On October 23, 2023, held a meeting with the professor of the University of Latvia, Inna Shteinbuka, at the Institute of Economics of the Ministry of Science and Education.
Professor Nazim Muzaffarli, director general of the Institute of Economics, who opened the event with an introductory speech, welcomed the guest and gave information about her. He said that prof. Inna Shteinbuka is a full member of the Latvian Academy of Sciences, chairman of the Latvian Fiscal Disciplinary Council, professor at the University of Latvia, deputy chairman of the Board of the University of Latvia, director of the Productivity Research Institute of the University of Latvia, and a chairwoman of the Asia-Europe Foundation (Singapore) for Latvia. I. Shteinbukan's sphere of activity is rich, productive and diverse. Since September of 2011, she has headed the European Commission's representative office in Riga. In 2008-2011, she was the director of the Social and Information Society Statistics department of the European Commission, and in 2005-2008, the director of the Economic and Regional Statistics Institute.
From 2001 to 2005, I.Steinbuka chaired the Latvian Public Utilities Commission, which was responsible for the regulation of electricity, gas and telecommunication markets, as well as railway and postal services. In 1999-2001, she worked as a senior adviser to the executive director of the International Monetary Fund in Washington. From 1991 to 1999, she worked as the director of the Department of Economic Analysis and Fiscal Policy of the Ministry of Finance of Latvia and as an adviser of the Minister of Finance. She speaks in Latvian, Russian, English, German, French languages. I. Shteinbuka was awarded with various awards for her useful and productive activity. Thus, in 2008, she was awarded with the Order of Three Stars (3rd class), the highest state award of Latvia, for exceptional achievements in the economic and financial sector, and the medal of the Ministry of Defense of the Republic of Latvia for her country's active participation in NATO membership negotiations.
Then prof. I. Shteinbuka spoke about the development of the economy and the state of science in Latvia during the years of independence. She gave extensive information about the main socio-economic processes, the state budget, the state's financial policy, investments, the problem of foreign debts, changes in the labor market, high inflation, which took place after her country joined the Eurozone as a member of NATO and the European Union. She noted the negative effects of the Russian-Ukrainian war on the economy of Latvia. The professor said about the experience of financing science in Latvia that, in addition to allocating a certain amount of funds for science from the state budget, scientific-research institutes using local and foreign grants, participation in competitions, including fulfill paid orders of state institutions.
At the event, prof. N. Muzaffarli said that by the decision of the Scientific Council of the Institute of Economics of the Ministry of Science and Education, prof. Inna Shteinbuk was awarded with the title of "Honorary Doctor" of the Institute of Economics. The general director presented the relevant diploma to I. Shteinbuka. In addition, Azerbaijan’s kalagayi was presented to the professor.
It should be noted that I. Shteinbuka is the third scientist that receives the title of "Honorary Doctor" of the Institute of Economics as a foreign research scientist. Besides her, Professor Pei Changhunga of the Institute of Economics of the Chinese Academy of Social Sciences and Academician of the National Academy of Sciences of Georgia, Doctor of Economic Sciences, Professor Vladimer Papava are also Honorary Doctors of the Institute of Economics (economics.com.az).
