The decision of the State Committee for Securities (http://huquqiaktlar.gov.az/StatementDetails.aspx?statementId=32034) eliminated the "Rules to eliminate violations of the law on the securities market and monitoring of the Investor Protection "operating since November 2000.
The decision was taken on December 19 and came into force on 30 December.
As a rule, in the implementation of measures to restore the rights of investors SCS was guided by this document. From now on, the agency in the exercise of its powers for the protection of investors' rights must be guided by the Law "On regulation of inspections in entrepreneurship and protect the interests of entrepreneurs" (entered into force on 29 August 2013), as well as the Law "On Protection of the rights of investors in the market securities "(26 October 2000).
In January-November 2014 SCS penalized 353 businesses for violations of the rights of investors, the total size of which amounted to 432.5 thousand manat, which is 2.7 times more than in the same period in 2013 .-- 08B -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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