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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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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