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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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