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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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