Opaque market shares on the OTC platform continue to demonstrate strong performance. According to the National Depository Center, in November, the curb was concluded 60 transactions of purchase and sale of corporate securities in the total amount of 10 894 thousand manat, which is 7.2 million, or three times more than in October.
It is noteworthy that almost all transactions are made at the nominal value of the securities, leading to tax evasion.
Publication of daily information on OTC transactions in September 2011 assigned to the Baku Stock Exchange. However, Exchange ignores even the court decision on publication of an OTC transaction in accordance the rules approved by the State Committee for Securities. Trial court's decision to assign responsibility BSE publication OTC was upheld on appeal. But despite this manual exchange still "resists" Thus, the exchange has actually become the main obstacle transparency in the securities market in Azerbaijan. 08B
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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