For six months in 2013 on the secondary market in Azerbaijan there were traded shares of 501 companies. The average daily turnover made up 0.9 million AZN, according to the semi-annual report of the State Committee on Securities.
The volume of secondary market shares in January-June this year amounted to 106 million manat, which is 2.6 times more than in the comparable period of 2012. According to observations of Turan, one of the most active trade items is the shares of Holcim (Azerbaycan), deals on which are made almost daily. Purchase of shares is carried out by members of the personnel of the cement plant.
The total volume of the stock market in the first half of the year increased by 3.3 times and amounted to 278 million manat. This, according to the SSC, is an indicator of activation of companies representing the financial sector, which attract capital through the stock market. Overall, the average daily turnover of the stock market in the first half of this year amounted to 2.4 million manat. - 08D-
Economics
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Azerbaijan significantly increased its rice imports to 52,500 tons in the first nine months of 2024, marking a 15.1% rise in physical weight and a 33.3% rise in import value compared to the same period in 2023, according to government data. The average price per ton of rice climbed by 15.8% to $1,042.17, up from $899.77 last year, further underscoring Azerbaijan’s reliance on imports to meet domestic demand, with 85% of the country’s rice needs covered through foreign sources.
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The State Tax Service of Azerbaijan has called on businesses to conduct non-cash payments solely through POS terminals, requiring merchants to issue receipts from both the POS terminal and cash register for transparency, as part of efforts to curb card-to-card transactions outside regulated channels.
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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