At a November 3 meeting of the board of the State Committee for Securities decided early simplification and automation of licensing of professional participants of the securities market. This work will be carried out with the participation of the Ministry of Economy and Industry and the service ASAN Khidmet, said the agency.
Field testing of professional participants of the securities market in Azerbaijan suspended since 2014, and reporting is checked on the basis of documents submitted in an electronic manner.
We note that, under the law, professional participants of the securities market should operate only on the basis of the paying special permits (licenses) issued for a period of 5 years. With the entry into force of the law "On the Securities Market", since 2016 these licenses will be perpetual.
The SSC is said about inspections issuers of securities, which in many cases violate the rights of investors. On the basis of such complaints in the first nine months of 2015 the SSC has imposed administrative penalties against 122 JSCs totaling 152.5 thousand manats. ---- 08D
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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