The Ministry of Finance has raised 380 million 58.7 thousand manat in the finance market this year. On the auction held on the stock exchange 173 transactions were concluded on placement of T-bills, according to BSE.
T-bills are issued for a period of 91, 182 and 364 days. They are sold at a discount price. In connection with the devaluation of the manat the Finance Ministry places them at a fairly high rate of not less than 15% per annum.
The secondary market of T-bills is also active. This year, its volume increased by 7 times and was 144.1 million manat asm of December 1.
This year the Central Bank returned to the stock market. CBA posted notes in the amount of over 160 million manat. ------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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