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-
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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