Brokerage Company Tekhnika Capital Management opened a representative office in the center of Baku, which will have the entire range of services to clients for the securities market.
Representative Office is located in the central branch of JSC Bank Technique, near Baku Stock Exchange (BSE). "We are pursuing the goal of being as close as possible to our customers and fulfill their requests promptly," said Turan Director LLC Tekhnika Capital Management (TCM) Jafar Ibrahimov.
LLC TCM (a subsidiary of Bank Technique) has about 200 active customers, including 50 legal entities that operate local and foreign securities. The company, which owns 5% of the shares of BSE, has been in force since 2003 and is a broker-dealer license.
For five months of 2014 the volume of rendered services for buying and selling securities LLC TCM amounted to 75 million manat. -08D-
Economics
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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.
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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.
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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.
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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.
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