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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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