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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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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