Elvin Mammadov, Phd

Total Page:16

File Type:pdf, Size:1020Kb

Elvin Mammadov, Phd Curriculum vitae PERSONAL INFORMATION Elvin Mammadov, PhD S.Behlulzade str. 2., AZ5000 Sumgait (Azerbaijan) (+994) 55 743 81 14 (+994) 12 349 99 66/67 [email protected] Skype ememmedov1 Sex Male | Date of birth 12 Apr 1986 | Nationality Azerbaijani WORK EXPERIENCE 05/09/2017–Present Lecturer / Coordinator of Economics Department Khazar University 11 Mehseti Str. 41, AZ1096 Baku (Azerbaijan) www.khazar.org Main teaching areas: ▪ Financial Management ▪ Financial Accounting ▪ Financial Statement analysis ▪ Financial Reporting Business or sector Education 15/02/2017–Present Lecturer (Part-time) Baku Engineering University Hasan Aliyev str. 120, AZ0101 Khirdalan (Azerbaijan) www.beu.edu.az Business or sector Education 11/11/2016–Present Lecturer Azerbaijan State Economic University Istiqlaliyyat str. 6, Baku (Azerbaijan) www.unec.edu.az Business or sector Education 27/05/2017–03/06/2017 Erasmus Visiting Academic Staff Babes-Bolyai University, Cluj-Napoca (Romania) 15/02/2015–01/09/2015 Head of Finance Department Qafqaz University Hasan Aliyev str. 120, AZ0101 Khirdalan (Azerbaijan) www.qu.edu.az 02/10/2013–15/02/2017 Deputy Head of Finance Departament on Education Qafqaz University Hasan Aliyev str. 120, Az0101 Khirdalan (Azerbaijan) www.qu.edu.az Business or sector Education 19/9/17 © European Union, 2002-2017 | http://europass.cedefop.europa.eu Page 1 / 4 Curriculum vitae Elvin Mammadov, PhD 23/10/2013–14/02/2017 Lecturer Qafqaz University Hasan Aliyev str. 120, AZ0101 Khirdalan (Azerbaijan) www.qu.edu.az Business or sector Education 04/09/2009–23/10/2013 Teaching Assistant Qafqaz University Hasan Aliyev str. 120, AZ0101 Khirdalan (Azerbaijan) www.qu.edu.az Business or sector Education EDUCATION AND TRAINING 15/09/2004–23/06/2009 Bachelor Degree in Finance Qafqaz University, Baku (Azerbaijan) Grade Point Average (GPA): 3.5 from 4.0 14/09/2009–14/09/2011 Master Degree in Finance Azerbaijan State Economic University, Baku (Azerbaijan) Grade Point Average (GPA): 3.0 from 4.0 23/07/2012–28/01/2016 Ph.D Degree in Banking Marmara University, İstanbul (Turkey) Grade Point Average (GPA): 3.48 from 4.0 PERSONAL SKILLS Mother tongue(s) Azerbaijani Other language(s) UNDERSTANDING SPEAKING WRITING Listening Reading Spoken interaction Spoken production English C1 C2 C2 C2 C1 Academic İELTS Score Russian C1 C1 C1 C1 B1 Turkish C2 C2 C2 C2 C2 TÖMER 89 Levels: A1 and A2: Basic user - B1 and B2: Independent user - C1 and C2: Proficient user Common European Framework of Reference for Languages Other skills Technical Summary ▪ MS-Office: Word, Excel, PowerPoint, Outlook, Access, Front Page. ▪ Logo, 1C accounting program. ▪ Windows, HTML, Internet; SPSS, E-views. ADDITIONAL INFORMATION 19/9/17 © European Union, 2002-2017 | http://europass.cedefop.europa.eu Page 2 / 4 Curriculum vitae Elvin Mammadov, PhD Internship ▪ Texnica Bank - Assistant of the Loan Officers ▪ Baku Stock Exchange - Broker Asistant Training and Seminars ▪ "Training course on DipIFR (ENG)" Barattson School of Business & Finance, 10.09.2015 -23.11.2015 ▪ "Applied Mathematical Economics", Qafqaz University Socio-Economic Research Center, 2015 ▪ "Advance Mathematics (Calculus, Linear Algebra", Qafqaz University Socio-Economic Research Center, 2015 ▪ " 75 hours of an ENGLISH LANGUAGE COURSE", Vistula University, 07.08.2014 - 26.08.2014 ▪ "How to carry out scientific researches and writing articles", Qafqaz University Socio-Economic Research Center, 2014 ▪ Model Economic Forum / Istanbul, 2013 ▪ "Azerbaijan's Access to Global Science Base", Thomson Reuters and Anas, 2013 ▪ The training of "Project management " organized by Qafqaz University, 19-20 November 2010 ▪ The training of "Young Leaders" organized