The State Securities Committee granted on May 20, LLC Invest-AZ a license to a broker-dealer in securities market.
About the founders of the company are not reported. In the public register of commercial entities as long as there is no information about this company. Each license is AZN 5,500 and issued for a period of 5 years.
Most brokerage firms in Azerbaijan (10 of 14) are subsidiaries of commercial banks. Some brokerage firms are closing, not showing himself on the securities market. On April 30 of this year, the SSC has suspended the license LLC "Billionare" to a broker-dealer. In 2011 alone, the company suspended work "Xalq Kapital" and "AFB Capital" which in addition to brokerage and dealership have got licenses on management of securities. 08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review