The Lithuanian JSC Garsu Pasaulis Azerbaijan has renewed the license to manufacture and sell all kinds of forms of securities. The license was issued on March 19 and the State Securities Committee provided information on March 28.
The previous license term expired in early January this year . Earlier it was reported that the Lithuanian producer secure printed products performed various orders of government agencies of Azerbaijan.
The license to manufacture and sell all kinds of forms of securities available for 5 years and the state fee for its reception is 5,500 manats.
Currently operating in Azerbaijan are 7 licenses for this activity. Four 4 licenses are at foreign companies, including two from Lithuania (JSC Garsu Pasaulis and JSC Ukmerges Spaustuve). The term of the licenses of the Kazakh, Ukrainian and Lithuanian companies expires within 9-12 months.
Azerbaijan securities are issued mainly in book-entry form. Also outstanding are certificates of deposit and housing certificates several issuers. Tobacco and alcoholic beverages are marked with special excise stamps. - 08D -
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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