by the Ministry of Youth and Sports, 02-04 May 2008 Conferences ▪ IV International Congress "Caucasus and Central Asia in the Globalization Process", 02-04 May 2014 ▪ I International Scientific Conference of Young Researchers, 26-27 April 2013 ▪ Elvin Məmmədov , Şəhriyar Muxtarov , Füzuli Əliyev , Əliyev F. Structural analysis of Azerbaijan banking sector and current situation. Lenkeran State University "Sustainable Development and Management Models". December 2011:9, url: [7] ▪ III International Congress "Caucasus and Central Asia in the Globalization Process", 15-17 October 2010 Publications ▪ Serhat Y, Məmmədov E, Muxtarov Ş. Comparing the Efficiency of Turkish and Azerbaijani Banks: An Application with Data Envelopment Analysis. International Journal of Economics and Financial Issues. Turkey. 2016;3(6):1059-1067. [SCOPES (SJR) - Impact factor: 0.194] ▪ Hasan Selçuk , Məmmədov E, Muxtarov Ş. Monetary Transmission Mechanisms: The Case of Azerbaijan. Research in Business and Social Science. Turkey. 2016;5(2):16-33, url: [4], DOI: 10.20525/ijrbs.v5i2.287 ▪ Hasan Selçuk , Məmmədov E, Muxtarov Ş. Evaluation of Efficiency of Monetary Policy Tools in Azerbaijan Over The Period Between 2005-2014. Journal of Qafqaz - İqtisadiyyat və İdarəetmə. Azerbaijan. 2015;3(2):103-110, url: [6] ▪ Elvin Mammadov , Muxtarov Ş. Evaluation of Monetary Transmission Mechanism in Azerbaijan. 3- rd International Scientific Conference of Young Researchers. Azerbaijan. April 2015:550-551 ▪ Dr. Murad İSGƏNDƏROV , Elvin MAMMADOV , Muxtarov Ş. Comparision of Performances Between Participation and Conventional Banks During Global Crisis: Evidence From Turkey. Caucasus and Central Asia in The Globalization Process" IV International Congress. Azerbaijan. May 2014:80-89, url: [12] ▪ Elvin Məmmədov , Muxtarov Ş. Sukuk as an Alternative Financial Instrument. 1st International Scientific Conference of Young Researchers. Azerbaijan. April 2013:105-106 ▪ "The role of foreign investment in development of country economy in the globalization process." III International Congress "Caucasus and Central Asia in the Globalization Process" Journal of Qafqaz, Page 96-107, Azerbaijan, (Oct, 2010) Certifications ▪ "Academic IELTS Certificate", British Counsil, 30.04. 2016 19/9/17 © European Union, 2002-2017 | http://europass.cedefop.europa.eu Page 3 / 4 Curriculum vitae Elvin Mammadov, PhD ▪ "Certificate of attended the trainin course on DipIFR (ENG)" Barattson School of Business & Finance, 10.09.2015 - 23.11.2015 ▪ "Applied Mathematical Economics", Qafqaz University Socio-Economic Research Center, 2015 ▪ "Advance Mathematics (Calculus, Linear Algebra", Qafqaz University Socio-Economic Research Center, 2015 ▪ " 75 hours of an ENGLISH LANGUAGE COURSE", Vistula University, 07.08.2014 - 26.08.2014 ▪ "How to carry out scientific researches and writing articles", Qafqaz University Socio-Economic Research Center, 2014 ▪ "Certificate of Attendance to Conference Caucasus and Central Asia in the Globalization Process", Qafqaz University, 2014 ▪ "Contribution Certificate", Model Economic Forum - 2013 ▪ "AZERBAIJAN'S ACCESS TO GLOBAL SCIENCE BASE", THOMSON REUTERS and ANAS, 2013 ▪ "Certificate Of Attendance to Conference I İnternational Scientific Conference of Young Researchers", Qafqaz University, 2013. ▪ "TOMER - C1 Turkish Language Certificate", Ankara University - 2012 Personal Characteristics Creative in project storming, communicative, striving to best, open to experience, extroverted, Flexible and Sociable, Interested Major ▪ Key majors: Finance, Management, Accounting, Auditing, Investment. ▪ Minor majors: Financial Management, Investment Analysis, Financial Accounting, Financial Statement Analysis. 19/9/17 © European Union, 2002-2017 | http://europass.cedefop.europa.eu Page 4 / 4.
