At the auction on placement of T-bills with maturity period of 91 days, not all the 12 investor bids were satisfied because of the high demand for them. According to the Baku Stock Exchange, investors submitted bids for the purchase of bonds with a total nominal value of 27.4 million AZN at the suggestion of 10 million manat. Discount bonds of the Ministry of Finance are placed below their nominal value. Thus, the weighted average yield on them amounted to 9,86% per annum. 08D
Economics
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Azerbaijan has initiated the creation of the Trans-Caspian Customs Transit Portal, an ambitious project aimed at simplifying and accelerating customs procedures for goods transiting through regional countries. The portal, which facilitates faster goods clearance through pre-processing of data and streamlined formalities, is seen as a key step toward enhancing trade efficiency in the Caspian region.
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Azerbaijani President Ilham Aliyev hosted Jenny Johnson, CEO and President of Franklin Templeton, one of the world's leading asset management firms, to explore avenues for strategic cooperation.
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Azerbaijan produced 28,394.1 million kilowatt-hours (kWh) of electricity in 2024, according to operational data released by the Ministry of Energy.
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The 10th meeting of customs heads from the Organization of Turkic States (OTS) commenced in Baku on Tuesday, bringing together senior officials from Azerbaijan, Turkey, Kazakhstan, Uzbekistan, and Kyrgyzstan. Representatives from the United Nations, the International Road Transport Union (IRU), and the customs authorities of Georgia and Hungary also participated.
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