New assistant for economic reforms of the president of the state s
By presidential decree, Natig Amirov was appointed assistant to the president for economic reforms. Prior to that, Amirov worked as First Deputy Minister of Taxes. Natig Amirov (1967) is a graduate of the Leningrad Financial-Economic Institute. He started his career in the city of Sumgayit as an economist; in 1991, became a tax inspector, and then became deputy head of the tax office of Sumgait in 2000. Then he was transferred to the tax office of Sabail district of Baku, and in 2001 to the Ministry of Taxes, where he headed a number of departments.
In August 2005 he was appointed deputy minister, and in March 2009 - the first deputy minister of taxes.
It is noteworthy there was not similar position in the president’s administration. However, the president has such an economic advisor - Vahid Akhundov, who for a long time is silent, and does not confirm his need. In addition, the president has an assistant for economic issues - Ali Asadov, which is not recently is not welcomed. This happened after a corruption scandal with the director of the Flag Square Rashad Mamedov, who was arrested for theft. According to unofficial data, to the post of Ali Mamedov recommended Asadov.-02D-
Economics
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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.
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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.
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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.
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"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.
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