Activity on the OTC market for corporate securities in Azerbaijan, "flared up" in December 2012, and continued in March. According to BSE, in March outside the stock exchange were recorded transactions on purchase and sale of 100 thousand shares for a total contractual value of about 8.5 million manat.
Volume of OTC transactions in March exceeded exchange secondary share turnover by 3.4 times. According to the BSE, the major part of the turnover of OTC trades (8.3 mln) accounted for Central financial institutions. As things stand and exchange platform.
According to the reported BSE data depositories, for the three months of this year the volume of OTC securities amounted to 72.5 million manat.
Unlike the stock exchange, OTC securities from March 2012 is not clear, and therefore, it is unknown what the stock is traded on the platform. State program of development of the securities market in 2011-2020 seeks to ensure transparency of the OTC market.
Therefore, in August 2012 there was adopted a normative act of the State Committee for Securities. However, the BSE ignores this document. - 08B-
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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