In July of this year, the National Depository Center (NDC) recorded transactions on purchase and sale of corporate securities in the amount of 1 million 658.7 thousand manat at face value, which is 60.5% less than in the comparable period of 2011.
Outside the stock exchange were concluded 24 transactions, or 33 units less than in July 2011.
NDC released a report on the operations in July this year, according to which the volume of transactions on the SEC was 63.8 million manat, and placement in the primary market - 29.1 million manat.
Azerbaijan has two depositories. LLC Corporate Trust Agency does not publish data on OTC transactions. - 08B-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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