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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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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