Despite the budget surplus, the Ministry of Finance continues to place short-term debt securities in the country.
Baku Stock Exchange on April 5, held an auction of three-month bonds for 15 million manat. From the investors applications were received for a total amount of 56.5 million manat, according to the Ministry of Finance.
The average yield on bonds amounted to 12.14% per annum.
Recall that the Ministry of Finance issued bonds in manat for 400 million AZN and bonds in foreign currency amounting to 500 million US dollars. -----08D
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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