Spektr Center for Research and Development with the support of the State Agency for Support to Non-Governmental Organizations of the Republic of Azerbaijan prepared a report on “Ensuring financial transparency and improving the country’s position in the Open Budget Index in the framework of reforms to promote open government in Azerbaijan”

Spektr Center for Research and Development, with the support of the State Agency for Support to Non-Governmental Organizations of the Republic of Azerbaijan, implemented the project “Ensuring financial transparency and improving the country’s position in the Open Budget Index as part of reforms to promote open government in Azerbaijan.” Within the framework of the project, […]

Azerbaijan Quarterly Economic Outlook (January-March 2022)

Highlights: The economy of Azerbaijan showed a strong growth of 6.8% with both the non-hydrocarbon (10.3%) and hydrocarbon (0.6%) sectors in March 2022. The CPI inflation rate surged to 12.2% yoy in March 2022, driven mostly by food price inflation and large-scale disruptions in global supply chains; Foreign trade turnover accounted for USD 10.9 billion [...]

Spektr Center for Research and Development launches project “Enlightenment of farmers on new subsidy rules in Ganja and Gazakh”

“Spektr” Socio-Economic Researches and Development Public Union, winner of the grant competition organized by the Council of State Support to Non-Governmental Organizations under the President of the Republic of Azerbaijan together with the Ministry of Agriculture of the Republic of Azerbaijan, launched the project “Enlightenment of farmers on new subsidy rules in Ganja and Gazakh”. […]

Spektr Center for Research and Development has been selected as a member of the Eastern Partnership Civil Society Forum and the Forum’s National Platform.

Spektr Center for Research and Development has been selected as a member of the Eastern Partnership Civil Society Forum (EaP CSF) of the European Union and the Forum’s National Platform. This membership will allow the Center to be actively engaged in the activities of the Forum, including participation at annual Working Group meetings and Annual […]

Ramil Abbasov, Chairman of the Managing Board of Spektr Center for Research and Development talked to “bizimyol.info” on the measures were taken on public finance management

Ramil Abbasov, Chairman of the Board of the Spectr Center for Research and Development, spoke about the measures taken to improve public financial management. Referring to the work done in recent years on the application of fiscal rules and the transition to result-based budgeting , the expert said that these steps are important in terms […]

The International Monetary Fund (IMF) has released positive medium term forecasts for the Azerbaijan economy.

On September 6, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Azerbaijan. The economy is continuing to recover from a banking crisis and recession. Real GDP growth reached 1.4 percent in 2018 and 2.4 percent in the first half of 2019, supported by increases in natural […]

What does the Law on Education Loans promise?

Ramil Abbasov, Chairman of the Spektr Center for Research and Development and expert Nadir İsrafilov gave an interview on the education credits to Azadinform Agency. One of the key issues on the agenda is the drafting of the law on education loans. This was stated by the chairman of the Committee on Science and Education […]

Rashad Hasanov, Director of Spektr Center for Research and Development discussed the main objectives of fiscal policy in the post-oil era, implementation of the fiscal rules and mid-term expenditure framework issues on ARB 24 TV.

A number of important measures have been taken to adjust fiscal policy with the new challenges in the post-oil era in Azerbaijan. Amendments to the Law on Budget System, new provisions on the application of fiscal rules. The approval of the Rules on the implementation Medium-Term Expenditure Framework has been approved. A medium- and long-term […]

Rashad Hasanov, director of Spektr Center for Research and Development discussed specific features of macro-fiscal policy in resource-rich countries on ARB 24 TV.

Rashad Hasanov (Rashad Bayram), Director of the Spektr Center for Research and Development, participated at the seminar titled “Public Policy Challenges – European and Regional Dimensions” organized by Институт за икономическа политика / Economic Policy Institute in Bulgaria on 3-7 June 2019.