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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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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