LLC Yapi Kredi Invest received a new license for a broker-dealer activities in the securities market. License renewed for another five years.
The company, once the leader in the market for government securities, in recent months has not been included in the ranking of brokers trading government securities. It deals with placement of corporate securities.
Ltd. Yapi Kredi Invest was established by the commercial bank Yapi Kredi Azerbaycan. The company is one of the shareholders of BSE.
Recall that in Azerbaijan there are 14 brokerage licenses and 13 licenses for dealer activities in the securities market. This year, there is a deadline for licensing of two more companies. - 08D-
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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