The draft law "On securities market" is at the stage of coordination of ministries and departments, and I hope he is the submission to the Cabinet of Ministers and the Presidential Administration, will be included in the agenda of the autumn session of the Milli Majlis, the Chairman of the State Committee for Securities Rufat Aslanly told Turan.
Regarding other bills designed to the SSC, with the participation of international experts, Aslanly said that most of them are located in the Office of the President, and some - in the Cabinet of Ministers. These are two bills on amendments to the Civil Code and the amendments to the Code of Administrative Violations. The corporate community is waiting for the adoption of these laws, the third year.
Work on improving the legal framework of the securities market continues, and since the beginning of this year, 10 were approved regulations Aslanly said. - 08B-
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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