The Polish Financial Supervision Agency organized training for employees of the State Committee for Securities of Azerbaijan on various aspects of the management of the relationship between investors in the securities market.
The press service of the State Committee for Securities told Turan that during the last week the SSC staff, as well as the National Depository Center and Baku Stock Exchange, visited the Warsaw Stock Exchange and the Central Depository of Poland, and received the knowledge of the acquisitions (takeover bids), as well as compensation schemes and the protection of investors, or stock and depository operations.
Azerbaijan has prepared in accordance with European Union directives a bill on amendments to the Civil Code on the regulation of the absorption of joint stock companies and protection in this respect of the interests of minority shareholders. When this bill is to be adopted is unknown.
The twinning project implemented in Azerbaijan by the Financial Supervision Agency of Poland aims to unify the local institutional, legal and regulatory framework for the securities market with the EU standards, as well as to raise the awareness of the market participants. -08D-
Economics
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
-
In its latest Transition Report covering 2024–2025, the European Bank for Reconstruction and Development (EBRD) highly praised Azerbaijan's efforts in digital transformation and cybersecurity. The Bank noted that investments in digital networks have led to significant infrastructure improvements, including a one-third increase in internet speed over the past year.
-
Azerbaijan’s Finance Ministry reported on Thursday that the country’s public debt, including domestic and external obligations, amounted to AZN 26.201 billion ($15.4 billion) as of October 1, 2024, equivalent to 21.6% of GDP.
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, praising notable achievements in macroeconomic stability and the banking sector. However, the report underscores persistent vulnerabilities stemming from the country’s dependence on hydrocarbons and provides a detailed outlook for its oil-rich economy.
Leave a review