On May 6 , the Ministry of Finance fully deployed short-term government bonds (T-bills) in different circulation periods totaling 16 million manat. As demonstrated by the activity of investors in general demand exceeded supply by more than 5 million manat.
Bond yields, depending on the period of circulation were 1.46 % ( 35 days maturity ), 1.89 % (91 days) to 2.90 % (365 days) . Investors are local banks that are experiencing acute difficulties with the placement of funds, they told Turan in one of brokerage firms.
At the same time, brokers believe that domestic banks are quite free to buy long-term Eurobonds of the Ministry of Finance of Azerbaijan on the secondary market, which can provide higher - interest rate of 5% per annum.
From January to April, the Ministry of Finance did not issue T-bills. On May 5, three issues were issued T-bills in the total amount of 600 million manat, which is planned to place in stages.
In 2013 the Ministry of Finance placed on the T-bills market in excess of 98 million manat, which is 31% less than in 2012 . - 08B-
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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