The Listing Committee of CJSC Baku Stock Exchange (BSE) in the listing on the Stock Exchange alternative market segment added five securities companies.
The brokerage company Tekhnika Capital Management told Turan that the decision was made on the basis of the new BSE Listing Rules of the Central Bank promulgated on 1 February 2015. Under these rules, the alternative market segment includes securities of those companies that on the parameters do not meet the basic or standard listing segment. For inclusion in the alternative segment it is enough to receive an application from the owner of at least 10% of the shares in the stock exchange.
It should be noted that the inclusion of the stock market in the alternative market segment requires the issuer to submit to the BSE and make public information about the dividends paid to the JSC shareholders, and the annual financial statements (not later than 30 June after the end of the fiscal year). 08B
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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