Total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-November 2013 amounted to 7041.2 million manat, 18.4% less than it was in the corresponding period of the previous year. In November Exchange's turnover amounted to 1259.7 million manat.
According to BSE, the share of government securities in the reporting period had 84.7 % of all transactions.
Reducing the volume of exchange sales came at the expense of the government securities market that decreased 24.2%. Turnover of transactions in the primary market of notes decreased 2.9 times. The volume of repo operations decreased 19.1%.
The corporate securities market increased 41 %. Operations on the primary placement of bonds increased 2.9 times, and the volume of secondary transactions in bonds - grew by 73.5 %. Primary market share decreased 0.5% while the secondary market increased 38% . - 15D -
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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