The leader of February in the ranking of brokers in terms of the services provided at the local market for government and corporate securities (excluding repo transactions), as expected, was the company Pasha Capital.
According to Baku Stock Exchange (BSE), it provided services in the amount of 110 million 298.61 thousand manat. In January, it was also at the 1st place with a large margin from the competitors.
The second leading broker was Chelsea Capital, with brokerage services of 25 million 849.05 thousand manat in February (in January - 4th place). The third place was at Unicapital with 18 million 395.9 thousand manat (in January - 2nd place).
In general, 7 brokers provided services in February. --17D-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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