In 2014, the turnover of investment securities in Azerbaijan amounted to about 13.2 billion manat. According to the State Securities Committee, the share trading platform of derivative financial instruments accounted for 32% of the securities market.
Through BSE was concluded 26,787 contracts totaling the equivalent of 4 billion 94.7 million manat of trade derivative securities on the basis of currency. In addition, investors have made about 3 000 operations totaling 204.6 million manat.
According to the BSE (http://www.bfb.az/forex/canli-mezenneler), currently on the FOREX exchange there are carried out operations on more than 50 currency pairs, Brent, gold and silver.
Liquidity of the FOREX market is provided by the company Invest-AZ. Financial transactions are carried out by Standard Capital, Uni Bank and Demir Bank. --- 08B
Economics
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Under the golden September sun, the Third Grape and Wine Festival took place in Shamakhi, in the village of Meysari on September 7-8, 2024, drawing wine enthusiasts and tourists alike to celebrate Azerbaijan’s ancient winemaking traditions. Organized by the State Agency for Tourism, the festival highlighted the country’s efforts to rejuvenate its viticulture industry, with a focus on boosting local production and expanding export opportunities.
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Azerbaijan has spent over $1.6 billion on large-scale infrastructure projects, including the Crystal Hall for Eurovision, the Olympic Stadium in Baku, and the Shahdag ski resort. But according to Fikret Mamedov, a graduate of London Business School and director of Sage Solutions, this spending has not provided long-term benefits for the country’s economy.
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The outcome of the 44-day Second Karabakh War in 2020 has significantly reshaped the ranking of foreign direct investment (FDI) into Azerbaijan's economy, economist Gubad Ibadoglu said in an article. Recent data show a notable rise in investments from Russia, Turkey, and China, particularly targeting the liberated territories. However, Western investments have remained limited, as barriers such as monopolies, a lack of judicial independence, and the government's classification of states as "friendly" or "unfriendly" have dampened interest.
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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