State Securities Committee granted appeal of "Unicapital" to update the broker-dealer license in the securities market. The company operates in the market for 10 years.
In compliance with the law, the license granted for the next five years. The cost of each license is 5,500 manat.
Since 2012 JSC "Unicapital" has stepped up to the retail market of corporate securities. In December, with a volume of 9 million manat it was the fifth in the ranking of brokers in government securities.
On the market today there are 14 securities brokerage and 13 dealer licenses. In the first half of this year, the deadline for brokerage licenses Ltd. "Yap? Kredi Invest", "Brokdil-Az" and "Texnika Capital Management". The first two companies are to upgrade their dealer licenses. - 08D-
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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