JSC "Unicapital" updated a broker-dealer license
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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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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