LLC Pasha Capital has become the 17th member of the Baku Stock Exchange (BSE). Yesterday the deputy chairman of the BSE Vugar Namazov gave the Director of LLC Pasha Capital Ruslan Maharramov a certificate of membership in the brokerage market.
Ltd. Pasha Capital received a broker-dealer license in the securities market on 24 August. The The company is in Pasha Holding.
Today, 12 companies are active members of the BSE. The other four companies have temporarily suspended membership in the Exchange.
BSE was established in 2000. Its shareholders are 19 companies, including the Istanbul Stock Exchange. - 08s-
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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