On July 21 the close JSC "Baku Stock Exchange" started margin trading of derivative with financial instruments based on gold, silver and other commodities. Forex market in Azerbaijan is under development. There are several companies and banks that offer investors a wide range of services to invest in this market. It seems that the BSE wants to earn not only on the securities market, but in this market too.
The stock exchange reports that in the near future it is planned to arrange a margin trading of derivatives based on shares.
Margin trading allows investors to buy and sell securities and financial instruments by temporary trading limit bought from brokers on special conditions. 08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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