The November "race" brokers on volume of services rendered to the government securities market of Azerbaijan (excluding repo transactions) again was headed by company PASHA Capital.
According to the Baku Stock Exchange, in October, it was the second, and December 1, the first with a turnover of 60 million 696 thousand 228 manats.
Following is a brokerage company AzFinance Invest Ltd. with 13 million 119.39 thousand manats (one position higher than in October). And closes the top three LLC Tekhnika Capital Management - 1 million 551.38 thousand manats (4 positions better than in October).
In November, issuers used the services of 8 brokers. --17D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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