Despite the existence of legislation, Azerbaijan has no investment companies. However , a group of employees of the State Committee on Securities and BSE during a visit to Germany, which was held from 7 to 11 October , received training on licensing of investment companies and control of the adequacy of their capital .
In the department of public relations SSC they told Turan that training for their employees conducted by specialists of the financial supervision authority of Germany - Bundesanstalt fur Finanzdienstleistungsaufsicht-da (BaFin). The training was organized by the twinning project, which is being implemented in cooperation with the Polish Financial Supervision Agency and the BaFin. The aim of this project is to bring the institutional, legal and regulatory framework for the securities market in Azerbaijan in line with EU standards, as well as raising awareness of participants of the securities market.
AR Law "On Investment projects" was adopted in December 2010. The minimum capital requirement for investment funds is 500 000 manats. - 08D-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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