The volume of securities transactions in Azerbaijan in January-August totaled 7,454,997,960 manat (+ 55% as of 1 September last year).
According to the State Securities Committee (SSC), the volume of transactions with corporate securities for 8 months increased 3.3 times - up to 3,415,835,850 manat. In particular, the volume of transactions in shares amounted to 1,069,447,720 manat (up 2.6 times), including in the primary market - 917,766,860 manat (up 3.1 times), the secondary market - 151,680,860 manat (+ 24%).
The volume of transactions in corporate bonds in the period increased by 3.7 times - up to 2,346,388,130 manat, including in the primary market in AZN - 117,012,914 manat (minus 28%), the secondary market also in the national currency - 518 277,300 manat (30%). The volume of USD transactions in the primary market amounted to 1,706,383,730 manat (up to 25 times).
According to the SSC, in the reporting period, the volume of transactions in government securities increased by 7% - up to 4,039,162,110 manat. For example, in the reporting period, the volume of transactions with Treasury bonds amounted to 77,824,080 manat (+ 4%), with the Central Bank notes - 425,895,040 manat (+ 61%), and repo transactions - 3,535,442,990 manat (+ 3%).
Recall, last year the volume of transactions in securities amounted to 8,824,389,430 manat (minus 6% per year). --17D-
Economics
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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