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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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