The brokerage company "Qarant Invest", stopped its activities. The fact is seen as a restructuring of the holding company "ZQAN Holding", which recently got rid of the JSC "Bank of Azerbaijan".
The company "Qarant Invest", was established in August 2011, and received a five-year brokerage license from the State Securities Committee in November of that year. It acted in the financial market and serve customers in global stock markets. For this, it worked with "Baltikums investment bank" (Latvia) and "Dukascopy Bank" (Switzerland).
At present, Azerbaijan has 14 brokerage licenses. On the functioning of two brokerage firms ("Billionaire" and "PSG-Broker") there is no news.
"ZQAN Holding" includes "ZQAN Construction", "Qarant Sigorta", "Royal Estate", "Azbentonit", "AzEuroCom" and other companies. - 08B-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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