Market shares of 500 companies traded
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's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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