The volume of transactions with securities in Azerbaijan rose by 33% in 2016 compared to the same period of 2015, amounting to 14 billion 25 million 825.065 thousand manat, said the Financial Market Supervision Authority.
Primary market increased by 4.5 times, reaching 8.669 billion manat.
In 2016 the volume of transactions in corporate securities increased by 39% and amounted to 913 million manat.
The volume of transactions in corporate bonds in 2016 increased by 2,2 times and amounted to 7 billion 833 million 912.045 thousand manat.
In 2016 the volume of transactions with government securities increased by 40.2 times - up to 836 million 158.06 thousand manat.
The volume of transactions with derivative securities decreased by 28% in 2016, amounting to 4 billion 440 million 667.091 thousand manat. -71D-
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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