In October of this year in the OTC market concluded 37 transactions at face value of the securities for a total amount of 3.7 million manat. It is 4 times more than the year before. Compared with September 2012, the stock market in the OTC segment grew 5.4 times, stated in the National Depository Center.
Thanks to the "merits" of the State Committee for Securities, active processes in the OTC market from March 2012 have again become opaque. Cause unknown for some securities transactions are conducted, though in January and February BSE released data on daily operations.
According to the NDC, in October, the volume of transactions in the secondary market on the trading platform was 32.8 mln (-40% compared to October 2011) and the placement of securities - 17.4 million manat (-35%). - 08D-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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