The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in 2012 amounted to 9001.8 million manat, which is 6.8% more than in the previous year.
According to the BSE, the share of government securities in the last year had 89.9% of all transactions.
The increase in stock sales was mainly due to the government securities market, an increase of 20.5%. Turnover of transactions in the primary market of notes increased by 33.8%. The volume of repo transactions increased by 18.6%.
The corporate securities market fell by 46.9%. Operations on the primary placement of bonds decreased by 69.3%, while the volume of secondary transactions in bonds - by 35.3%. Primary market share decreased in 2 times and the secondary opposite rose by 89.3%. The number of transactions in the primary market increased from 137 to 548, and the secondary - decreased from 3424 to 3413. Overall, the market share for the year decreased by 49% - 15D -
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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