At the May 31 auction of state short-term bonds (91-day), investors placed bids exceeding the supply fivefold (5 million AZN).
According to BSE, 10 investors filed 15 applications totaling 25.8 million AZN.
According to the results of the auction, the maximum interest rate on the bonds amounted to 10.13% per annum. The average weighted interest rate has been determined by the Ministry of Finance at the level of 9%. ----08B
Economics
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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