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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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