Baku hosts an international conference "Formation of the capital market - trends, appeals and opportunities." The Forum, which brought together representatives from 21 countries, is dedicated to the 15th anniversary of the National Depository Center (NDC) - the central depository in Azerbaijan.
Speaking at the conference the representative of the World Bank Office in Baku Rufiz Chyragzadeh noted that the financial market in Azerbaijan is developing mainly due to bank capital. And to achieve the overall growth of the economy requires the involvement in the process and other economic sectors.
According to the chairman of the State Committee for Securities Rufat Aslanli, the law "On Securities" is able to "turn the situation on the local stock market" and expand the investment process. The document is under consideration by the government. According to him, the bill contains procedures for the organization and operation of investment companies. According to him, the new law is aimed at strengthening the protection of investors and issuers.
NDC serves over 1,400 issuers. Its founder is the State Securities Committee. - 08D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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