The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-October 2012 amounted to 8,250.5 million manat, which is 35.7% more than the corresponding period in the previous year. In October, the exchange turnover was 350.97 million manat.
According to the BSE, the share of government securities in the reporting period had 91.7% of all transactions.
The increase in stock sales occurred at the expense of the government securities market, an increase of 37.5%. Turnover of transactions in the primary market of notes increased 37.7%. The volume of repo transactions increased by 42.5%
The corporate securities market increased 18.5%. Operations on the primary placement of bonds decreased 3.6 times and the volume of secondary transactions in bonds - 19.7%. Primary market share grew by 4.3 times, and the secondary - by 24%. The number of transactions in the primary market increased from 119 to 207, and vice versa in the secondary fell from 2,940 to 2,850. - 15D -
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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