CJSC Baku Stock Exchange updated on November 15, its corporate site (in the Azerbaijani and English languages), expanding its content with new sections.
The site consists of six sections which tell about the corporate structure of the exchange and its members, exchange-traded instruments, issuers of securities on the stock exchange statistics.
For the first time since 2010 BSE placed audited annual financial statement, which indicated in 2014 its operating income increased by 20.1% and amounted to 1 million. 56 thousand manat However, taking into account the operating costs (1 million 164 thousand manat), the exchange loss amounted to 107 thousand manat. The Exchange came to profit only by stored in banks monetary assets of 2 million 240 thousand manat. It brought interest income in the amount of 204 thousand manat. These funds are subject to profit tax and the net profit for BSE in 2014 amounted to 54.6 thousand manat.
BSE was established in 2000. Its authorized capital is 1.26 million manat. Stocks of the Exchange (6,300 units) are divided between 20 companies.
The members of BSE are 13 companies. -0--
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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