The State Committee for Securities in the near future will start testing a single platform for trading securities, post-trading and control, and training for its members. To this end, there are experts from Korea Exchange in Baku.
These works will continue until the end of February 2016 with the participation of the National Depository Center and Baku Stock Exchange. The system will be put into operation in H1, 2016.
Korea Exchange is the executor of the component "Information systems of the capital market", implemented under the World Bank project "Modernization of capital markets." In January 2015 the Koreans received an agreement from the State Committee for Securities in the amount of $ 5 million 546 thousand (including VAT). -----08D
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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