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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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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