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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The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.
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The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.
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Last week, the Central Bank of Russia raised the interest rate from 18% to 19% annually. The decision to increase the rate was made against the backdrop of rising inflation expectations among the public and businesses.
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Azerbaijan’s Cabinet of Ministers has announced a detailed timeline for the mandatory transition of labor contracts to an electronic document format, in accordance with a decree issued by the President of Azerbaijan on June 28, 2024. The resolution, signed on September 17 by Prime Minister Ali Asadov, outlines phased implementation deadlines for different categories of employers, with the aim of modernizing labor documentation and improving efficiency.
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