On June 17 the Financial Market Control House (FMCH) registered the issue of 4 million short-term bonds for 100 AZN each by the Finance Ministry. As Turan was told in the FMCH press service, the term of the bonds is limited to 12 months.
Meanwhile, on June 21 Baku Stock Exchange will host the next two auctions on placement of manat bonds of the previous issue. It is planned to place bonds totaling 10 million AZN with the maturity period of up to 182 days and those totaling 10 million AZN with the maturity period of up to 364 days.
Recall this is the second issue of manat bonds in a row. Earlier this year, the Ministry of Finance issued bonds of 400 million AZN and $ 500 million. -----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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