Securities Transactions Exceeded AZN 7 Billion
In the first half of this year the volume of transactions on securities in Azerbaijan amounted to 7 billion 52.5 million manat, which is 0.6% less than in the comparable period of 2015. This is reported by the Financial Markets Supervision House.
During this period, there were 209 transactions of corporate and government securities in the amount of 5 billion 120.3 million manat. It is 21.5 times higher than in the 6 months of last year.
The secondary market registered 22 thousand deals totaling more than 1.9 billion manat. At the same time the share of corporate securities accounted for only 286 million manat, which is 5 times less than in the first half of 2015.
The volume of transactions with derivative securities continued to decline. During the reported period 20.8 thousand futures were concluded in the amount of 1.5 billion manat, which is 3.4 times less than in the same period of 2015. ---08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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