An auction on placement of the second batch of medium-term bonds (2 years) of the Ministry of Finance will be held on Baku Stock Exchange on March 28. Investors are offered bonds for a total of 10 million manat.
The Ministry of Finance offers investors securities at the discount rate of the Central Bank - 15% per annum.
On February 28, the first batch of medium-term bonds (MTB) in the amount of AZN 10 million was fully placed. Some of the investors demanded 28% per annum for them.
This year, the Ministry of Finance plans to place MTB for AZN 100 million. ------08D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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