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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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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