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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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