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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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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