BAKU/09.01.14/TURAN : In accordance with the volume of services rendered to customers the company Pasha Capital in December 2013 picked up the lead in the ranking of brokers market for government and corporate securities (excluding repo operations ) . This month it provided brokerage services in the amount of 138.61 million manat. The second place went to the company Khalg Capital, with the sum of transactions in 89.77 million, third place shifted to Chelsea Capital with brokerage services of 54.65 million manat.
Number of brokers working in the market, compared with the previous month increased by one in December. - 15D -
Economics
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As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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