The members of the Association of the stock market of Azerbaijan met Dec. 17 with representatives of the State Securities Committee to discuss plans for 2016.
Since January 1, comes into force the new requirements to professional participants of the securities market. Brokerages are transformed into investment companies. Under the new rules the "game", the investment company will be able to finance the operations of investors in the securities market due to loan.
I told Turan representative of investment companies, this year, an investment company licensed potentially receive up to 4 subjects. Total is expected to continue on the path of the securities market of about 15 companies.
The meeting also discussed issues of incentives in 2016 supply and demand of investment instruments in the securities market. --- 08D
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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