Ministers not having dialogue with big business will be removed from office
President Ilham Aliyev intends to intensify the dialogue between the executive and business. Yesterday Telman Aliyev, chief executive of Caspian European Club (CEIBC), which is chaired by the head of state, appealed to ministers asking them not to ignore the initiative of businesses to conduct business meetings.
According to the director, the club has more than 500 companies and organizations from 50 countries. "We first ask our ministers through the media to support the initiative of the President to make productive dialogue," he said. The fact is that of the five leading business associations of Azerbaijan only two manage to systematically organize a meeting at the ministerial level.
"Unfortunately, we sometimes hear from officials illogical, rude and sometimes sensational pretexts for refusing to participate in our business forums. The list of ministers we appeal to with official letters is previously discussed with the heads of companies, which is why the meeting held behind closed doors is an active discussion of issues and proposals in almost all sectors of the economy," complains Aliyev.
Most likely, the ministers did not hear the call from the director of CEIBC and he complained to the President. Telman Aliyev wrote on his Facebook that before the end of June the ministers not hearing the appeal for dialogue will be removed from office. -17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review