The State Securities Committee (SSC) hosted a meeting of the Governing Council on the twinning project "Ghost securities legislation of Azerbaijan in line with EU legislation and institutional development of SSC." The two sides highly appreciated the level of work done and approved the quarterly report of progress, although enough problems.
The press service of the State Committee for Securities on the outcome of the meeting noted that the representative of the State Securities Committee of the Governing Council of the project said that "the public is informed of the Project activities. On the web page of the State Committee there is a special section for the project.
The project was officially launched in October of last year and is still local issuers are not invited by the State Securities Committee to debate bills aimed at improving corporate governance standards and purchase the controlling interest in the companies. According to the draft, the draft law "On securities market" was to be presented to Parliament in 2012. It is unknown where this document. In the Web page, the basic materials for SSC twinning project placed only in English.
The project provides for the unification of the local securities legislation of the European Directive. Its cost is EUR 1 million and is funded by the European Commission. The operator of the project is the Financial Supervision Agency of Poland. The project will be completed by June 2014. - 08D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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