The Financial Markets Supervision House (FMSH) registered an issue of the total amount of AZN 700 million on January 27. The first tranche of bonds (15 million manats) was placed on the Stock Exchange on February 3. Information about the bond issue was presented on February 7.
According to FMSH, the Ministry of Finance plans to place 6 million short-term bonds with par value of AZN 100 each and 1 million pieces of medium-term bonds with the same face value.
As Turan was told in the Ministry of Finance, in the first quarter of this year it intends to offer investors bonds worth AZN 80 million in 6 tranches.
According to the Baku Stock Exchange, the Ministry of Finance in 2016 attracted through 421,500,000 manats through the issue of T-bills.
Government securities are issued in order to cover part of the budget deficit. ---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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