Baku Stock Exchange has been granted the right of use and the provision of third party trading platform Meta Trader 4, which allows for active trading on the international financial markets, Turan was told in the BSE.
Through this platform the Exchange offers individual and institutional investors trading FOREX, as well as contracting price difference (CFD) for base metals and other commodities. The proposed trading system has advanced technological features and fully meets the requirements of the local financial market participants. Settlements on operations will be conducted in Azerbaijan.
Investors can trade 24 hours 5 days a week. Trading liquidity will be provided by market makers of the Exchange. -08D--
Economics
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Vahid Magerramov, Head of the Public Association for Support of Agrarian Reforms, has raised concerns over rising consumer prices in Azerbaijan, warning that the inflation trend could have serious economic consequences for the country.
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Silk production in Azerbaijan decreased by 32.9% year-on-year in the first eight months of 2024, reaching 239.4 tons, according to data released by the State Statistics Committee. The decline was attributed to a reduction in the number of silkworm seeds distributed to farmers, reflecting a longer-term trend in the sector's contraction, noted agricultural expert Vahid Maharramov.
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Sunniya Durrani-Jamal has officially taken office as the new Country Director of the Asian Development Bank (ADB) in Azerbaijan, succeeding Candice Mcdagan, who held the position since 2021. Durrani-Jamal brings over 25 years of professional experience, including 16 years in senior roles at ADB, to her new position. She previously served as ADB’s Regional Director in Cambodia and Senior Advisor to the Vice President for East Asia, Southeast Asia, and the Pacific.
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Azerbaijan's drive to diversify its economy is faltering, despite years of policy announcements and state programs aimed at reducing reliance on the energy sector. The country has struggled to implement effective diversification measures, leaving it vulnerable to external economic pressures, analysts said.
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