Recommended publications
  • Semi Annual Report April 2008
    FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT APRIL 2008 FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT APRIL 2008 TABLE OF CONTENTS Federation of Euro-Asian Stock Exchanges 3 Deutsche Boerse 10 Garanti Asset Management 13 Is Investment 14 NASDAQ OMX 16 Tayburn Kurumsal 18 Finans Asset Management 20 Quartal FLife 21 Stock Exchange Profiles Abu Dhabi Securities Market 24 Amman Stock Exchange 28 Armenian Stock Exchange 32 Bahrain Stock Exchange 36 Baku Interbank Currency Exchange 40 Baku Stock Exchange 44 Banja Luka Stock Exchange 46 Belarusian Currency and Stock Exchange 50 Belgrade Stock Exchange 54 Bucharest Stock Exchange 58 Bulgarian Stock Exchange 62 Cairo and Alexandria Stock Exchanges 66 Georgian Stock Exchange 70 Iraq Stock Exchange 74 Istanbul Stock Exchange 78 Karachi Stock Exchange 82 Kazakhstan Stock Exchange 86 Kyrgyz Stock Exchange 90 Lahore Stock Exchange 94 Macedonian Stock Exchange 96 Moldovan Stock Exchange 100 Mongolian Stock Exchange 104 Montenegro Stock Exchange 108 Muscat Securities Market 112 Palestine Securities Exchange 116 Sarajevo Stock Exchange 120 State Commodity & Raw Materials Exchange of Turkmenistan 122 Tehran Stock Exchange 126 Tirana Stock Exchange 130 “Toshkent” Republican Stock Exchange 134 Ukrainian Stock Exchange 138 Zagreb Stock Exchange 142 Affiliate Member Profiles CDA Central Depository of Armenia 147 Central Registry Agency Inc. of Turkey 148 Central Securities Depository of Iran 149 Macedonian Central Securities Depository 150 Misr For Clearing, Settlement & Central Depository 151 Securities Depository Center (SDC) of Jordan 152 Takasbank - ISE Settlement and Custody Bank, Inc. 153 Tehran Securities Exchange Technology Management Company (TSETMC) 154 Member List 155 FEDERATION OF EURO-ASIAN STOCK EXCHANGES (FEAS) The Federation of Euro-Asian Stock Exchanges Semi Annual Report April 2008 is published by the Federation of Euro-Asian Stock I.M.K.B Building, Emirgan 34467 Istanbul, Turkey Exchanges.
