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 economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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