President Ilham Aliyev appointed Ilgar Nazim Oglu Muradov member of the Board of Directors of the Financial Market Control House (FMCH) on March 29.
That same day, Ibrahim Asad Oglu Alyshov was appointed CEO in FMCH.
45-year-old Ilgar Muradov previously served as Deputy Chairman of the State Securities Committee.
Ibrahim Alyshov was born in Sumgait in 1967. He graduated from the State University of Economics. He worked in the tax office and the banking sector. Prior to his appointment in FMCH he served as Chairman of the Supervisory Board of JSC Caspian Development Bank.
Recall that today the Chairman and the First Vice-Chairman of the public legal entity FMCH were appointed.
The order on the establishment of FMCH was signed on February 3.
The FMCH Board of Directors, in accordance with its Statutes, consists of five people.
The issue of the administrative building of FMCH has not been resolved yet. It is temporarily located in the building of the National Depository Center. On March 29, NDC left its building. ------08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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