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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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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