Baku/25.12.13/Turan : The State Securities Committee (SSC) satisfied with the results of execution of the Action Plan for 2011-2013 provided by the State program of development of the securities market in Azerbaijan in 2011-2020 .
At the December 24 meeting to discuss the action plan , the head of the SSC Rufat Aslanli said that on 13.02.2011 , the task successfully resolved. He instructed the staff departments to take action on the grounds prescribed in 2014-2015 areas , said the sector PR SCS .
Sector leader Chingiz Huseynov refused to disclose Turan SSC plans for implementation of the State program for the coming years , advising the correspondent himself to read the document .
Following the advice , Turan acquainted with the provided plans and discovered that not everything is as smooth as it represents the SSC . Committee failed to implement in 2011-2013 , many of the planned tasks for the institutional development of the securities market , organization and promotion of financial intermediation and activities of collective investment schemes , support demand and supply on the securities market , as well as the increased use of corporate governance and financial reporting companies. For example , this year the SSC was to determine and apply the capital adequacy requirements for professional participants of the securities market . This year, the SC has not been possible to prepare proposals for the creation of a favorable tax regime for the securities market . SCS and the Central Bank has not yet been identified prudential requirements , to encourage the active participation of banks and insurance companies in the securities market . If you believe the state program , today the market would work in accordance to the Law " On the Securities Market ". However, where there is a draft of the legislation - is not known.
Note that in 2014-2015 SSC liaison with the other departments of audit work to be improved on the securities market , bringing bankruptcy proceedings securities market participants , in accordance with international experience , etc. - 08B-
Economics
-
Azerbaijan's vegetable and fruit exports dropped in the first ten months of 2024, with physical weight down 4.1% and value falling 1.7% compared to the same period last year, according to the State Statistics Committee. Key export products, including potatoes and hazelnuts, saw significant declines, while apples, persimmons, and tomatoes showed modest gains.
-
The largest scheduled maintenance ever carried out at the STAR Refinery since its launch under SOCAR's management six years ago took place from September to October 2024. This overhaul will allow the facility to increase its capacity by almost a third compared to its initial design.
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
Leave a review