Tomorrow at Baku Stock Exchange an auction will be held for the sale of government bonds for a total amount of 20 million manat.
According to the BSE, the bonds are placed in uniform parts and will be repaid after 6 and 12 months.
This year, the Ministry of Finance in order to cover the expected state budget deficit has issued short-term and medium-term bonds worth 400 million AZN and 500 million US dollars. For three months they placed a small part of them. The manat bonds guarantee income not less than 7.5%, and the dollar bonds guarantee 3.5% per annum. ----- 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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