President Ilham Aliyev appointed Emin Zamin Oglu Huseynov Deputy Minister of Finance on June 24.
42-year-old E. Huseynov earlier served as Director of the Center for Research and Development of the Central Bank of Azerbaijan.
Emin Huseynov graduated from the State University of Economics (1996) and from the Master’s course at Florida State University (USA, 1998). In 2009, he graduated from the Master's course in public administration at Harvard University. He worked at the World Bank and the IMF representative in Baku, and since 2005 – in the Central Bank of Azerbaijan.
The Minister of Finance has the First Deputy and two Deputies. 08D
Economics
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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