The candidacy of 63-year-old Elman Rustamov has been again nominated for the post of Chairman of the Central Bank of Azerbaijan (CBA). It is the 5th consecutive five-year term.
The corresponding representation was made by the head of state in Parliament and will be considered on April 3. This was announced by MP Vahid Ahmedov.
Note that Rustamov played a key role in the recent devaluation of the national currency, when in just one day the mnat was devalued by 33.5% against the dollar and the euro.
However, on the eve of that Rustamov persuaded them all that devaluation will not happen and the cheapening of the manat will be gradual, not exceeding 10% by the end of the year.
Rustamov was first appointed for this position in 1995 -06B-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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