On October 25, the Ministry of Finance places bonds in a total amount of AZN 27 million at Baku Stock Exchange.
According to BSE, bonds worth AZN 10 million will be placed for a period of 364 days and those in the amount of AZN 17 million – for 182 days.
The Ministry of Finance has appointed the underwriter – the investment company JSC Pasha Capital.
On the latest auction of October 11 the yield of 364-day bonds amounted to 14.97%, and on October 18th the yield of 182-day bonds was 17.1%.
As of October 1, the Finance Ministry gained AZN 261,429,316 from the sale of T-bills. -----08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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