The volume of transactions for the six months of this year amounted to 2 billion 127.8 million manat, which is 5 times more than in the same period of 2013. Basically it is a merit of operations for placing securities.
Since the beginning of the year bonds totaling over 1 billion manat were placed on 53 transactions. Their secondary market increased twofold (375 million manat). The main instruments of this market are the bonds of the state JSC Southern Gas Corridor and the Azerbaijan Mortgage Fund (AMF).
This year, the market was placed shares for a total nominal value of 731.5 million manat, which is 560 million manat more than in the first half of 2013. Exactly half of this amount (368 million manat) accounted for shares of the state electricity distribution JSC Bakielektrikshebeke.
In contrast to the primary level, secondary market shares on the stock exchange declined. If the first half of 2013 exchange deals were concluded on shares for a total contractual value of 4.6 million manats, this year the figure has fallen to 2 million manat.
During January-June 2014 investment activity increased by 26% and concluded 2,921 deals, including 2,167 in the secondary stock market (minus 168).
BSE released ranking of brokers in June, according to which, LLC Pasha Capital retained the championship with the index of 55 million manat. Total volume of the market in June, excluding repo transactions, amounted to about 170 million manat. Nine of the 15 brokers took part in stock transactions. - 08D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
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According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
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The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
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On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
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