On February 1, the Baku Stock Exchange moves to a new phase of continuous trading. The goal is providing instant transactions for buying and selling securities at the highest market price.
In a press release BSE noted that in case of a performance of the same broker as the seller and the buyer a certain package CB (cross-trade), reports of these applications will be announced in advance for security capabilities to other exchange members bringing more competitive offers. The move, according to experts exchange will contribute to a fair pricing, transparency and protection of investors' interests.
At present, almost all transactions in shares are targeted and are cross-trades. Selling price, exchange-traded shares in 95% of cases, is no different from the nominal value. The investors have no other source of information on the cost of the shares. In many cases, the actual value of shares several times at fixed exchange rates.
In the exchange they believe that the innovation will deepen the stock market and stimulate supply and demand. - 08D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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