    [Show full text]
  • Improvement of Operation and Regulation of Capital and Financial Derivatives Markets in Azerbaijan Government Publications Registration Number 11-1051000-000955-01
    Presented by the MOEF, Republic of Korea 2018/19 KSP Policy Consultation Report Azerbaijan Improvement of Operation and Regulation of Capital and Financial Derivatives Markets in Azerbaijan Government Publications Registration Number 11-1051000-000955-01 2018/19 KSP Policy Consultation Report Azerbaijan Improvement of Operation and Regulation of Capital and Financial Derivatives Markets in Azerbaijan 2018/19 KSP Policy Consultation Report Project Title Improvement of Operation and Regulation of Capital and Financial Derivatives Markets in Azerbaijan Prepared for The Government of the Republic of Azerbaijan In Cooperation with Financial Market Supervisory Authority (FIMSA) Supported by Ministry of Economy and Finance (MOEF), Republic of Korea Prepared by Korea Development Institute (KDI) Project Directors Sanghoon Ahn, Executive Director, Center for International Development (CID), KDI Youngsun Koh, Executive Director, Global Knowledge Exchange & Development Center, Former Executive Director, CID, KDI Project Manager Tai-Hee Lee, Specialist, CID, KDI Project Officer Hyunyi Choi, Senior Research Associate, Division of Development Research, CID, KDI Senior Advisor Joo Hyun Kim, Former President, Korea Deposit Insurance Corporation Principal Investigator Jaejoon Han, Professor, Inha University Authors Chapter 1. Hyunduk Suh, Professor, Inha University Metin Yolciyev, Baku Stock Exchange Chapter 2. Jaejoon Han, Professor, Inha University Orkan Baghirov, Invest AZ Chapter 3. Wook Chang, Duksung Women’s University Museyyib Mehdiyev, Baku Stock
    [Show full text]
  • Azerbaijan Industry Bank OJSC
    Azerbaijan Industry Bank OJSC Consolidated Financial Statements and Independent Auditors’ Report For the year ended 31 December 2016 Azerbaijan Industry Bank OJSC Consolidated financial statements and independent auditors report Table of contents Page Statement of management' s responsibilities for the preparation and approval of the consolidated financial statements for the year ended 31 December 2016 1 Independent auditors' report 2-3 Consolidated statement of financial position 4 Consolidated statement of comprehensive income 5 Consolidated statement of changes in equity 6 Consolidated statement of cash flows 7-8 Notes to the consolidated financial statements 9-65 Statement of management's responsibilities for the preparation and approval of the co nsolidated frnancial s tatements For the year ended 31 Decernber 2016 The following statement is made with a view to distingushrng tespective responsibilities of the management and those of the tndependent auditors in relation to the consolidated financial statements of " Azerbarjan Industry Bank" Open Joint Stock Company (the "Bank") and its subsidiary (collectively refered to as the "Gtoup"). The management is responsible fot the prepatation of the consolidated financial statements that present fafuly the financial position of the Group as at31. Decembet 2016,the tesults of its operations, cash flows and changes m equlty for the year then ended, in accotdance with Intetnational Financial Repotrng Standards ("IFRS"). In ptepadng the consolidated financial statements, management is responsible for: . Propedy selecting and app\ang accounting policies; . Ptesenting information, including accounting policies, in a manner that plovides televant, reliable, compatable and understandable information; o Ptoviding additional disclosures when compliance with the specific requilements in IFRSs are insuffrcient to enable users to undetstand the impact of particular transactions, other events and conditions on the Group's consolidated financial position and financial performance; .
    [Show full text]
  • Futures & Derivatives
    Reprinted with permission from Futures and Derivatives Law Report, Vol- ume 36, Issue 3, K2016 Thomson Reuters. Further reproduction without permission of the publisher is prohibited. For additional information about this publication, please visit www.legalsolutions.thomsonreuters.com. March 2016 ▪ Volume 36 ▪ Issue 3 REPORT DERIVATIVES dence from the Soviet Union in 1991 has started a new chapter in the development REGULATION IN of Azerbaijani securities markets. AZERBAIJAN Soon after gaining independence, Azer- Ulvia Zeynalova-Bockin baijan adopted the Law “On Securities Ulvia Zeynalova-Bockin is a senior as- and Stock Exchanges”3 (now repealed), sociate in the Baku oce of Dentons. which regulated the securities market with Her practice includes banking law, Islamic nance, real estate nance, the objective of protecting the interests of mergers and acquisitions, as well as investors. At the same time the govern- corporate law and nance. She also has ment launched the First State Privatiza- experience in securities and nancial tion Program4, creating a hundreds of joint regulation, including work with the Corporation Finance Division of the stock companies and thousands of share- U.S. Securities & Exchange holders on the basis of privatized state Commission. She has provided legal enterprises. The State Committee on Se- support to local and international curities of the Republic of Azerbaijan (the clientele in high-prole matters, includ- 5 ing advising on the rst IPO to be listed “State Securities Committee”) was estab- on the Baku Stock Exchange and advis- lished in 1998, followed soon thereafter ing major investment banks on by the establishment of the modern Civil Azerbaijani derivatives and securities Code of the Republic of Azerbaijan.6 Not regulation.
