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  • Author: Orkhan Huseynov
  • Publication Date: 05-2019
  • Content Type: Policy Brief
  • Institution: Center for Economic and Social Development (CESD)
  • Abstract: The automotive industry is a major employment generator in many economies, with millions of people earning their livelihood, both directly and indirectly. According to the International Organization of Motor Vehicle Manufacturers (IOMVM), the current turnover of the automobile industry is around 2 trillion EURO and is equivalent to the size of 6th largest economy in the world. While there has been a growth momentum for the global automotive industry in the past, it is also facing challenges of late, especially in view of the increasing cost of production and slowing down of demand. The world automotive industry is also faced with the challenge of undertaking R&D and designing fuel-efficient vehicles in view of volatile oil prices. The environmental challenges have also assumed critical importance to the automotive industry at the backdrop of climatic change
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Rashad Hasanov
  • Publication Date: 01-2019
  • Content Type: Policy Brief
  • Institution: Center for Economic and Social Development (CESD)
  • Abstract: The existence of a well-functioning business environment is a key factor in the diversification of the economy, the efficient use of available resources and ensuring sustainable growth. The business environment, in its turn, should be regarded as a composite of conditions that incorporate quite complex components. If one or more of the composition components are not functioning appropriately, the result you will get is not adequate to the available capacity. The existence of contemporary institutions is the absolute requirement for a "good business environment", performing functions such as coordinating all other economic advantages, organizing appropriate arrangements, and risk management.
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Publication Date: 03-2019
  • Content Type: Policy Brief
  • Institution: Center for Economic and Social Development (CESD)
  • Abstract: In January-February of 2019, activity in foreign exchange markets has further escalated. According to the information provided by the State Oil Fund of Azerbaijan (SOFAZ), during the corresponding period 951 million US dollars were sold, including 634.9 million in January and 316.2 million in February. This is 47.2% higher than the same period of the previous year.
  • Topic: International Relations, International Affairs
  • Political Geography: Global Focus
  • Author: Rashad Hasanov
  • Publication Date: 02-2019
  • Content Type: Policy Brief
  • Institution: Center for Economic and Social Development (CESD)
  • Abstract: Following the recession and stagnation of the economy of Azerbaijan in 2015-2017, a growth of 1.4% was recorded in 2018. Economic growth has been mainly driven by the following factors. Favorable foreign economic environment for Azerbaijan from the context of oil prices: the initial forecast of the oil prices by the Azerbaijani government at the beginning of 2018 was 45 US dollars per barrel. Then, during the second half of the year, the forecast was adjusted to 55 US dollars per barrel. However, the actual price of one barrel of oil for the reporting period was above 71 US dollars (29% higher than forecasted)…
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Dan Breban
  • Publication Date: 02-2019
  • Content Type: Policy Brief
  • Institution: Center for Economic and Social Development (CESD)
  • Abstract: The current external macroeconomic conditions observed throughout the year of 2018, such as increasing rates by FED/ECB, exerts certain pressure on the economies of developing nations. Despite hovering well-over its predicted value for most of the year, the recent decline in the price of oil once again puts question marks for the future of the commodity. Considering all of the above mentioned facts in mind, dependence of 2019 state budget of Azerbaijan on oil, where 50.4% of revenues directly come from the oil sector further makes the country more vulnerable to oil price fluctuations. The largest hike is observed in the amount of revenues collected through the excise taxes while the biggest decline is in income taxes, reflecting the new amendments to the tax code. Expenditures of the state budget are going to be 7.3% higher in 2019, with the most significant boost observed in construction sector. This fact undermines the efficiency of the public funds, as the expenditures towards construction are more likely to become subject of mismanagement. When looking at the SOFAZ’s budget, a clear trend of increasingly allocating more and more funds to the state budget can be seen. As expected, new amendments were made to the fiscal rule in order to make it more flexible, however, the effectiveness of these changes are still unclear.
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Victoria Bittner
  • Publication Date: 02-2019
  • Content Type: Policy Brief
  • Institution: Center for Economic and Social Development (CESD)
  • Abstract: The establishment of the Eastern Partnership (EaP) policy as a part of the European Neighborhood Policy (ENP) sets new objectives for the deepening of cooperation between the EU and EaP countries, and the greater integration of the EaP based on shared norms, values and standards. Forming the eastern divide of the ENP, Armenia, Azerbaijan, Belarus, Ukraine, Moldova, and Georgia are considered official neighbors of the EU, although half of these countries (Armenia, Azerbaijan and Georgia) do not lie on the immediate borders of the EU. However, these South Caucasian countries play an important transit role by connecting the EU with Central Asia and China. Hence, the Baku-Tbilisi-Kars (BTK) railroad, crossing Azerbaijan, Georgia, and Turkey, establishes a significant link in the further development and integration of regional and global transit corridors stretching from China to Europe through Central Asia and the South Caucasus.
  • Topic: International Affairs
  • Political Geography: Global Focus
  • Author: Jasmine El-Gamal
  • Publication Date: 03-2019
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: European governments must decide when and how to protect Syrian refugees who are voluntarily returning home They should do so using their remaining levers of influence in Syria, in line with European interests and UNHCR protection parameters. European engagement on voluntary refugee returns should be limited, cautious, and conditional. Europe must work with Middle Eastern host countries to prevent forced refugee returns. European governments must talk to all relevant stakeholders in the Syrian conflict, particularly Russia.
  • Topic: International Cooperation, International Affairs, Refugee Crisis
  • Political Geography: Syria
  • Author: Asli Aydıntaşbaş
  • Publication Date: 03-2019
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: European fears of Turkish expansionism in the Western Balkans have no basis in reality. Turkey spots opportunity in the region – yet it actually wants the Western Balkans inside the EU and NATO.The AKP’s approach once deserved a ‘neo-Ottoman’ tag, but Erdogan has since refocused on personalised diplomacy and pragmatic relations. Western Balkans governments remain reluctant to act on Turkey’s behalf by pursuing Gulenists, despite overall warm ties. Europeans should cease questioning Ankara’s motives and work on shared goals instead – hugging Turkey close and keeping it out of Russia’s embrace
  • Topic: Civil War, International Affairs
  • Political Geography: Balkans
  • Author: Yaakov Lappin
  • Publication Date: 04-2019
  • Content Type: Policy Brief
  • Institution: The Begin-Sadat Centre for Strategic Studies (BESA)
  • Abstract: EXECUTIVE SUMMARY: The Trump administration’s decision to designate Iran’s Islamic Revolutionary Guards Corps (IRGC) as a terrorist entity will ultimately be judged by how successful it is in changing Iran’s conduct.
  • Topic: International Affairs
  • Political Geography: Israel
  • Author: James M Dorsey
  • Publication Date: 04-2019
  • Content Type: Policy Brief
  • Institution: The Begin-Sadat Centre for Strategic Studies (BESA)
  • Abstract: EXECUTIVE SUMMARY: The US designation of Iran’s Revolutionary Guards as a terrorist organization, and the Iranian response, has potentially put US military personnel in the region in harm’s way. The designation increases economic pressure on Iran because the IRGC is not only an army but also a commercial conglomerate – but it remains to be seen to what degree the sanctions will affect the IRGC
  • Topic: International Affairs
  • Political Geography: Israel