The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-August 2012 was 7,552.77 million manat, which is 42.9% more than the corresponding period in the previous year. In August, the exchange turnover was 516.41 million manat.
According to the BSE, the share of government securities in the period was 94.7% of all transactions.
The increase in stock sales occurred at the expense of the government securities market, an increase of 46.1%. Turnover of transactions in the primary market of notes increased 35.7%. The volume of repo transactions increased 53.8%
The corporate securities market increased 2.6%. Operations on the primary placement of bonds decreased 2.6 times and the volume of secondary transactions in bonds rose by 5.7%. The primary market share increased 72.4%, and the secondary one grew by 25.5%. The number of transactions in the primary market increased from 109 to 110, and that in the secondary market decreased from 2,471 to 2,257. - 15D -
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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