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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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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