On March 14, the Ministry of Finance will offer investors T-bills in the amount of AZN 25 million, which will be repaid in a year.
Earlier, T-bills with a total nominal value of AZN 15 million with a circulation period of 364 days were placed on February 3. State securities were sold at an average price of 84.64 manat.
In the two months of this year, the Finance Ministry raised 31 million 986 thousand AZN from placement of bonds. This is 40% less than last year. The secondary turnover of state T-bills (AZN 3 million) decreased by 70 million manat in comparison with January-February 2016.
This year, the Ministry of Finance intends to offer investors bonds totaling 700 million manat. -----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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