Corporate Securities Lead in Market
Last year, the total volume of securities transactions in the local market amounted to 8 billion 894 million 88.75 thousand manat (+ 1% against the last year).
According to the information of the State Committee for Securities, the share of corporate securities accounted for more than half (53.3%) of the trades or 4 billion 737 million 505.9 thousand manat, increasing by 2.7 times.
In particular, the volume of transactions in shares amounted to 1 billion 279 million 438.13 thousand manat (an increase of 2.2 times), including the primary market - 1 billion 137 million 879.09 thousand manat (growth 2.7 times) and the secondary market - 141 million 559.04 thousand manat (minus 5%).
The volume of transactions in corporate bonds in the reporting year increased 3 times - up to 3 billion 458 million 67.78 thousand manat, including the primary market denominated in AZN - 191 million 276.91 thousand manat (minus 31% ), the primary market denominated in US dollars - 1 billion 983 million 527.94 thousand manat (an increase of 30 times), the secondary market denominated in manat - 1 billion 278 million 548.73 thousand manat (+ 56%), and the secondary market denominated in US dollars - 4 million 714.19 thousand manat (from scratch).
According to the SSC, in 2014 the volume of transactions in government securities decreased by 41% - to 4 billion 156 million 582.85 thousand manat. The volume of operations with Treasury bonds amounted to 107 million 908.65 thousand manat (minus 20%), with notes of the Central Bank - 507 million 865.06 thousand manat (+ 48%), and repo operations - 3 billion 540 million 809.14 thousand manat (minus 46%). --17D-
Economics
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Azerbaijan’s consumer price index (CPI) for the period of January to August increased by 1.3% compared to the same period in 2023, marking a period of moderate inflation in the country. According to the State Statistics Committee, the overall CPI for the eight-month period reached 101.3%, with various sectors showing mixed inflationary pressures.
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Azerbaijan has witnessed a significant rise in the average nominal monthly wages of salaried workers, with an 8.3% increase recorded from January to July of this year compared to the same period in 2023. According to data released by the State Statistics Committee, the average nominal monthly salary reached 1,002.4 manats, as the country experiences both economic growth and sectoral shifts.
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The Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, recently hosted a high-level delegation led by Elisabetta Falcetti, the Executive Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD). The meeting, held in Baku, focused on key initiatives to bolster the sustainable development of Azerbaijan’s financial sector and expand access to financing for the country’s real economy. Among the most pressing topics was the EBRD's support for Azerbaijan’s ongoing green transition.
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Recently, the prices of certain food items have increased in Azerbaijan. This is also reflected in the data released today, September 11, by the State Statistics Committee (SSC). It was noted that in August, compared to July, there were price increases in rice, beef, lamb, sausage products, butter, olive oil, and onions.
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