Tomorrow, on July 5, the Ministry of Finance intends to place bonds in the amount of 20 million AZN on the stock exchange.
These securities are to be repaid in 91 days.
The placement of T-bills was last held on June 21. The Ministry of Finance sold bonds with a maturity period of 1 year and six months at 10 million AZN. For the first time this year, the interest rates on these securities fell below 10% per annum. Experts note that this corresponds to the inflation expectations of the government for 2016. ----08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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