Once again the head of the Baku Stock Exchange has changed. On February 4, the Exchange Supervisory Board accepted the resignation of Emin Aliyev, who took the post of chairman of BSE in November 2011.
The Supervisory Board has laid an acting chairman Emin Muradov Exchange prior to the general meeting of shareholders of BSE on March 29.
Emin Muradov to this appointment, he was the head of research and market development of the State Committee for Securities of Azerbaijan.
Emin Kamran oglu Muradov was born in 1981. He graduated from the three higher education institutions abroad. He began his career in 2007 in the banking sector. From 2010 he worked in the SSC.
BSE is not a suitable platform for the exchange of international standard. There is no stock quotes, stock index and other common exchange instruments. Transactions in corporate securities on the stock exchange are in the nature of cross-trades, that is, all operations involved in the same broker. Emin Aliyev tried to change this picture, but not up to the task. - 08D-
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review