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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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