At today's plenary session of Milli Majlis 4 new members of the Board of the Central Bank of Azerbaijan were approved.
The new members are Togrul Aliyev, Gular Pashayeva, Ali Ahmedov and Vusal Khalilov, who are still general directors of the CBA.
In addition, Rashad Orujev was excluded from the Board by the Milli Majlis' decision.
Thus, the number of permanent members of the Board of Directors rose from 3 to 6. This number should be 7 according to the Law.
Finance
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‘Baku Stock Exchange' (BSE) has started its work since 19 November to take part in the annual meeting of the World Federation of Exchanges (WFE), which will end on 22 November.
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There is additional potential in Azerbaijan associated with budget receipts from leasing of state property.
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In 2025, AZN 1,162.6 million is forecasted to be allocated from the state budget to 56 public legal entities in Azerbaijan.
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Azerbaijan has set a limit of AZN 2 billion on domestic borrowing, AZN 3.5 billion on external borrowing and AZN 2 billion on state guarantees in 2025, but no justification has been provided.
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