The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January -August 2013 amounted to 4,559.24 million manat, 39.6 % less than it was in the corresponding period of the previous year. In August, traffic exchanges amounted to 972.69 million manat.
According to the BSE, the share of government securities in the reported period was 82.8 % of all transactions.
The decline in stock sales occurred at the expense of the government securities market, a decrease of 52.7 %. The turnover of transactions in the primary market of notes decreased 3.3 times. The volume of repo transactions decreased 46.5 %.
The corporate securities market has doubled. Operations on the initial public offering of bonds increased 2.2 times and the volume of secondary transactions in bonds - by 76.8 %. Primary market share increased by 2.2 times, while the secondary market - by 2.3 times. - 15D -
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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