    [Show full text]
  • 2014-20152014-2015
    2014-20152014-2015 www.amchamaz.org TABLE OF CONTENTS YEAR AT A GLANCE 2 MESSAGE FROM THE PRESIDENT 4 AMCHAM STRUCTURE 6 MEMBERSHIP 8 CHARITY 15 FINANCIAL STATEMENTS 16 COMMITTEES 20 PROJECTS 28 GOVERNMENT RELATIONS 31 INTERNATIONAL RELATIONS 34 EVENTS 36 IMPACT AZERBAIJAN 44 M2M & M2M+ DISCOUNT PROGRAMS 46 INTERNSHIP 49 MEMBERSHIP LIST 50 E-AMCHAM 63 CONTACT US 64 1 2014 • CSR Committee meeting • AmCham ICT Committee Meeting JAN • AmCham Tax & Customs Committee Meeting • AmCham January Members' Luncheon & Fair GLANCE A T • Travel, Hospitality and Tourism Committee • CEO Breakfast at Hilton A FEB Meeting • Monthly Members Luncheon: AmCham • “E-Government in Action Conference” working Annual General Assembly 2014 group YEAR YEAR AT A GLANCE A YEAR AT • ICT Conference working group meeting • AmCham March Banking Finance & Insurance MAR • Labor/Human Resources Committee Meeting Committee Meeting • Tax&Customs Committee Meeting • AmCham Members' Luncheon • Tax&Customs Committee Meeting APR • HR Committee Meeting • AmCham April Members' Luncheon • ICT Committee Meeting • New Business Opportunities in Kazakhstan • CEOs Breakfast • HR Committee Meeting • AmCham May Board Meeting MAY • Joint Banking, Finance & Insurance and Tax & • CSR Committee Meeting Customs Committees Meeting • AmCham May Members' Luncheon • AmCham Trade Mission to the Western Regions • Business-after-hours Summer Party JUN • • CEO Breakfast • Working Group on Education • June joint Banking, Finance & Insurance and • AmCham and PASHA Bank Summer Tax & Customs Committees Meeting
    [Show full text]
  • Federation of Euro-Asian Stock Exchanges
    FEDERATION OF EURO-ASIAN STOCK EXCHANGES YEARBOOK 2002/2003 FEDERATION OF EURO-ASIAN STOCK EXCHANGES YEARBOOK 2002/2003 FEDERATION OF EURO-ASIAN STOCK EXCHANGES > YEARBOOK 2002/2003 > PAGE 1 TABLE OF CONTENTS President’s Message 3 Articles Federation of Euro-Asian Stock Exchanges 4 Takasbank 8 HP Capital Markets Framework 10 World Federation of Exchanges 12 The International Accounting Standards Board 14 Stock Exchange Profiles Amman Stock Exchange 16 Lahore Stock Exchange 52 Armenian Stock Exchange 19 Macedonian Stock Exchange 55 Baku Interbank Currency Exchange 22 Moldovan Stock Exchange 59 Baku Stock Exchange 25 Mongolian Stock Exchange 62 Bulgarian Stock Exchange 28 Muscat Securities Market 65 Cairo and Alexandria Stock Exchanges 31 Palestine Securities Exchange 68 Dhaka Stock Exchange 34 State Commodity & Raw Materials Georgian Stock Exchange 37 Exchange of Turkmenistan 71 Istanbul Stock Exchange 40 Tehran Stock Exchange 73 Karachi Stock Exchange 43 Tirana Stock Exchange 76 Kazakhstan Stock Exchange 46 “Toshkent” Republican Stock Exchange 79 Kyrgyz Stock Exchange 49 Ukrainian Stock Exchange 82 Zagreb Stock Exchange 85 Member List 89 FEDERATION OF EURO-ASIAN STOCK EXCHANGES (FEAS) I.M.K.B, Reflitpafla Mah. Tuncay Artun Cad. Emirgan 34467 Istanbul, Turkey Tel: (90 212) 298 2160 Fax: (90 212) 298 2209 E-mail: [email protected] Web address: www.feas.org Contacts: Mr. Aril Seren, Secretary General Ms. Rosalind Marshall, Assistant Secretary General The Federation of Euro-Asian Stock Exchanges Yearbook 2002/2003 is published by the Federation of Euro-Asian Stock Exchanges. All editorial material was collated and edited by the Federation of Euro-Asian Stock Exchanges. The design, production and distribution was coordinated by the Federation of Euro-Asian Stock Exchanges.
