Baku Stock Exchange in January revised reporting of securities turnover, adding more stock transactions in the derivatives market.
According to the report of BSE in January the turnover of securities amounted to 1 billion 933,500,000 manat considering margin trading in derivatives of securities. In January last year, when BSE had no trade in these financial instruments (their trade has been conducted from August 2014), the turnover of securities amounted to 1 billion 483,100,000 manat. Note that in January the turnover of the currency and commodity positions in FOREX BSE reached 1 billion 575 million manat.
Last month, the Ministry of Finance and the Central Bank did not participate in the primary market for government securities. On the corporate market, the volume of placement of shares through BSE amounted to 18.6 million manat. The Mortgage Fund under the Central Bank has placed bonds worth 3 million AZN at 3% per annum. The volume of secondary market for its securities reached 252 million manat. The share of other issuers accounted for approximately 40 million manat of the secondary market for corporate bonds. In January Unibank OJSC through bonds attracted more than 10 million manat (9.75%). ----08B
Economics
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The first Russian-Iranian joint LNG plant is planned to be built in the Chelyabinsk region by 2027, as reported by Nikolai Isakov, Vice President and Executive Director of the Russian Gas Society. The joint venture will be developed by Kriogaz Chelyabinsk (Russia) and North-South Corridor Development Group (Iran).
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The Southern Gas Corridor (SGC) will expand by at least 1.2 billion cubic meters per year starting from January 2026, thanks to the capacity increase of its European segment, the Trans Adriatic Pipeline (TAP). By this time, the potential for transporting a blend of hydrogen with other low-carbon gases through TAP is expected to become clearer.
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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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