Tomorrow starts auction of short-term notes of the Central Bank of Azerbaijan (CBA) in the amount of 5 million manat.
According to the Baku Stock Exchange (BSE), the total amount of the issue is AZN 30 million. Circulation term of the 300,000 notes with nominal value of 100 manats will be 28 days, while the date of maturity of the securities is August 13, 2014.
The Central Bank started issuing short-term notes in September 2004. The issue of notes is in accordance with the agreement with the BSE of July 5, 2004. This year, the CBA plans issue of its notes for AZN 2 billion. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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