The Ministry of Finance intends to place government bonds in April for a total of 185 million manat. If these plans are implemented, this will be a record indicator since 2014.
The first placement of T-bills is scheduled for April 4. The investor offers bonds for the amount of 20 million manat with a circulation period of 91 days. In addition to short-term bonds (up to 1 year) in April, it is also planned to place medium-term (2 years) bonds for a total of 35 million.
In 2017, the Ministry of Finance issued bonds from 91 days to 364 days for a total of 600 million manat, and for 2 years for a total of 100 million manat.
The main investors in the state bonds market are commercial banks. State securities are placed at an annual rate of 14-18%. ----08B
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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