More than four-fifths (84.05%) of the total volume of transactions on the Baku Stock Exchange (BSE) from January to May this year, accounted for market derivatives. In numbers, it is 4 billion 802 million 370.92 thousand of 5 billion 713 million 882.79 thousand manat. Most of the derivatives (4 billion 732 million 413.73 thousand) are currency transactions. Goods accounted for 69 million 957.19 thousand manat. It is noteworthy that this is a new niche for the trading floor - in the period before May 1 of last year such operations were not carried out.
Transactions in government securities have declined 20.7 times, amounting in value terms to 14 million 914.88 thousand manat (decline of 20.7 times), all of which came in the placement of bonds in the secondary market, issued by the Ministry of Finance.
The share of investors' share fell to 101 million 84.28 thousand manat (decrease of 6.9 times). Shares were placed on the primary market in the amount of 99 million 392.68 thousand manat (seven-fold reduction), and on the secondary market - 1 million 691.62 thousand manat (+ 33.1%).
Debt market instruments were estimated by May 1 in 716 million 263.02 thousand manat (an increase of 2 times). 11 million. 57.75 thousand manat accounted for the placement of bonds of the Azerbaijan Mortgage Fund (AMF) in the primary market, while in the secondary market it was far more (583 million 170.66 thousand manat).
Repo transactions from January to May were at 79 million 249.68 thousand manat (reduction by 43 times). --17D-
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- Economics
- 12 May 2015 15:14
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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