In the April 19 auctions for the sale of state short-term bonds the Ministry of Finance once again provided high returns to investors.
According to the Baku Stock Exchange, a total of 6 investors were offered bonds worth 20 million AZN. At 21 requests, the investors placed 21 offers for the purchase of bonds in the amount of 38.5 million manats.
Following the auction on the bonds for a period of 1 year, the maximum yield was 15% and the average yield was 11.34%. According to the semi-annual bond, the maximum yield was 13.14%, and the average was 12.17%.
Placement of government bonds began in January of this year. Total Ministry of Finance with a view to placing domestic bonds issued bonds amounting to 400 million AZN and $ 500 million. -----08D
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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