Reducing activity of the public sector in the IPO market, as well as trafficking in bonds of the Azerbaijan Mortgage Fund led to the collapse of the corporate securities market in 2012. Market volume fell by 38%, the number of transactions - 1.6%.
Last year, the mass and the private placement of shares amounted to 506.7 million manat. This is 48% less than in 2011. Recall that in 2011 the volume of state injections in the primary market amounted to 824.6 million or 80% of the total volume of the primary market. According to the State Committee for Securities, in 2012, the private sector of the capital market has attracted 186.4 million manat, which is 24.4% more than in the previous year.
The volume of the secondary market has increased over the year-twice and totaled 92.5 million manat. Overall, the market shares (599.3 million manat) decreased by 42%.
It should be emphasized that more than 95% of transactions in securities accrue to the shares, including the secondary market - 84%.
The market volume of debt securities (729.4 million manat) decreased compared to 2011 more than by a third. The volume of outstanding corporate bonds (AZN 71 million) decreased by 61%. - 08D -
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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