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 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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