Azerbaijan and Turkey have great potential in the area of capital markets, the realization of which were discussed on 20 October in Baku Stock Exchange at a meeting with the Executive Deputy Chairman of the Istanbul Stock Exchange, Mustafa Yilmaz.
According to BSE, BSE chairman Fariz Azizov held an exchange of views with the Turkish delegation at the current level of bilateral cooperation. They focused on expanding trade securities using trading platforms of BSE and the Istanbul Stock Exchange, the exchange of experience, as well as to attract new investors to the capital markets.
BSE was established in 2000, and since then Istanbul Stock Exchange has been a shareholder with a 4.76% share. BSE has 20 shareholders. --08D--
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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