![Corporate market grew 5 times](https://turan.az/resized/media/2014/main/070400083431-750-500-resize.webp)
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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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