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NDC, which controls almost the entire market depository activities in Azerbaijan do not publish in its Internet resource list it serves issuers of investment securities.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 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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