Tomorrow at Baku Stock Exchange the next batch of state T-bills of the Ministry of Finance will be placed. Investors are invited to buy discount bonds of 10 million manat with a circulation period of 182 days.
This year, the Ministry of Finance has issued T-bills in the total amount of AZN 700 million, which, like last year, will be placed on a pre-approved schedule.
Investors in these securities are mainly banks and insurance companies, which are facing a problem with the placement of available funds. Yields on the T-bills are 16 to 19% per annum. ----08D
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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