On May 17 the Baku Stock Exchange will hold two auctions for the sale of state short-term bonds for a total amount of 20 million AZN.
As Turan was told in BSE, bonds of 10 million AZN with a maturity of 364 and 182 days will be offered to investors.
Over the past three weeks, the Ministry of Finance has increased the intensity of auctions to almost once a week. The yield on the bonds is in the range of 11-13% per annum.
This year the government to cover the state budget deficit has issued government bonds worth 400 million AZN and 500 million US dollars. The Ministry of Finance still sells mainly AZN bonds. -----08D
Economics
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Azerbaijani President Ilham Aliyev has signed a decree introducing amendments to the "Armed Forces of the Republic of Azerbaijan" law. The decree, issued on December 24, 2024, follows the implementation of changes under the law of November 7, 2024, and aims to ensure their practical application.
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Silk Way Alat Free Economic Zone (SW AFEZCO) has entered a transformative stage in its development, signing a pivotal agreement with FF Construction for the design and construction of the Silk Way Cargo Village in the Alat Free Economic Zone (AFEZ). This ambitious project includes the planning, engineering, and building of three cornerstone facilities that will underpin the Cargo Village: an air traffic control center, a business aviation terminal, and a fire station.
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BAKU, Dec 24 (Reuters) - Azerbaijan’s President Ilham Aliyev has issued a decree to boost the cargo handling capacity of the Baku International Sea Trade Port, allocating 20 million manats ($11.8 million) from the presidential reserve fund for the port's expansion project.
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A meeting was held between the State Service for Antimonopoly Control and Consumer Market Supervision and entrepreneurs in the fuel sector, highlighting both current challenges and promising steps toward progress. Discussions, organized under the Ministry of Economy, focused on fuel quality issues, consumer rights protection, and compliance with established standards in a country where vehicle fuel has long been a contentious issue.
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