![Azerbaijan Puts into Operation New Information System of Stock Trading](https://turan.az/resized/media/2016/main/021800147283-750-500-resize.webp)
Azerbaijan Puts into Operation New Information System of Stock Trading
On 17 February the Baku Stock Exchange held the commissioning of a unified information system for the implementation of the exchange trade and control of the level of international standards.
The ceremony was attended by representatives of the State Committee for Securities, the World Bank, the State Secretariat for Economic Affairs (SECO) of Switzerland, and Korea Exchange.
The new trading system enables market participants to use new tools of exchange trade and open up new prospects for the stock market, according to the SSC. It also makes it possible to establish clear and fair prices on the stock market.
"The new trading system will increase the efficiency of the securities market, attractive for investors," said the coordinator of the World Bank in Azerbaijan for financial and private sector in the South Caucasus Angela Prizhorina.
The new trading system is implemented in the framework of the Program of the World Bank Modernization of Capital Markets. The cost of the contract signed between the State Committee for Securities and the Stock Exchange of Korea in 2015 was $ 5 million 546 thousand (including VAT). --- 08B
-
- Politics
- 18 February 2016 13:52
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review