On the November 1 auction the Finance Ministry fully placed bonds worth 22 million manat with a circulation period of 91 days.
According to the protocol of the Baku Stock Exchange, the weighted average price of a bond amounted to 95 manat 66 gepiks at par value of 100 manat or 18.44% per annum. On several applications investors bought bonds even at the yield of up to 22% per annum.
In total, the auction was attended by 8 investors who placed 14 bids for a total of over 63 million manat.
From the sale of securities the Finance Ministry earned 21 million 51 thousand manat. -----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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