Baku hosts XII Bond Congress of CIS and Baltic countries.
As the deputy chairman of the BSE Vugar Namazov said, in connection with the adoption of the Law "On the Securities Market", before the end of this year, all certificated securities will become non-certificated. "The Milli Majlis has adopted a document on the third reading, and now it's up to the President signing the respective order. Once the law comes into force, the situation in the stock market will change dramatically. In particular, on the basis of the National Depository Center, the Central Depository and Central Clearing House will be established and banks will appear around the Clearing House. The new law will also require fundamental changes on the BSE. We have to completely update our guidance and rules. This work has already begun in parallel with the development of the new law, and now we are ready to install the new rules immediately after the enactment of the law," he said.
The Law "On the Securities Market" was adopted by the Parliament of Azerbaijan on May 17, 2015. --17D-
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