Powers of Three Members of Central Bank`s Board Extended for Five Years Again
The Parliament of Azerbaijan has extended for another 5 years the powers of 3 members of the Board of the Central Bank - Alim Guliyev, Vadim Khubanov and Aftandil Babayev.
At present, A. Guliyev is the First Deputy Chairman of the CBA Board, and V. Khubanov and A. Babayev are Deputy Chairmen of the CBA Board.
It should be noted that Elman Rustamov has been Chairman of the Board of the Central Bank since 1995. ----71D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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