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
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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