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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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