The State Committee for Securities offered on August 24 LLC Pasha Capital two licenses for professional activity in the securities market. The company will implement a broker-dealer activity.
Pasha Capital is a company of Pasha Holding. The holding consists of seven entities, including two banks and an insurance company, which actively work with government securities. According to a representative of one of the brokers, the new company will probably serve the subsidiaries of the holding, in order to save funds that were paid to other brokers in the form of fee.
Currently on the securities market in Azerbaijan there are 36 licenses, including brokerage - 14, dealership - 13, asset management - 2, etc.
Licenses for professional activity in the securities market in Azerbaijan are provided for the period of 5 years. The cost of a license is 5,500 manat. - 08D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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