    [Show full text]
  • Cooperation Among the Stock Exchanges of the Oic Member Countries
    Journal of Economic Cooperation, 27 -3 (2006), 121-162 COOPERATION AMONG THE STOCK EXCHANGES OF THE OIC MEMBER COUNTRIES SESRTCIC In response to the increased competition prevailing in the international financial markets, national stock exchanges around the world recently made several attempts to upgrade their cooperation and improve their integration. Those attempts took often the form of coalitions, common trading platforms, mergers, associations, federations and unions. Like others, the OIC countries have recently intensified their efforts to promote cooperation among their stock exchanges with a view to developing and consolidating a mechanism for a possible form of integration among themselves. This paper reviews the experiences of various stock exchange alliances established at regional and international levels and draws some lessons for the OIC countries’ stock exchanges in terms of the need for harmonising their physical, institutional and legal frameworks and policies and sharing their investor base. 1. INTRODUCTION As the international trade and financial flows accelerated, the global economy witnessed an increase in the pace of integration. This process of globalisation is most evidently observed in the capital and financial markets. One important element that has led to such a result is the technological advancement in the information and telecommunications sector. Hence, financial transactions became instantaneous and the information guiding investments open to everybody. In this context, technological advancements and the resulting accelerated flow of information have increased efficiency, fairness, transparency and safety in the international financial and capital markets. 122 Journal of Economic Cooperation As those developments introduced new prospects and benefits to the stock markets all around the world, they increased competition among the financial markets, securities exchanges in particular.
    [Show full text]
  • İPƏK YOLU, No.1, 2020, Səh.5-18
    İPƏK YOLU, No.1, 2020, səh.5-18 ON A HISTORY OF DEVELOPMENT OF THE SECURITIES MARKET IN AZERBAIJAN Tofig Aliyev, Hajiaga Rustambeyov Baku State University, Baku, Azerbaijan e-mail: [email protected], [email protected] Abstract. Today, the volume of non-cash transactions in Azerbaijan is growing rapidly, which, in turn, has a positive impact on the reduction of the "shadow economy" in the country. The article analysis the historical development of the securities market, the current situation and the factors hindering the development of the market. Keywords: Azerbaijan, securities market, economic growth, history, stock market. AZƏRBAYCANIN QİYMƏTLİ KAĞIZLAR ИСТОРИЯ РАЗВИТИЯ РЫНКА ЦЕННЫХ BAZARININ İNKİŞAF TARİXİ БУМАГ АЗЕРБАЙДЖАНА Tofiq Əliyev, Hacıağa Rüstəmbəyov Тофик Алиев, Гаджиага Рустамбеков Bakı Dövlət Universiteti, Bakı, Azərbaycan Бакинский Государственный Университет, Баку, Азербайджан Xülasə. Bu gün Azərbaycanda nəğdsiz əməliyyatların həcmi sürətlə artır və bu nəticə Резюме. Сегодня объем безналичных операций etibarıilə ölkədə “kölgə iqtisadiyyatı”nın в Азербайджане стремительно растет, что, в azalmasına öz müsbət təsirini göstərir. Məqalə свою очередь, оказывает положительное qiymətli kağızlar bazarının tarixi inkişaf yoluna влияние на сокращение «теневой экономики» в nəzər salır, hal-hazırki durumu və bazarın стране. В статье анализируется историческое inkişafına mane olan faktorları təhlil edir. развитие фондового рынка, текущее состояние Açar sözlər: Azərbaycan, qiymətli kağızlar bazarı, и факторы, сдерживающие развитие рынка. iqtisadi inkişaf, tarix, fond bazarı. Ключевые слова: Азербайджан, рынок ценных бумаг, экономический рост, история, фондовый рынок. 1. Introduction Stock markets as one of the financial regulators of the economy nowadays are one of the main constructors of modern economic market relationship. Their role for mobilization of free capital and investment, growth of the industry and expansion of overall funds turnover in the country is vital.
