The Financial Markets Supervision House has registered 20,000 mortgage bonds of Azerbaijan Mortgage Fund (AMF) at a nominal value of 1,000 manat each.
The term of the bonds with 3% of the annual income is 3,600 days.
On January 27 AMF placed the first issue of mortgage bonds totaling 10 million manat.
Total AMF intends to place mortgage bonds in the amount of AZN 50 million.
This year, AMF will receive AZN 50 million from the state budget for mortgage loans. ---71D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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