By the beginning of July 2013 the National Depository Center (NDC) stored securities with total face value of 8.1 billion manat. This is 28.5% more than at the beginning of the year.
NDC, which controls almost the entire market depository activities in Azerbaijan do not publish in its Internet resource list it serves issuers of investment securities. According to unofficial estimates their number exceeds 1,800, and according to some sources in 2100. Other Depository (LLC Corporate Trust Agency) does not have a corporate site. This company caters to only one company - JSC "International Bank of Azerbaijan." The nominal value of investment securities of the International Bank makes over 368 million manats.
It should be stressed that the NDC also provides facilities for keeping the register of holders of securities of issuers. However, in fact, and in another case, the center does not provide electronic services. Customers NDC, including having custody account individuals (their number exceeds 100,000 people across the country) are forced to be his only office in Baku. Earlier, the NDC has provided a service to individuals to obtain an extract from the depot account. For the third year the service was out of reach, the reasons for which are not reported. -0-
Economics
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The minimum wage in Azerbaijan, currently set at 345 manats, will be increased at the beginning of 2025 to meet the country’s international obligations. This was announced by economist and Member of Parliament Ali Mansimli during an interview with TV channel "24". According to him, the current minimum wage level does not meet the requirements of several international documents, which state that the minimum wage should be at least 60% of the average salary, which is 1000 manats. This means that the minimum wage in Azerbaijan should be 600 manats; however, it currently stands at only 34% of the average salary.
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The Cabinet of Ministers of Azerbaijan approved a series of amendments on September 25, to the laws regulating the circulation of medicinal products, as part of the implementation of the "Law on Amendments to the Law on Medicinal Products of the Republic of Azerbaijan" adopted on July 14, 2023. These amendments aim to align national legislation with international standards and strengthen the regulation of pharmaceutical product circulation in the country.
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The Ministry of Digital Development and Transport of Azerbaijan has approved a new regulation titled "Flight Operations Preparation Rule," aimed at enhancing the safety and efficiency of civil aviation activities. Decision number 3-27/3-7-16/2024 was adopted by the ministry’s collegium on September 12, 2024, in accordance with the law "On Aviation" dated December 22, 2023.
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The Ministry of Digital Development and Transport of the Republic of Azerbaijan approved a comprehensive set of airworthiness regulations aimed at ensuring the safety and reliability of the country’s civil aviation sector.
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