On October 25, the Ministry of Finance places bonds in a total amount of AZN 27 million at Baku Stock Exchange.
According to BSE, bonds worth AZN 10 million will be placed for a period of 364 days and those in the amount of AZN 17 million – for 182 days.
The Ministry of Finance has appointed the underwriter – the investment company JSC Pasha Capital.
On the latest auction of October 11 the yield of 364-day bonds amounted to 14.97%, and on October 18th the yield of 182-day bonds was 17.1%.
As of October 1, the Finance Ministry gained AZN 261,429,316 from the sale of T-bills. -----08D
Economics
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Azerbaijan’s oil and condensate production and exports saw a marked decrease during the period from January to September 2024, continuing a downward trend compared to previous years.
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Investments in fixed assets in Azerbaijan totaled 12.7 billion manats ($7.5 billion) in the first nine months of 2024, down 3.9 percent compared to the same period last year, the State Statistics Committee said on Monday. Investment in the oil and gas sector fell by 8.4 percent, while investment in the non-oil and gas sector dropped by 1.6 percent.
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Industrial production in Azerbaijan rose by 1.3% year-on-year in the first nine months of 2024, reaching 47.8 billion manats ($28.2 billion), the State Statistics Committee reported on Monday. The growth was driven by a 0.6% increase in the oil and gas sector and an 8.7% rise in the non-oil and gas sector.
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As of September 2024, the labor market in Azerbaijan has demonstrated active activity, total employment has reached 1,754.9 thousand people. The labor force is almost equally divided between the state and non-state sectors, which employ 878.3 thousand and 876.6 thousand people, respectively, according to the State Statistics Committee.
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