On February 1, the Baku Stock Exchange moves to a new phase of continuous trading. The goal is providing instant transactions for buying and selling securities at the highest market price.
In a press release BSE noted that in case of a performance of the same broker as the seller and the buyer a certain package CB (cross-trade), reports of these applications will be announced in advance for security capabilities to other exchange members bringing more competitive offers. The move, according to experts exchange will contribute to a fair pricing, transparency and protection of investors' interests.
At present, almost all transactions in shares are targeted and are cross-trades. Selling price, exchange-traded shares in 95% of cases, is no different from the nominal value. The investors have no other source of information on the cost of the shares. In many cases, the actual value of shares several times at fixed exchange rates.
In the exchange they believe that the innovation will deepen the stock market and stimulate supply and demand. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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