This year for professional activities in the securities market four new licenses were granted. In total, according to the State Committee on Securities, there are 38 such licenses.
This year, the stock market has a new company - LLC Invest-AZ, which, along with its subsidiary has acquired three licenses at once. The company, which operates at the Istanbul Stock Exchange, is not active in the local market yet. The National Depository Center in connection with the receipt of the status of the Central Depository has been provided a license for clearing activities.
From the beginning of the year, updated were 4 licenses for broker-dealer business. The company Billionaire lost these licenses, without saying a word on the securities market. Note that actually LLC Garant Invest is inactive, too. Under the law, the controlling structure (SCS) has to verify the professional market in the presence of at least three employees with certificates of competency. According to LLC Garant Invest, it has suspended its activities without notifying the proper order of the SSC.
Note that as of today the securities market has 19 companies, including 15 brokers. The ranking of BSE transactions with government and corporate securities in October included 10 companies. - 08B-
Economics
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Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
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The world faces a shortfall of up to $87 billion annually for climate adaptation efforts by 2030, according to Lord Livermore, Financial Secretary to the UK Treasury. Speaking at the panel discussion titled "Mobilizing for Climate Action: Countries, Multilateral Financial Organizations, and the Private Sector Implementing the Paris Agreement," Livermore highlighted the urgent need for increased investment in adaptation measures.
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In the first nine months of 2024, Azerbaijan’s alcohol and non-alcoholic beverage production totaled a mere $53 million, underscoring the dismal outcomes of the State Program for the Development of Winemaking (2018–2025). Despite being endorsed by the president in 2018, the program has delivered lackluster results despite formal state funding. In essence, the state intervention intended to foster growth in the industry has yielded minimal success.
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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