By 30.4% in comparison with the figures for November 1 last year increased the total turnover of transactions on all instruments at Baku Stock Exchange (BSE). The press release of BSE noted that the figure for January-October totaled 7,543,125,730 manat.
Most (54.1% or 4,082,324,730 manat) volume fell on government securities. Thus this segment recorded a decline of 14.87% with a substantial increase (3.5 times) in the corporate sector - 3,460,801,000 manat.
In the primary market the volume of bonds issued by the Finance Ministry was 69,860,230 manat (minus 14.13%), while in the secondary market it was 22,277,140 manat (minus 21.88%).
In the primary market of short-term notes of Central Bank the volume was 138,069,570 manat (minus 46.87%), and in the secondary market it was 312 808 570 manat (growth by 7 times). Repo operations by November 1 totaled 3,539,309,210 manat (minus 19.23%).
The placement volume of corporate bonds in the primary market in January-October was 1,894,359,170 manat (growth by 20.23 times), and in the secondary market it was 725,229,740 manat (+ 37.3%).
During the reported period, the exchange platform implemented placement of shares amounting to 837,314,460 manat (growth by 2.38 times), and on the secondary market it was 3,897,630 manat (minus 73.31%). --17D-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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