On 13th September, the President of JSC "National Depository Center" Fariz Azizov and will chair the Association of Eurasian Central Securities Depositories (AECSD) in the period 2013-2014. This decision was made by CSDs of 10 participating countries in AECSD, said the NDC.
Chairman of the Association is the executive body of the Association, exercising its current leadership in between meetings of the General Meeting of the Members of the Association.
The founding conference was held AECSD December 22, 2014 in Moscow. It includes depository 10 countries. AECSD - the union of central depositories of the Commonwealth of Independent States ( CIS), whose main objective is the development and improvement of depository activities , the creation of a single " depository space" , the entry of central depositories of CIS countries in the world system of settlement of securities transactions .
The founder of the NDC is the State Committee on Securities. From September this year, it launched the functions of a central depository in Azerbaijan. At the same time, since 2008, the NDC does not publish annual reports and reports it serves issuers. 08D
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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