The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-November 2012 amounted to 8,630.9 million manat, which is 31.6% more than the corresponding period in the previous year. In November, the exchange turnover was 380.4 million manat.
According to the BSE, the share of government securities in the reported period was 91.1% of all the transactions.
The increase in stock sales occurred at the expense of the government securities market, an increase of 56.2%. Turnover of transactions in the primary market of notes increased 36.9%. The volume of REPO transactions increased 35%
The corporate securities market increased 18.5%. Operations on the primary placement of bonds decreased 3.7 times and the volume of secondary transactions in bonds decreased 19.8%. The py market share grew by 4.3 times, and the secondary - by 50%. The number of transactions in the primary market increased from 130 to 227, and vice versa in the secondary it l from 3,159 to 3,084. - 15D -
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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