With regard to the interests of professional securities market participants, issuers and investors, the National Depository Center (NDC) has made changes in the rates for services provided.
In compliance with the changes, four types of tariffs were improved and tariffs on three types of services were applied. Abolished was the fee for the award of international identification codes of investment securities. Depositing of government securities will also be free.
The fee for the deposit of securities of commercial banks and insurance companies was equated to other issuers. Depositing services for housing certificates and keeping registers of owners are paid by a common procedure, but only once during their circulation.
NDC offers different operating companies in the country to use the correspondent depository relationships to establish an electronic information exchange with the Baku Stock Exchange. The annual fee for this service is 1,000 manat. In addition, NDC will charge another depositary for the ongoing operation 0.003% of each transaction amount.
The new tariffs came into effect on July 1. - 08B-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review