On 30 August Baku Stock Exchange will host the next auction on placement of short-term bonds with a circulation period of 91 days. The Finance Ministry proposes T-bills totaling 10 million AZN.
At the previous auction on placement of three-month bonds (10 million AZN at face value) held on August 9, they were entirely bought by investors. The weighted average yield on the securities was set at 9.86% per annum.
According to BSE, in January-July 2016 the Ministry of Finance placed T-bills with a total nominal value of 200.3 million AZN. -----08D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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