The Baku Stock Exchange made a delisting of the securities of two banks (Deka Bank and Para Bank). This is due to the elimination of their banking licenses.
JSC Deka Bank issued shares totaling 24 million AZN and placed some of them in the amount of 4.6 million AZN. OJSC Para Bank issued and placed shares for 15 million AZN, and it was also the issuer of three corporate bond issues. CBA eliminated their licenses on 21 July this year.
As Turan was told in BSE, on today's quotation of the exchange segment "main" (premium) there are securities of two companies (OJSC International Bank of Azerbaijan and Demir Bank), as well as the Azerbaijan Mortgage Fund bonds and Treasury bonds. There are shares of state-run Azerkosmos and Agroleasing on a standard listing market, as well as JSC Turan Bank and 13 issues of bonds of 8 issuers. In circulation in the alternative market there are bonds of 20 companies and shares of 909 joint-stock companies. --08D--
Economics
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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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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