The leader of the March "race" of brokers in the government and corporate securities market (excluding repo operations market) became JSC "Investment company Unicapital", like in February. According to the Baku Stock Exchange (BSE), its services amounted 35 million 58.000 manat. In second place is the CJSC "Investment AzFinance» (18 million 595000.) Then comes «Pasha Capital» LLC (4 million 7000), which is identical to the February position. And the last comes the CJSC "Investment Company Capital Management” with service capacity of 3 million. 861.31 thousand manat. According to the results of t last year unconditional leader was «Pasha Capital». --17D-
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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