The general meeting of shareholders appointed the new Chairman of the Board of JSC «National Depository Center" (NDC), Araz Ismail oglu Aliyev.
As head of the central depository, serving nearly 99% of the issuers of the securities has been vacant since January this year, after the departure of Fariz Azizov, who was elected Chairman of the Board of JSC «BSE."
Araz Aliyev was born in 1960. Received two higher education in Baku by function financier and lawyer. From 1977 he worked in the banking system. Prior to joining the NDC, he spent four served as a member of the Supervisory Board of JSC Bank of Azerbaijan. Before that, he was a member of JSC Capital Bank. He is married and has 3 children.
NDC was founded in 1997 and serves as the registrar, depository and clearing. Serves about 1,500 issuers and more than 100,000 depositors of the Central Bank. 100% of its shares are owned by the State Committee for Securities. Chairman of the Supervisory Board of the NDC is Bakhtiyar Azizov, head of the SSC administration. --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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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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