In the first half of this year, the National Depository Center accepted the deposit of valuable papers (mostly uncertified) of AZN 671 mln. Thus, the volume of assets stored in the NDC as of July 1, reached 7.1 billion manat.
At the recently held general meeting of NDC, it was noted that in January-June, the depositary concluded agreements on the register and deposit assets of 27 issuers. In order to achieve the goal of converting the NDC in the Central Depository, they developed an action plan to improve the position of the trading system, and set up a working group. They continue legal and technical work on the implementation of NDC clearing and settlement and integration to the national payment system through the Central Bank.
The meeting was chaired by the head of the State Committee for Securities Rufat Aslanli. - 08D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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