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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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