At the 21 February auction on placement of T-bills with a maturity period of 182 days the average yield was 15.76%, 2.46% less than in December last year.
Investors were offered bonds totaling AZN 10 million. According to the Baku Stock Exchange, investors submitted bids totaling 36.2 million manat. The Ministry of Finance has agreed to sell securities with a par value of 100 manat in average price of 92.75 manat.
This year, the Ministry of Finance issued T-bills in the total amount of AZN 700 million. ----08D
Economics
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According to the State Customs Committee, food import expenditures in Azerbaijan rose by 10.2% in the first ten months of 2024 compared to the same period last year, reaching a record $1.97 billion. This increase, driven by growing demand for vegetables, fruits, tea, rice, and animal products, highlights the country's rising dependence on imported food despite government efforts to boost domestic agricultural production.
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Azerbaijan's potato sector, a cornerstone of the nation's food supply and its second most significant agricultural product, is in sharp decline. Production dropped by 7.6% year-on-year from January to October 2024, reflecting a long-term downward trend, according to the State Statistics Committee.
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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