Held in Baku on January 27, Baku Stock Exchange auction of Azerbaijan Mortgage Fund (AMF) fully placed the first issue of mortgage bonds totaling AZN 10 million.
The underwriter of the placement of secured mortgage bonds was the investment company JSC Pasha Capital.
Total AMF intends to place mortgage bonds in the amount of AZN 50 million. Investors receive income on them at a rate of 3% per annum.
Repayment of the bonds will take place in December 2026.
This year, AMF will receive AZN 50 million from the state budget for mortgage loans. ---08D
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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