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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Global food prices decreased in 2024, but Azerbaijan bucked the trend, recording a rise in food expenditures. Experts believe this necessitates urgent expansion of agricultural production to safeguard the domestic market.
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Italy, one of the European Union's largest economies, solidified its position as a key importer of Azerbaijani natural gas in 2024, despite a notable decline in domestic gas consumption. The country imported 58.7 billion cubic meters (bcm) of natural gas, meeting most of its annual demand of 61.7 bcm—a 2.5% drop compared to 2023. This data, reported by the Italian energy market regulator GME, highlights shifts in Italy’s energy sourcing and consumption patterns.
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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