In the near future Azerbaijan will realize the program of consultation on the listing of securities of companies, which will play a significant role in the development of the securities market, said the chairman of the State Committee for Securities Rufat Aslanli when meeting with a delegation of the International Monetary Fund, led by the Head of Mission in the country Raja Almarzogi.
In a press release press service SSC noted that Aslanli also reported that consulting services for the capital markets will be provided by specialized training centers. This is provided by the World Bank program "Modernization of the capital markets."
According to the head of SSC, as a result of this program, as well as the state program of development of the securities market in 2011-2020, the market has created "new opportunities."
The head of the IMF mission to Azerbaijan said at the meeting that his objective is to identify new opportunities for collaboration with the SSC on the recommendations of the IMF. He also expressed satisfaction with the ongoing reforms in the securities market in Azerbaijan. ---08D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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