BSE turnover in January- October fell by 30 %
The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-October 2013 amounted to 5,782.29 thsd manat to 30% less than it was in the corresponding period of the previous year. In August, traffic exchanges amounted to 517.1 million manat.
According to the BSE, the share of government securities in the reporting period accounted for 82.9 % of all transactions.
The decline in stock sales occurred at the expense of the government securities market, a decrease of 36.6%. The turnover of transactions in the primary market of notes decreased 3 times. The volume of repo transactions decreased 35.2 %.
The corporate securities market increased 43.5 %. Operations on the initial public offering of bonds increased 2.5 times and the volume of secondary transactions in bonds - 85.3 %. Primary market share decreased 1.1 %, while the secondary market - grew by 47.5 %. - 15D-
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- Social
- 6 November 2013 15:15
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- Question-answer
- 6 November 2013 15:44
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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