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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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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