On April 30, 2024, at Sumgayit State University (SSU) held an event within the framework of cooperation with the Institute of Economics of the Ministry of Science and Education. At the event, participated professor-teaching staff of SSU, rector of SSU, assoc. prof., Rufat Azizov, general director of the Institute of Economics, professor Nazim Muzaffarli, scientific secretary, assoc, prof., Leyli Allahverdiyeva, general manager Shakir Aliyev, department heads assoc, prof., Allahyar Muradov, assoc, prof., Rasmiyya Abdullayeva, assoc, prof., Mahir Zeynalov and assoc, prof., Parviz Hasanov.
Professor Nazim Muzaffarli made a speech on "Financial self-sufficiency of regions of Azerbaijan" for the economist professor-teacher staff of SSU. Given broad information about the methodology and results of research. He said that this study, which was carried out with the participation of a group of employees of the Institute of Economics, by the order of the Ministry of Finance of the Republic of Azerbaijan. The purpose of the study is to assess the level of financial self-sufficiency of the country's administrative and economic regions and to draw up a rating based on this. For this, the "Self-financing level index" was calculated for our regions based on 3 different methodologies proposed by authors. During the evaluation, investigated the issues such as development dynamics of regions, socio-economic indicators, effects of decisions made in previous periods on regional development. The results of the investigation were submitted to the Ministry of Finance of the Republic of Azerbaijan.
During the presentation, was given extensive information about the methodology and results of the research. Then there was a broad discussion about the research, the members of the research group answered questions about raising the level of self-financing in our regions (economics.org.az).
