The Baku Stock Exchange held on October 20 a business forum dedicated to one of the tools to ensure liquidity in the securities market - repo.
During the forum discussions were held on the implementation mechanism of the market to manage liquidity using repo transactions. Speaking at the forum, the representatives of BSE, the National Depository Center, investment companies and SOCAR told about the importance of repo transactions to ensure the liquidity of their securities on the secondary market. The forum continued its work on panel debate on the efficiency of the repo tool in the management of short-term liquidity, the bond market level in Azerbaijan and the institution of market maker.
The forum was attended by representatives of financial and investment companies, real sector, SOCAR, the Azerbaijan Mortgage Fund, and regulatory agencies (the Financial Markets Supervision House and the Central Bank).
A repo is the purchase and sale of securities with resell (repurchase) after a certain period at a price pre-determined in the agreement. In other words, a repo agreement can be seen as a short-term loan. ----08D
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review