The Supervisory Board of JSC BSE received the organization LLC PSG-Broker. It became the 18th member of BSE.
LLC PSG-Broker was registered in July 2012 with a registered capital of 1,250 manat. In September of the same year the company was granted a license for the provision of brokerage and dealer services on the securities market.
In May this year, PSG-Broker was selected as an underwriter of the bonds of Southern Gas Corridor with a total cost of $ 917.3 million. Due to lack of membership in BSE, the right for placement of securities was transferred to the company Invest-AZ. The company does not show itself on the stock exchange activity and was not included in the ranking of brokers.
Director of PSG-Broker is Matanat Iskenderova, who previously led the brokerage company Standard Capital. - 08D-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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