According to the decision of the Supervisory Board of the National Depository Center, Fahriyar Jabbarov was appointed First Deputy Chairman of the Board of the central depository of the country.
The Board Chairman has two deputies.
Prior to this appointment he served as a Board member of the Financial Markets Supervision House and the Director of the department of law and enforcement. He graduated as a lawyer from Baku State University and as manager from York University.
NDC has operated since 1997. It serves all issuers of securities in Azerbaijan. Its members are licensed investment companies of Azerbaijan. The company employs more than 60 people. ---08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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