In July, the services in the government and corporate securities market, except for repo-operations , provided only four brokers at the Baku Stock Exchange (BSE) , traditionally, this figure ranges from 8 to 10. As a result of last month, the leader was JSC "Investment company Unicapital» with the service capacity of 52.795.370 AZN. This intermediary structure pressed the traditional leader last month Pasha Capital (40m. 945.980 AZN.)
Holders of the third and fourth positions: on the account of CJSC "Investment Company AzFinance» there are 19 million 63.99 thousand, on the account of Capital Management – 5.838.580 AZN. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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