The next auction on placement of T-bills will take place on 4 October. The Finance Ministry plans to attract 22 million manats for a period of 91 days.
According to the Baku Stock Exchange, on the previous auction of August 30 investors bought three-month T-bills with par value of 100 manats at a discounted rate - an average of 97.75 manats, or 9.35% per annum.
Before early September the Ministry of Finance sold T-bills at the exchange with a maturity of 3 to 12 months in the amount of 246,754,300 manats. These securities are instruments to cover the current budget deficit. -----08D
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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The historic city of Shusha, with its rich cultural heritage, hosted the International Day of Gastronomy on Thursday, a vibrant event organized by the State Tourism Agency, the Shusha City State Reserve, and the National Culinary Center. This event served as a bridge between various cultures and culinary traditions, showcasing the richness of the Islamic world's cuisine through the celebration of the iftar table.
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