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 Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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