The National Depository Center (NDC) recorded transactions on the additional issue of shares with a nominal value of 62 million 560.55 thousand manat in Q1 of this year (6.6 times less than in the same period last year) .
According to the center, during this period NDC registered 41 deals of issuers on the additional issue of shares, including in March - 23 transactions at 28 million 86.36 thousand manat. In the first quarter NDC signed eight agreements with issuers of securities. It also held registration of 1,126 exchange transactions with a nominal value equal to 587 million 990.38 thousand manat.
In addition, it registered 64 OTC transactions in securities with a par value of 3 million 502.13 thousand manat.
NDC was established in September 1997. In 1999, the Center was transferred to the balance of the State Committee for Securities, in connection with which it was re-registered in September 1999.
The authorized capital of the Center is 1.4 million manat. NDC provides services to nearly 1.2 thousand Issuers. --17D-
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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