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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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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