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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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