The Financial Markets Control House (FMCH) made a statement that Brexit would not have a direct impact on the financial market of Azerbaijan.
"The analysis carried out, taking into account the expectedly increasing uncertainties in the commodity, labor and financial markets, has shown that the structure and dynamics of the foreign trade of Azerbaijan settled with major trading partners in the US dollar, as well as the currency composition of assets and liabilities of the country will minimize the impact of Brexit on the economy, including the financial system of our country," the statement says.
At the same time it is noted that on 24 June the foreign exchange market "sensitively" reacted to the news of Brexit.
FMCH continues to monitor the situation and takes measures to neutralize indirect effects of Brexit, including the psychological impact, on the economy. -16D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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