The Membership Commission of Baku Stock Exchange canceled the membership of five companies in the stock exchange. These are LLC Brokdil-AZ, Chelsea Capital, Standard Capital, BoB Broker and CJSC Demir Investisiya Sirketi.
Membership of these companies in the BSE was suspended in January 2016. "The Exchange will consider restoring the membership of these companies after the completion of the procedures established by law for the transformation of these companies in an investment company and obtaining the appropriate licenses," BSE noted.
These companies continue to remain in the ranks of the BSE shareholders.
Currently, the Exchange has six members: CJSC Capital Management I.C., CJSC Invest-AZ I.C., CJSC Az-Finance I.C., CJSC Uni Capital I.C., CJSC Pasha Capital I.C. and CJSC PSG-Capital I.C. ----08D
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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