The State Securities Committee renewed the special permits (licenses) of Ltd. Khalq Capital for broker-dealer activities in the securities market. The company recovers its activity after a two year hiatus.
SSC on September 20 granted the appeal of the renewal of the licenses of professional participants of the securities market. Thus, the number of brokers in Azerbaijan reached 15 and the number of dealers reached 14.
Ltd. Khalq Capital was founded in August 2007 by OJSC Khalq Bank. Its authorized capital is 210 000 manats. The licenses were granted on 28 October 2009, and suspended on 13 September 2011. The term of the licenses is 5 years. The cost of each license is AZN 5,500 . - 08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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