Baku/28.02.14/Turan 27 February this year for the first time during the existence of the stock market in Azerbaijan ( 2000 ) concluded the first repo transactions on purchase and sale of corporate bonds at a one-day period .
Baku Stock Exchange told Turan, that the parties to the transaction were two brokerage company - "ADB Broker" and "Pasha Kapital". Transaction size on corporate bonds "Bakcell Ltd" was about 1 million manats. Market maker transaction is OAO "Pasha Bank".
BSE say that running repo transactions in corporate bonds will provide an impetus for the liquidity of the securities market .
BSE and the National Depository Center signed on February 18 agreement , according to which in the list of securities , which are considered repurchase transactions included 10 corporate bonds of financial companies , as well as mortgage bonds of the Azerbaijan Mortgage Fund . - 08D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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