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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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