In accordance with the volume of services rendered to customers the company Chelsea Capital in April this year returned to lead the ranking of brokers in the market for government and corporate securities (excluding repo operations).
Last month it provided brokerage amounting to 749.98 million manat. The second place was at the company International Transaction System, with the sum of transactions in 179.56 million. The third place belonged to Pasha Capital, with brokerage services for 139.19 million manat.
Number of brokers working in the market, compared with the previous month increased in April by one - to 12. The newbie in the market, Invest-AZ, accounted for 180 thousand manats, but experts predict this company will soon break through.
Total in April brokers with government and corporate securities provided services worth 1 billion 141.74 million manat . - 17D-
The top ten brokers in government securities market in April 2014
Place in tewrms of service | Broker | Transactions (AZN) |
1 (▲)* | Chelsea Capital | 749 976 157,85 |
2 (-) | International Transaction System | 179 561 179,76 |
3 (▼) | Pasha Capital | 139 194 155,49 |
4 (-) | Standard Capital | 31 027 123,47 |
5 (▼) | Tekhnika Capital Management | 12 588 912,68 |
6 (▲) | BoB Broker | 10 993 085 |
7 (▼) | Unicapital | 7 545 188,28 |
8 (▼) | ADB-Broker | 6 343 222,72 |
9 (▼) | Khalg Capital | 2 441 810,78 |
10 (▼) | Caspian Financial ltd | 1 398 905,86 |
* - Change of place compared to the previous month
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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