Farid Bakhshiyev has been appointed director of the Agency for Monitoring State Enterprises under the Ministry of Finance.
Modern.az reports that a relevant order has been signed in this regard.
F. Bakhshiyev was born in 1977 and received a bachelor's degree in business management and a master's degree in business administration from Azerbaijan State University of Economics. He also obtained a master's degree in financing development from the University of Reading in the United Kingdom.
He began his career in 1998 as a chief economist in the Department of Foreign Economic Relations and Foreign Debt Management at the Ministry of Finance. In subsequent years, he served as director of the International Relations Department of the Central Bank of Azerbaijan, country economist at the World Bank, head of the Investment Department at Azerbaijan Railways CJSC, and held leadership positions at KPMG Azerbaijan and other private consulting companies.
It should be recalled that the Agency for Monitoring State Enterprises under the Ministry of Finance was established by the Decree of the President of the Republic of Azerbaijan dated December 30, 2025, on additional measures for improving the activities of the Ministry of Finance, and the Statute of the institution was approved.
The Agency is an institution included in the structure of the Ministry of Finance, which monitors the annual and medium-term budget projects and forecasts of legal entities owned by the state and whose controlling stake (shares) belongs to the state, as well as public legal entities established on behalf of the state, and monitors the implementation status of annual income and expenditure estimates, and analyzes performance indicators.
