LLC Respublika Invest did not extend the period of its broker-dealer license to operate in the securities market that ended in September.
A functionary in JSC Bank Respublika, which is the sole founder of LLC Respublika Invest, told Turan that from now on, in compliance with the law, securities transactions will be performed by the bank.
LLC Respublika Invest operated from September 24, 2007. The company owns 5.55% of shares of Baku Stock Exchange closed-type JSC. In the stock market, the company mostly worked with corporate clients in deals with government and corporate debt securities, as well as in the primary and secondary stock market.
Azerbaijan has 14 active licenses for brokerage and 13 licenses for dealer activities in the securities market. - 08B-
Economics
-
Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
-
Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
-
The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
-
Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
Leave a review