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State Oil Fund Of The Republic Of Azerbaijan
The State Oil Fund of the Republic of Azerbaijan or SOFAZ ( az, Azərbaycan Respublikası Dövlət Neft Fondu (ARDNF)) is a sovereign wealth fund. SOFAZ lacks transparency in its finances and in its contracting, which has raised questions about corruption. Critics have described projects funded by SOFAZ as useless, and noted that contracts have been awarded to companies owned by the ruling Aliyev family in Azerbaijan. History and organization The State Oil Fund of the Republic of Azerbaijan (SOFAZ) was established by Heydar Aliyev's Decree No. 240 dated December 29, 1999. Statue of the State Oil Fund was approved by the Decree of the President of the Republic of Azerbaijan No. 434 dated December 29, 2000. SOFAZ is headed by an Executive Director appointed and dismissed by the President. The general control over the activities of SOFAZ is carried out by the Supervisory Board. The main task of the Supervisory Board is to give a review on the draft annual budget prepared by SOFAZ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Logo Oilfund
A logo (abbreviation of logotype; ) is a graphic mark, emblem, or symbol used to aid and promote public identification and recognition. It may be of an abstract or figurative design or include the text of the name it represents as in a wordmark. In the days of hot metal typesetting, a logotype was one word cast as a single piece of type (e.g. "The" in ATF Garamond), as opposed to a ligature, which is two or more letters joined, but not forming a word. By extension, the term was also used for a uniquely set and arranged typeface or colophon. At the level of mass communication and in common usage, a company's logo is today often synonymous with its trademark or brand.Wheeler, Alina. ''Designing Brand Identity'' © 2006 John Wiley & Sons, Inc. (page 4) Etymology Douglas Harper's Online Etymology Dictionary states that the term 'logo' used in 1937 "probably a shortening of logogram". History Numerous inventions and techniques have contributed to the contemporary logo, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baku
Baku (, ; az, Bakı ) is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and of the Caucasus region. Baku is located below sea level, which makes it the lowest lying national capital in the world and also the largest city in the world located below sea level. Baku lies on the southern shore of the Absheron Peninsula, alongside the Bay of Baku. Baku's urban population was estimated at two million people as of 2009. Baku is the primate city of Azerbaijan—it is the sole metropolis in the country, and about 25% of all inhabitants of the country live in Baku's metropolitan area. Baku is divided into twelve administrative raions and 48 townships. Among these are the townships on the islands of the Baku Archipelago, and the town of Oil Rocks built on stilts in the Caspian Sea, away from Baku. The Inner City of Baku, along with the Shirvanshah's Palace and Maiden Tower, were inscribed as a UNESCO World Heritage Site in 2000. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia (Republic of Dagestan) to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The Azerbaijan Democratic Republic proclaimed its independence from the Transcaucasian Democratic Federative Republic in 1918 and became the first secular democratic Muslim-majority state. In 1920, the country was incorporated into the Soviet Union as the Azerbaijan SSR. The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the Soviet Union in the same year. In September 1991, the ethnic Armenian majority of the Nagorno-Karabakh region formed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Public Service Awards
The United Nations (UN) Public Service Award is the most prestigious international recognition of excellence in public service. It rewards the creative achievements and contributions of public service institutions that lead to a more effective and responsive public administration in countries worldwide. Through an annual competition, the UN Public Service Awards promotes the role, professionalism and visibility of public service. Establishment of the UNPSA In 2003, the UN General Assembly, in its resolution A/RES/57/277, designated June 23 as the UN Public Service Day to "celebrate the value and virtue of public service to the community". The UN Economic and Social Council established that the United Nations Public Service Awards be bestowed on Public Service Day for contributions made to the cause of enhancing the role, prestige and visibility of public service. The United Nations Millennium Declaration emphasized the role of democratic and participatory governance in assuring the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a global standard for the good governance of oil, gas and mineral resources. It seeks to address the key governance issues in the extractive sectors. The EITI Standard requires information along the extractive industry value chain from the point of extraction, to how the revenue makes its way through the government and its contribution to the economy. This includes how licenses and contracts are allocated and registered, who the beneficial owners of those operations are, what the fiscal and legal arrangements are, how much is produced, how much is paid, where the revenue is allocated, and its contributions to the economy, including employment. The EITI Standard is implemented in 55 countries around the world. Each of these countries is required to publish an annual EITI Report to disclosing information on: contracts and licenses, production, revenue collection, revenue allocation, and social and economic spending. Ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heydar Aliyev
Heydar Alirza oghlu Aliyev ( az, Һејдәр Әлирза оғлу Әлијев, italic=no, Heydər Əlirza oğlu Əliyev, ; , ; 10 May 1923 – 12 December 2003) was a Soviet and Azerbaijani politician who served as the third president of Azerbaijan from October 1993 to October 2003. Originally a high-ranking official in the KGB of the Azerbaijan SSR, serving for 28 years in Soviet state security organs (1941–1969), he led Soviet Azerbaijan from 1969 to 1982 and held the post of First Deputy Premier of the Soviet Union from 1982 to 1987. Aliyev became president of independent Azerbaijan while the country was on the brink of civil war and suffering serious losses in the First Nagorno-Karabakh War with neighboring Armenia. Aliyev's supporters credit him with restoring stability to Azerbaijan and turning the country into a major international energy producer. His regime in Azerbaijan has been described as dictatorial,''Hans Slomp''. Europe, A Political Profile: An American Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samir Sharifov
Samir Rauf oghlu Sharifov ( az, Samir Rauf oğlu Şərifov; born 7 September 1961) is an Azerbaijani politician serving as the Minister of Finance of Azerbaijan Republic. Early life Sharifov was born on 7 September 1961. In 1983, he graduated from Kiev State University with a Master's degree in International Economic Relations. In 1983-1991, he worked for Soviet governmental organizations dealing with international economic relations and was based first in Baku, then in Yemen. Political career In 1991-1995, Sharifov worked as Deputy Chief of Department of International Economic Relations at the Ministry of Foreign Affairs of Azerbaijan. From 1995 through 2001, he was a department director at the Central Bank of Azerbaijan. On 3 January 2001 he was appointed Executive Director of State Oil Fund of Azerbaijan by President Heydar Aliyev. From 2003 until 2006, he also chaired the State Commission on Transparency for Exploitation of Natural Resources and Manufacturing Sector. On 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shahmar Movsumov
Shahmar Arif oghlu Movsumov ( az, Şahmar Arif oğlu Mövsümov, born January 31, 1972) is the Assistant to the President of the Republic of Azerbaijan, Head of the Department of Economic Issues and Innovative Development Policy of the Presidential Administration of Azerbaijan. Biography Shahmar Movsumov was born on January 31, 1972, in Nakhchivan. From 1990 to 1995 he studied at the Faculty of International Economic Relations of Moscow State Institute of International Relations. In 2003–2004 he received master's degree in public administration from Harvard Kennedy School. Career From 1995 to 2005 Shahmar Movsumov worked at the Central Bank of Azerbaijan as chief economist, group leader, chief of department, deputy director of the department, director of the department, chief adviser to the chairman of the board. In 2005–2006 he worked as executive director of the Central Bank of Azerbaijan. From May 15, 2006, to November 29, 2019, he was the executive director of the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Of Azerbaijan
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Azerbaijan
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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