State Committee for Securities suspended on April 30 the license of Billionaire LLC to implement the broker-dealer activities in the securities market.
The initiative of the suspension of professional activities came from the company, Turan was told in the press service of the State Securities Committee.
Ltd. Billionaire received a license in August 2009, and since then has never manifested neither the stock market nor the government securities market. Idle is also Ltd. Qarant Invest. However, the license for brokering company did not hand over to the SSC. In 2012, the brokerage and dealer licenses were granted Ltd. PSG-Broker, the activity of which is also not shown.
According to the SSC, today remain in force 12 brokerage licenses, 11 dealers, 3 depository licenses, etc.
The cost of five-year license to carry out broker-dealer activities is 5,500 manat. - 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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