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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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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