In the first half of 2012 the turnover of corporate securities (SEC) in the National Depository Center (NDC) was 229.2 million manat at face value. That's 323.5 million manat or 58.6% less than in the comparable period in 2011. The collapse of the market is mainly associated with a reduction in the primary market, but the situation in the secondary securities market is not better.
According to NDC, the turnover of SEC was 85.9 million manat. This is 42.6% less than in January-June 2011. The volume of outstanding securities totaled 89.8 million manat, which was 77.5% fewer than during the same period last year.
The high rate of growth in this background shows the growth of OTC Operations for SEC. While the January-June 2010 volume of OTC transactions was 10.4 million manat, for the same period of the subsequent years this figure was 15.5 million, respectively, and 53.5 million manat.
The number of OTC transactions for the year increased by 44% to 373, despite the fact that NDC tariffs of OTC purchase and sale of SEC are twice the stock exchange ones. OTC, as a rule, regards transactions with large blocks of securities, in publishing which the insiders are not interested. - 08B-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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