The State Committee for Securities (SCS) and Korea Exchange signed an agreement on the supply and installation of an information system of trade, post-trade and control of the securities market, the committee said.
The international tender for the implementation of the purchase was announced in April 2014 within the component "Modernization and automation infrastructure of the capital market" of the World Bank project "Modernization of capital markets." The last stage of the competition also involved the company InfoTech Private Limited.
According to the State Securities Committee, the contract between the SCS and Korea Exchange was $ 5,546,000 (VAT included).
Note that in 2012 this project involved the consulting company Corporate Solutions (Britain), whose services were estimated at 6.7 million euro.
In May 2011, the State program "Development of the securities market in Azerbaijan in 2011-2020" was adopted. To accomplish this document, "Modernization of Capital Market" was drafted, which will be completed this year.
The project is estimated at $ 15.8 million, of which $ 12 million is financed by WB. As of December 31, 2013, $4,869,000 was used for the implementation of its various components. ------08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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