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NDC, which controls almost the entire market depository activities in Azerbaijan do not publish in its Internet resource list it serves issuers of investment securities.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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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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Azerbaijan’s state-owned electricity producer, Azerenergy, is advancing the construction of six hydroelectric power plants (HPPs) in the Kalbajar and Lachin districts as part of the country’s efforts to expand its renewable energy capacity. The plants, with a combined capacity of 37.5 megawatts (MW), are expected to be commissioned in the first half of 2025, according to the company.
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