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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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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