Tomorrow, on December 20 the Baku Stock Exchange will hold a planned discount sale of T-bills amounting to 25 million manat.
According to the Baku Stock Exchange the Ministry of Finance put up for sale T-bills in the amount of 10 million manat with a circulation period of 364 days and it put up for sale T-bills of 15 million manat with a circulation period of 182 days.
Next week, the Ministry of Finance will put up for sale the last batch of T-bills of the same maturity in the total amount of 20 million AZN.
Before December 1st this year, the Ministry of Finance raised a little more than AZN 380 million from the sale of T-bills. The average yield of the T-bills is 14-16% per annum. ----08D
Economics
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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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