In 2012, only the secondary market for securities grew
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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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.
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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.
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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.
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"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.
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