Azerbaijan favorable conditions for investment in the securities market. This was at a meeting on May 31 with the Deputy Chairman of the State Securities Committee Ilgar Muradov said Vice President for Financial Affairs of the European Bank for Reconstruction and Development, Manfred Schepers.
The representative of the SSC stated that "the expansion of ties with the EBRD will provide new opportunities in the securities market."
Press Service of the State Committee for Securities has not disclosed the details of the meeting and the purpose of the visit of Manfred Schepers were not known.
EBRD has a stake in a number of private companies and commercial banks of Azerbaijan. Since 1992, the Bank is an active lender of the state and private entities. Since the beginning of cooperation Bank has committed $ 2.1 billion to fund 117 projects in Azerbaijan.
In April of this year, Minister of Economic Development Shahin Mustafayev at a meeting with members of the Board of Directors of the Bank, the Bank invited to direct financing of private enterprises and the expansion of participation in the share capital. - 08D-
Economics
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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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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