Over three quarters of this year, the volume of transactions in corporate securities in Azerbaijan amounted to about 3.5 billion manat, which is 3.1 times more than in the comparable period of 2013. The state is the first violinist in the formation of supply and demand in this market segment.
The main part of the volume of transactions in corporate securities fell on bonds - 2.5 billion manat, which is 3.6 times higher than the figure for the same period last year. This year, were placed bonds of the state JSC Southern Gas Corridor. At the same time one of the most popular market instruments are bonds of Azerbaijan Mortgage Fund, which in spite of the low interest rate, are popular on the secondary market of financial institutions.
It is noteworthy that this year the placement of corporate bonds (118 million manat), which were issued in local currency, decreased by 28%.
This year's positive trend is demonstrated by the stock market (527 million manat). From the beginning, the turnover amounted to 975 million manat, which is 2.2 times more than in the first nine months of 2013. Action was taken for a total nominal value of 930 million manat. Meanwhile, the secondary market share was 44.9 million manat, which accounts for 85% (3,761) of transactions. There was a decrease by 64%.
Total based on government securities (Treasury bonds and notes of the Central Bank), the securities turnover in Azerbaijan in the first nine months of 2014 for more than 5 thousand transactions was 7.5 billion manat. This is 2 billion AZN or 37% more than in the comparable period of 2013. --08D--
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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