The State Securities Committee has provided the 13th of May Brokdil-AZ new licenses for broker-dealer activities in the securities market. Post issued a sector of public relations SSC.
The license is granted for a period of 5 years. The cost of a single license is 5.5 thsd manats.
In April this year, Brokdil-AZ with a measure of 7.4 million manat took the eighth place in the ranking of brokers in government and corporate securities. In the ranking of companies included 9.
Ltd. Brokdil-AZ was established in January 2008 and belongs to the group of companies AtaHolding. The authorized capital of the company is 71,200 manat.
As of the 15th of May in Azerbaijan had 13 brokers, 12 dealers, 3 depositaries, 2 registrars, 1 stock exchange and 1 clearing company. - 08D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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