In the first quarter of this year, the market for non-investment instruments securities showed a negative trend. Were not marked new financial instruments, and the available market securities recorded stagnation.
According to the State Securities Committee (SSC), in January-March this year was not issued any certificate of deposit or housing certificates or treasury bills.
In December last year, the government was asked to allow importers to use treasury bills at payment of customs duties and taxes. However, meanwhile these papers are not practiced. In the first quarter of last year, one construction company has released 96 housing certificates worth more than 61 million manat. Despite the promising housing demand, housing certificates did not attract the attention of buyers of apartments.
This year, Azerbaijan signed promissory notes for debts totaling 2.8 million manat.
SSC for three months from the beginning of the year registered 661 mortgage-backed securities, which is 1% less than in the same period last year.
In the first quarter of this year, the SSC registered 7 contracts on securities. For the comparable period of 2012 there were signed 23 such agreements. On the number of pledged securities are not reported.
It should be noted that securities that are not yet common type of investing and raising capital. - 08D-
Economics
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Azerbaijan’s Central Bank has outlined its commitment to maintaining inflation within its target range, as it projects stable inflation expectations for the coming years. According to a recent statement from the Central Bank regarding the parameters of its interest rate corridor, the current monetary policy is focused on keeping inflation within the target range and stabilizing inflation expectations.
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Azerbaijan’s central bank has reported a stable currency market as its foreign exchange reserves reached $11 billion by the end of 2024, according to Taleh Kazımov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at a briefing on the parameters of the central bank’s interest rate corridor on Wednesday, Kazımov also indicated that the country's favorable external sector indicators have provided a solid foundation for currency stability.
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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