    [Show full text]
  • Annual Report 2012
    ANNUAL REPORT 2012 THE CENTRAL BANK OF THE REPUBLIC OF AZERBAIJAN THE CENTRAL BANK OF REPUBLIC AZERBAIJAN 2 0 12 ANNUAL REPORT THE CENTRAL BANK OF THE REPUBLIC OF AZERBAIJAN 2012 ANNUAL REPORT TABLE OF CONTENTS FOREWORD – GOVERNOR OF THE CENTRAL BANK 4 I. GLOBAL ECONOMIC PROCESSES IN 2012 6 II. ECONOMIC GROWTH IN AZERBAIJAN AND ITS SOURCES 10 2.1. Aggregate demand 10 2.2. Aggregate supply 12 2.3. Expectations of economic activity 12 2.4. Inflation 13 2.5. Employment 15 2.6. Balance of payments 15 III. MONETARY AND EXCHANGE RATE POLICY, MONETARY CONDITIONS 20 3.1. Monetary policy 20 3.2. Exchange rate policy and international competitiveness 21 3.3. Money supply 22 3.4. Institutional framework of the monetary policy 23 IV. FINANCIAL MARKETS 25 4.1. FX market 25 4.2. Money market 26 4.3. Interbank market 27 V. FOREIGN EXCHANGE RESERVES MANAGEMENT 28 VI. BANKING SYSTEM AND FINANCIAL STABILITY 29 6.1. Development path and institutional development of the banking system 29 6.2. Liabilities of the banking system 30 6.3. Structure of assets of the banking system 31 6.4. Capital of the banking sector 32 6.5. Financial performance of the banking sector 33 6.6. Risks of the banking sector 34 6.7. Bank supervision 34 2 VII. MORTGAGE LENDING 36 VIII. CENTRALIZED CREDIT REGISTRY 38 IX. PAYMENT SYSTEMS 39 9.1. Ensuring sustainable and efficient operation of the payment systems 39 9.2. Development of the National Payment System 39 X. CASH CIRCULATION 42 10.1.
    [Show full text]
  • Baku, Azerbaijan
    IQC Contract PCE-I-00-98-00016-00 Submitted to: USAID - Baku, Azerbaijan By: David H. Holt, David T. King, Eduard Hoflnianii. and David Haimoii Nathan-MSI Consortium 2101 Wilson Boulevard, Suite 1200 Arlington, VA 22201 November 15,1999 TABLE OF CONTENTS I. EXECUTIVE SUMMARY ......................................................................................... ......................... 1 A . MAJOR FINDINGS.............................................................................................................................. 1 1. Private Enterprise Activities and Opportunities...................................................................... 1 2 . Finance and Banking ................................................................ ........................................... 2 3 . Legal and Regulatory Environment ........................................................................................ 2 4 . Edueation and Human Resources ............................................................................................ 2 5 . Assistance Programs Related to Business Development ........ ................................. 3 B . BUSINESS ENVIRONMENTAL CONSTRAINTS ON PRIVATE SECTOR DEVELOPMENT .... 3 C . PROGRAMMATIC RECOMMENDATIONS ..................................................................................... 4 I1 . AZERBAIJAN -INTRODUCTION TO THE STUDY ........ ............................................................ 6 A . COUNTRY BACKGROUND .............................................................................................................
