The State Securities Committee circulated today about the fact of identifying proposals from the representative of the company "Forex4you" asset management services without obtaining a special permit (license). The company itself refutes the statement of the supervisory authority in the securities market.
The report by the Department of Public Relations SSC noted that companies have been instructed to suspend the illegal activity. In addition, the committee called on citizens to be vigilant in the operations of this company.
Director of the Azerbaijan representation of the company "E-Global Trade & Finance Group" (Virgin Islands, British) Farid Sattarov said Turan, that today the company has not received an official document from the SSC with a claim on its activities. "As for the" Forex4you "and its services, must declare that it is not the company but the trading brand of" E-Global Trade & Finance Group ". Our business is to provide customers with a full service investment, which is very different from asset management activities, "he said. Sattarov said that, in implementing inspection the staff of the SSC is confused because of the low level of knowledge in the sector of finance. According to the representative of the "E-Global Trade & Finance Group" similar services in Azerbaijan and the company has "Forex Club". - 08B-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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