British company Corporate Solutions proceeded to the active implementation of the project "Modernization of the Capital Market", being a consultant to the State Committee for Securities. Yesterday the representatives of these institutions met and expressed confidence in the role of the project feasible in the "development of the securities market and the formation of a high rate of effective infrastructure market."
The press service of the State Committee for Securities said that the Deputy Chairman of the Committee Ilgar Muradov received the head of Corporate Solutions Cayvan Adami. Despite the fact that the company Corporate Solutions was selected among many applicants to provide consulting services, SCS has failed to disclose information about the cost of the contract between the parties.
Note that the total cost of the project "Modernization of the Capital Market" is $ 15.8 million, of which the World Bank funds $12 million. Prior to that, the company Corporate Solutions worked with the Ministries of Finance and Transport, Baku International Sea Trade Port and other government agencies. - 08B-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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