Tomorrow, on November 8 the Baku Stock Exchange will hold an auction on placement of bonds for a total amount of 15 million manat. BSE informs that these government securities will be in circulation over 364 days.
Such securities were last placed on the Exchange on October 25. The Ministry of Finance sold T-bills in the auction for 10 million manat. The average value of the bond par value of 100 manat on the results of the trades amounted to 86.99 manat. Investors will receive a yield at the level of 15.03% per annum. ----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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