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
-
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.
-
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.
-
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.
-
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.
Leave a review