State Securities Committee has suspended the license of Unicapital LLC and Standard Capital LLC for securities management. The reason for this step is not made public.
From this year the legislation has excluded the professional activity in the securities market and securities management. It was replaced by asset management.
Just before yesterday licenses for securities management had two companies, which lost their licenses. In one of the companies they told Turan that the suspension of the license term is associated with a reduction from three to two the number of employees in the company who have evidence of securities management. Under the legislation the company can manage the securities with three staff members with such evidence. And to get such a certificate is no longer possible, as a professional activity in the securities market and securities management is excluded from the legislation.
Today, in the securities market in Azerbaijan there are 18 companies that have 43 licenses of six professional activities. - 08D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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