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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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