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body it is being turned to one of the necessary international centers on researching
of economical policy in the country. The director of the center is Vuqar Ahmedov.
The basic functions of the Center are the promotion of important scientific re-
searches and developing modern study and resources. The Center of Research and
Development prepares and presents economical models about macro-economic
and financial stability. The Center of Research and Development started to is-
sue quarterly “Research Bulletin” by 2013 to report the information about global
markets, cyclic and transformation processes in the economy of country, global
macro-economic policies, fundamental research of topical problems, purposeful
works in the field of modeling and empiric researches. The first number of quar-
terly bulletin was placed in the website of Central Bank. The Central Bank of
Azerbaijan also publishes quarterly electronic journal named Central Bank and
Economy. The Center of Research and Development also presented “Strategic
Plan for 2011-2014 year”.
CRDCBA takes attention to establish efficient cooperation relations with its
international partners.
So that CRD had been the member of International Network on Financial Lit-
eration of the organization of Economic Cooperation and Development. Nowa-
days in this network are represented 135 state organizations from 74 countries
and most of them are central banks. Among the ISU countries Azerbaijan joins
this organization as the third country where USA, Canada, Germany especially
activates as the leading countries.
The researches of CRD has a particular importance either in the transforming
to the users the most important information about global and national economy or
introducing the practical importance of the results of researches, in the approaches
of audutories that is used for fundamental researches.
Financial Science and Training Center under the Ministry
of Finance of the Azerbaijan Republic (FSTC)
The Center was founded and registered on June 05, 2002. The Director of the
Center is Elman Huseynov. Official internet site: www.tedris-maliyye.gov.
Today, financial resources forecast and especially public financial forecast, the
control of use and execution, along with the field of education of international
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and national accounting standards, leading in the industry of training services of
Azerbaijan - Financial Science and Training Centre under the Ministry of Finance
of the Azerbaijan
Republic has come a
Based on the letter No. 36 dated on February 9, 1968 from the USSR Ministry
of Finance, about “organization of the short-term training courses and economic
seminars for the employees of Financial Institutions” and according to the order
No. A-13 dated on March 31, 1968 by the Ministry of Finance of Azerbaijan
SSR, “Permanently Operating Training Course for the employees of financial
institutions” of the Ministry of Finance of Azerbaijan Republic was formed and
began operations in the same period.
According to the order No. 66 by the Ministry of Finance of Azerbaijan
Republic dated on September 30, 1996, “Permanently Operating Training Course
for the employees of financial institutions of the Ministry of Finance of Azerbaijan
Republic” was named “Training Course on Improvement of Professional Skills of
the Ministry of Finance of Azerbaijan Republic”
From 2011, as a result of the reform in the Government Accounting system,
in accordance with the agreement between World Bank and the Government
of Azerbaijan, within the Corporate and Public Sector Accountability Project,
FSTC organization structure re-established material and technical base, legal and
regulatory documents
regulating the activity, adapt best international practice.
The main objectives of FSTC:
•Improvement on career training, retraining, as well as realization of
organization of the additional education.
•Certification of financial and accounting staff of state-funded organizations,
as well as other government offices and institution in order to operate on the
basis of National Accounting Standards for Budget Organizations also, in order
to increase the level of professionalism to develop training courses and relevant
educational resources.
•For the accountants operating in legal entities, branches, representative offices,
nonprofit organizations, non-governmental organizations, as well as other areas of
the Republic of Azerbaijan, to operate in accordance with the National Accounting
Standards and International Financial Reporting Standards for Commercial and
Non-Governmental Organizations, certification processes should be implemented.
In addition, in order to increase the level of professionalism training courses and
relevant educational resources should be developed.
During the activity period FSTC emphasizing the quality of the service
provided, opted to work with highly professional trainers. Today, working with
a team of highly qualified trainers, FSTC is providing trainings for financial
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management, trainings and certification programs in the field of international and
national accounting standards, as well as trainings on the topics for special orders.
Considering international cooperation the first priority, during 2002-2011 FSTC
has been established relations with a number of international financial institutions.
Department for International Relations and Work with
Non-Governmental Bodies of the Ministry of Communications
and Information Technologies
It was registered on February 20, 2004. Head of the Department is Araz
Bayramov. Its main direction
of activity is of social, economic,
military, political,
cultural profile. Official internet site: www.mincom.gov.az
Scientific Research Center on Youth Problems
of the Ministry of Youth and Sports
The Center was founded on August 24, 2001. The Director of the Center is
Qadamshah Sadixov. The main function of the center is to implement the youth
policy. The annual budget of the center constitutes 70500 AZN. Official internet
site: http://gencalim.az
Center of Scientific Research and Education on Labour and Social
Problems of the Ministry of Labour and Social Protection of Population
The Center was founded in 1997. Director of the center is prof. Mesume
Memmedova. Researches are conducted at the center directed at elaboration of