The total share capital of the issuers of securities in January-November increased due to the additional issue of shares by 2,406,954,834 manat. Such a conclusion can be made on the basis of the National Depository Center (NDC) report on December 1 (minus 43.6% to December 1 of last year).
The increase in authorized capital is set within 203 registered transactions, 13 of which occurred in November - in the amount of 8 million 456.83 thousand manats. In addition, during the reporting period 40 contracts were signed with the issuers of securities.
There were registered 3,804 exchange transactions with a par value of 1,718,457,840 manats. Outside the stock exchange there were registered 294 deals with a par value of 150,976,310 manats. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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