Financial problems have swept another participant of the financial market.
According to the official newspaper of the Ministry of Taxes, Vergiler, Trust Asset Management Company engaged in asset management in the securities market has announced self-destruction. After this, the market segment now involves only 2 companies - Invest Az Asset Management and Az Finance Asset Management.
Recall, the company Trust Asset Management with the authorized capital of 500 thousand manat was registered in July 2014.
In addition, the securities market has 12 licensed brokers, 13 dealers, 2 companies leading registers of holders of securities and 2 depositories. In addition, it includes BSE and a processing center. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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