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 President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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