Elman Rustamov and Khagani Abdullayev have been appointed members of the Board of the Central Bank of Azerbaijan. The decision was taken at the plenary session of the Milli Majlis on April 3.
The deputies welcomed the activities of Elman Rustamov on this post. Speaker Oktay Asadov called Rustamov "professional staff".
Elman Rustamov was the head of the Board of the Central Bank since 1995 and Khagani Abdullayev was elected to the Board in 2010.
Powers of Elman Rustamov completed on April 6 in connection with which the head of state proposed his re-election for another 5-year term.
Recall that the name of Elman Rustamov was inclined in a corruption scandal in 2013, regarding a bribe during the printing of the Azerbaijan national currency in Austria.
Serious criticism of Rustamov was also caused by his statement on the eve of a sharp devaluation of the manat in February, although he claimed that this would not happen. -03D04-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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