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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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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