In April of this year, the turnover of corporate securities in the National Depository Center was 138.6 million manat. It is 5.6 times more than in April last year. The main part of the purchase and sale of securities accounted for stock transactions on the secondary market - 80.3 million manat. For the corresponding period in 2012, the figure was only 3.4 million manat.
In April, it placed corporate bonds worth 58.1 million manat, about 40 mln more than in the same month in 2012.
NDC has plummeted turnover of operations for OTC transactions (177 000 manat).
In just four months in 2013 the NDC was recorded transactions in corporate securities for a total amount of 294.6 million manat, which is 45% less than for the same period in 2012 (535.3 million manat).
During the reporting period of the year there were recorded 1503 NDC transactions, which is 1.6% less than in January-April 2012. ---- 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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