Baku Stock Exchange in January revised reporting of securities turnover, adding more stock transactions in the derivatives market.
According to the report of BSE in January the turnover of securities amounted to 1 billion 933,500,000 manat considering margin trading in derivatives of securities. In January last year, when BSE had no trade in these financial instruments (their trade has been conducted from August 2014), the turnover of securities amounted to 1 billion 483,100,000 manat. Note that in January the turnover of the currency and commodity positions in FOREX BSE reached 1 billion 575 million manat.
Last month, the Ministry of Finance and the Central Bank did not participate in the primary market for government securities. On the corporate market, the volume of placement of shares through BSE amounted to 18.6 million manat. The Mortgage Fund under the Central Bank has placed bonds worth 3 million AZN at 3% per annum. The volume of secondary market for its securities reached 252 million manat. The share of other issuers accounted for approximately 40 million manat of the secondary market for corporate bonds. In January Unibank OJSC through bonds attracted more than 10 million manat (9.75%). ----08B
Economics
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Kazakhstan’s budget airline FlyArystan has launched ticket sales for the Baku-Astana-Baku route ahead of the summer travel season, the airline’s press service said on Monday.
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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