New rules for certification of professional participants of the securities market is not different from the old
State Securities Committee updated the rules of certification of professional participants of the securities market. The new document is practically no different from the current to the 17th of August 2009.
Procedure for the formation of the central and local (NAR) Evaluation Commission, the certification and Estimates scores did not change. There are some minor changes and additions to the old rules.
It was determined that the certification is carried out in two directions (general theory and legislation for RZB) and the minimum passing score. Previously, Nakhchivan SSC management recognized the right of appeal has not decertified candidates. Now the appeals coming from the NAR, will be considered in Baku.
In addition, applicants for professional activity in the securities should be required to have a university education. Certificate for professional activity in the securities loaned for five years. - 08B-
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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