    [Show full text]
  • Republic of Azerbaijan; Since 2005 European Countries’ Coordinator at the Youth Forum of the Organization of the Islamic Conference
    EUROPEAN PARLIAMENT EU-AZERBAIJAN PARLIAMENTARY COOPERATION COMMITTEE NINTH MEETING 6-7 October 2008 BRUSSELS SHORT BIOGRAPHIES OF PARTICIPATING MEMBERS FROM THE AZERBAIJANI PARLIAMENT 25 September 2008/ad Valeh F. Alasgarov Since December 2, 2005 Deputy Speaker of the Parliament. Was born at the settlement of Qarayeri of Samukh region; graduated from the Department of Petroleum Reservoir Development Processes and Integrated Mechanization at the Azerbaijan State Oil and Chemistry Institute; Honored engineer; rewarded with “Shohrat” (Fame) order; author of numerous scientific works and inventions; foreign languages: Russian and English. Since 1970 to 2005 was working on a different positions in oil and gas industry. Independent. On November 6, 2005 elected as Member of Parliament from Samukh-Shamkir Constituency No 102; Chairman of the Standing Commission of the Milli Mejlis (Parliament) on Natural Resources, Energy and Environmental Issues. Head of the EU-Azerbaijan parliamentary cooperation committee. Married, with 4 children. 25 September 2008/ad Chingiz R. Asadullayev Born in the city of Sumgayit, August 25, 1960; graduated from the Credit & Finance Department of the Azerbaijan National Economy Institute; foreign languages: Russian and English. Vice-president of the Azerbaijan Bank Association; Chairman of the Supervisory Board of the Baku Stock Exchange and Board of Guardians of the Investment Promotion Fund. Since 1981 economist and leading economist at the Azerbaijan Branch of the State Bank of the USSR; since 1986 Head of section at the Azerbaijan State Agro- Industrial Committee, and Deputy Head of department and chief economist at “Azerittifag” Union; since 1990 vice- president of the Baku Consumers Union and executive director of “Nefteko” Soviet-German enterprise; since 1991 vice-president of “Turan” Joint Stock Company; since 1992 Chairman of the Board of Directors of the “Azerigazbank” Joint Stock Investment Bank; since 1997 Chairman of the Supervisory Board of the “Azerigazbank” Joint Stock Investment Bank.
    [Show full text]
  • Aserbaidschan – Ressourcen | Konflikt(E) | Transformationen
    Materialien und Diskussionsgrundlagen des Faches Wirtschaftsgeographie Band 22 Aserbaidschan – Ressourcen | Konflikt(e) | Transformationen Bericht zur Großen Exkursion der Professur für Wirtschaftsgeographie der KU Eichstätt-Ingolstadt vom 17. bis 26. September 2013 unter der Leitung von Prof. Dr. Hans-Martin Zademach und Dipl.-Geogr. Michael Huth 2014 Die MDW-Schriftenreihe dient als Forum für Forschungser geb nisse, Studienmaterialien und ausgewählte studentische Beiträge aus der Arbeitsgruppe Wirtschaftsgeographie an der KU Eichstätt-Ingolstadt. Kommentare und Anregungen sind herzlich willkommen. Zusammenfassung Der vorliegende Bericht fasst die Beobachtungen und Erkenntnisse zusam- men, die während der Großen Exkursion nach Aserbaidschan im September 2013 gewonnen werden konnten. Im Mittelpunkt der Exkursion standen die Transformationsprozesse hin zu Demokratie und Marktwirtschaft in einem postsowjetischen Kontext. Diesbezüglich wurden drei Themenkomplexe vertieft behandelt: (1) Die geostrategische und wirtschaftliche Bedeutung der Öl- und Gasindustrie und mögliche daran anschließende Entwicklungs- schwerpunkte; (2) das autokratische politische System und der Konflikt mit Armenien um die Region Bergkarabach sowie deren Präsenz im Alltag; (3) die Minderung von Stadt-Land-Disparitäten durch staatliche Initiativen und Projekte von Nichtregierungsorganisationen zur Verbesserung der Lebens- bedingungen besonders in ländlichen Gebieten. Ferner stan den Fragen zu speziellen Wirtschaftsformen (z.B. Subsistenzlandwirtschaft, fin ormeller Sektor),
    [Show full text]