The twinning project "Support to the Ministry of Taxes in the development of human resources" starts. The joint idea of the Ministry of Taxes of Azerbaijan and the European Union will be implemented over two years, the Deputy Minister Sahib Alakbarov told the media today. According to him, the purpose of the intentions is increasing the capacity and knowledge of the main fiscal agencies on the basis of long-term strategy.
The project will develop rules and regulations to increase the motivation of employees of tax authorities and their professional growth. Partners will be the similar ministries from Spain and France.
The head of the EU Delegation in Baku Malena Mard noted that the cost of the project is € 1 million. She believes that in this framework an HR strategy and an action plan will be prepared for the Ministry of Taxes. --17D-
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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