European Union
Political Geography:
Europe, Caucasus, Armenia, Azerbaijan, and Brussels

14. The Azerbaijani economy in the first four months of 2022: İndependent View

Author:
CESD Research Team
Publication Date:
05-2022
Content Type:
Working Paper
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 four months of 2022. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 7.2 % in January-April 2022 compared with the same period of previous year: The CESD’s figure for the same period was 6.5 %.
Topic:
Development, GDP, Economy, and Macroeconomics
Political Geography:
Azerbaijan

15. Azerbaijani Gas Export to Europe: What Advantages Are There?

Author:
CESD Research Team
Publication Date:
05-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
Following Russia's decision to restrict natural gas exports to Poland and Bulgaria, energy security has become a priority in the European Union. Although the ancient continent is trying to increase gas imports from alternative sources, Gazprom is still trying to maintain its dominance in Europe for some time. Meanwhile, Azerbaijan continues to increase natural gas production. In the first quarter of this year, Azerbaijan produced 11.8 billion cubic meters of natural gas. 3.5 billion cubic meters of gas were produced from ACG, 6.4 billion cubic meters from Shah Deniz, and 1.9 billion cubic meters from SOCAR. During that period, gas exports amounted to 5.9 billion cubic meters. 2.2 billion cubic meters of gas were exported to Turkey, 2.6 billion cubic meters to Europe, and 1.1 billion cubic meters to Georgia. More than 4 billion cubic meters of gas were transported to Turkey via TANAP during this period.
Topic:
European Union, Gas, Exports, Russia-Ukraine War, and Energy Sector
Political Geography:
Russia, Europe, Poland, Azerbaijan, and Bulgaria

16. The economic impact of COVID-19 on Turkish-Azeri bilateral relations

Author:
Duncan Labadie
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
While the economic instability of the international system resurrected debates about the future of the World Order, diving against the current and studying in a destabilizing pandemic context a bilateralism touted for its durability and solidity seemed academically attractive. Thus, the purpose of this research paper is to verify whether COVID-19 is causing fatal economic disruptions among the iron alliances, or if on the contrary one is witnessing an "unnatural" strengthening. By reconciling empirical data (reports of the Central Bank, the OSCE, press articles) and academic papers, this study analyzes the surprising Turkish-Azeri economic consolidation before questioning its still-perceptible limitsin the short and long term. This work concludes that through the neorealist prism, Ankara and Baku managed to transform Covidian negativity into an element of strategic economic cooperation aimed at repairing financial loopholes on a national scale.
Topic:
Economics, War, Bilateral Relations, Natural Resources, COVID-19, Liberalization, and Asymmetric Relations
Political Geography:
Turkey and Azerbaijan

17. 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

18. Potential Impacts of Sanctions against Russia on the Non-oil Exports of Azerbaijan

Author:
Eldayag Mustafayev
Publication Date:
04-2022
Content Type:
Working Paper
Institution:
Center for Economic and Social Development (CESD)
Abstract:
By using statistical descriptive analysis, this article analyzes how the isolation of Russia from the international trade and finance system, as a result of the Western sanctions, will affect the Russian trade turnover and what type of future challenges and opportunities it may provide for the non-oil export base of Azerbaijan. In terms of the opportunities, Azerbaijan can further focus on its main non-oil export goods such as agricultural and chemical industrial products to capture an additional share in the semi-abandoned Russian market, along with considering possible competition pressure coming from the other non-western Russian trade partners. Re-exporting opportunities currently are limited in scale and have a risk of facing international sanctions and criticism.
Topic:
International Trade and Finance, Sanctions, Exports, and Russia-Ukraine War
Political Geography:
Russia and Azerbaijan

19. 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

20. 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