Baku Stock Exchange Suspends Membership of Six Companies
Membership of six companies in Baku Stock Exchange (BSE) has been suspended until the end of the year, according to BSE.
According to the decision of the membership committee of the stock exchange, membership of Brokdil-Az, Chelsea Capital, Bob Broker, Khalg Capital, Standard Capital and Demir Invest has been suspended until January 1, 2017 for the last time.
By the decision of the membership committee, membership of LLC Yapi Kredi Invest has been canceled. The decision was made based on the request of Yapi Kredi Invest.
The current members of BSE are six companies - AzFinance Invest, Capital Management, Invest-Az, Uni Capital, Pasha Capital and PSG Capital IS. ----73D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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