Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

120 DOING BUSINESS IN AZERBAIJAN
Baku Stock Exchange does not charge fee for depository services
provided for state securities and has the clearing account in
National Bank and calculates liabilities of transaction participants
during the trading session and by the result of trading session
settles transactions.
Baku Stock Exchange regularly and operatively refresh official web
site www.bfb.az, which is available in 3 languages.
Subscribers for analytical services of Baku Stock Exchange are
provided with daily bulletins, regular analytical notes, monthly
reviews and reports on different fields.
Baku Stock Exchange experts hold regular meetings with potential
issuers and Investors in order to find best solution for capital
accumulation and management.
Baku Stock Exchange is the member of the Federation of Euro
Asian Stock Exchanges and other international organizations.
Survey of BSE for January-December 2008
The total turnover of transactions on all instruments on Baku Stock
Exchange made 9,519.57 mln. AZN during January-December 2008.
This indicator exceeds the same one for the analogous period of the
last year by 173.39%.
It should be noted that in December the monthly turnover on the
instruments exceeded AZN 1 bn. making AZN 1,139,749,306.77. This
is the third time running that monthly volume of BSE exceeds AZN 1
bn. In other words, the BSE’s turnover on the last quarter of the past
year amounted to AZN 3,534.510 mln being 37.13% of the exchange’s
total turnover for that year (please see the table below).