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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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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