In June of this year, the National Depository Centre registered on the OTC market 26 transactions on purchase and sale of investment securities, the total size of which amounted to 51,658,216 manats. This is the highest one on this platform, possibly, during the entire existence of the securities market in Azerbaijan.
The bulk of transactions, according to the BSE, accounted for financial companies. It's basically 75% of the shares of Bank Technique (more than 48 million manat). BSE on the basis of data received from the depositories, recorded in June deals with 597.4 thousand securities for a total contractual value of 49 mln 760.2 thousand manats. The share of industrial companies accounted for 445,229 units of shares (890,458 manat), etc. spheres of activity - 103,210 units (304,420 manat).
In Azerbaijan, information about the details of transactions made outside the stock exchange, as well as insider trading, despite the existence of the appropriate legislation, is not made public. BSE, which is charged with this duty, does not provide the data on its corporate website. The State Securities Committee does not actually control these processes. - 08D-
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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