During the first three quarters of 2016 the volume of the market of corporate securities in Azerbaijan amounted to 8 billion 287 million manat, 2.6 times more than in the first nine months of last year. However, as the analysis of official data shows, the market would not increase by as much, if its main players were not government agencies.
A kind of securities market generator is the International Bank of Azerbaijan. Because of its toxic assets the stock market “revived” in H2 of 2015; the state non-bank credit organization JSC Agrarkredit issued bonds of several billion AZN under the guarantee of the Ministry of Finance, which were purchased by the Central Bank under 3% per annum.
The Financial Markets Supervision House revealed the statistics of the securities market for the first nine months of 2016. During this period, about 2,000 deals with shares were concluded for a total amount of 700 million AZN (+ 40%). The primary market for corporate bonds with a manat face value on 23 transactions amounted to 7.5 billion manat, and in foreign currency - 22 million manat. The secondary bond market due to lack of Mortgage Fund bonds in the market decreased 29-fold and amounted to a total of 64 million manat. ------08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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