
Finance Ministry proposes to investors bonds amounting 10 million
Next auction on placement of government bonds with maturity period of 91 days will take place tomorrow at Baku Stock Exchange. At the previous auction the Ministry of Finance intended to issue bonds of the same period in the amount of 20 million AZN, but investors have bought bonds by 15.1 million manat. In addition, the Ministry of Finance granted the application of investors at a rate of 8.45% to 11.01% per annum. Investors, as a rule, are the commercial banks, which need to get rid of the current liquidity on manat mass, as they have difficulties with lending. 08D
Economics
-
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.
-
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.
-
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.
-
"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.
Leave a review