Release of the European Bank for Reconstruction and Development denominated manat securities is scheduled for the end of this - early next year.
As the representative of the EBRD in Azerbaijan Neal McCain told the media, you must go through several procedures, and prepare documents to obtain permission to organize the debut issue of such bonds. The issue volume and conditions of its placement are not yet announced, but we are talking about the issue of bonds in the tens of millions of manat, which will be placed at the Baku Stock Exchange, and buyers will be local individuals and legal entities.
"We are confident that the EBRD will better cope with currency risk management than its local customers, which are mainly small and medium enterprises," said McCain. --17D-
Economics
-
SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
-
The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
-
Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
-
Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
Leave a review