The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-June 2013 amounted to 2,985.07 million manat, which is 48.1% less than it was in the corresponding period of the previous year.
According to the BSE, the share of government securities in the reporting period was 86.3% of all transactions.
The decline in stock sales occurred at the expense of the government securities market, reducing by 2.2 times. The turnover of transactions in the primary market of notes decreased by 3.4 times. The volume of repo transactions decreased by 2.2 times.
The corporate securities market increased by 2.6 times. Operations on the initial public offering of bonds increased by 95.3%, while the volume of secondary transactions in bonds - by 104%. Primary market share increased by 4.8 times, while the secondary market decreased by 4%. - 15D -
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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