The National Depository Center (NDC) issued a report on the results of the first quarter. According to the information on its website (http://www.mdm.az/?lang=az&r=25&id=248), by April 1, contracts were signed with 8 new issuers for the provision of their services and custody services to keep the register. From January to April 205 new accounts were opened.
The aggregate value of the assets of companies and joint-stock companies provided services by NDC was at 16.7 billion manats. The total number of transactions from January to April was 1,290 (+ 43.6% to the first quarter last year). In monetary terms, the volume of registered transactions amounted to 598 million manats.
NDC with registered capital of 1.4 million manats was founded in September 1997, two years later transferred to the balance of the State Securities Committee, after which it was re-registered.
The center provides services to more than 1.2 thousand issuers. --17D-
Economics
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The Azerbaijani government is determined to stabilize oil production. This intention was announced by President Ilham Aliyev earlier this year. "Work is underway to stabilize oil production, and I believe we will see results in the near future. We need stable oil production, and this task has been set before the investors," he remarked during one of his speeches.
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Representatives from the World Bank, Azerbaijan’s Ministry of Digital Development and Transport, and the leadership of the Baku International Sea Trade Port (BISTP) convened in Alat on Monday to discuss the implementation of the second phase of the port’s development, the largest on the Caspian Sea.
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Investments in Azerbaijan's fixed capital totaled 15.91 billion manats ($9.36 billion) in the first 11 months of 2024, marking a 3.8% decline compared to the same period last year, official data showed on Thursday by the State Statistics Committee.
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Discussions surrounding the implementation of a landmark renewable energy project on the Absheron Peninsula took center stage at a December 11 meeting hosted by Azerbaijan’s State Agency for Renewable Energy (AREA) under the Ministry of Energy. The project, initiated through a memorandum of understanding signed on March 1 in Baku, involves collaboration with the Spanish engineering giant Elecnor.
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