Trading volume in the currency section of the Baku Interbank Currency Exchange (BBVB) in September 2012 was $ 40.477 million or 31.785 million manat.
This is a 55.6% decrease compared to the previous month and by 29.8% compared to September 2011.
The average volume of each transaction in e-trading system on USD / AZN reached this August $ 1.557 million, the average daily turnover - $ 2.024 million.
Just BBVB auction in September 2012 was attended by nine banks. In the reporting month, BEST 40 trading sessions and recorded 26 transactions.
Stock exchange turnover for the first three quarters of this year amounted to the equivalent of 541.25 million manat, which is 15.4% less than in January-September last year.
The exchange rate of the national currency in the reported month remained unchanged at 0.7846 per 1 USD. The average rate of the U.S. dollar against the manat in September was 0.7853 AZN for 1 USD, against 0.7853 AZN in August. - 15B -
Economics
-
Azerbaijan's President Ilham Aliyev signed a decree introducing changes to a number of presidential decrees aimed at amending the country's Tax Code in connection with the adoption of Law No. 98-VIIQD on December 16, 2024. The decree, published on Tuesday, introduces significant changes designed to simplify tax refunds for various goods and services and improve the rules for refunding value-added tax (VAT).
-
SOCAR Türkiye Enerji AS (STEAS), the Turkish subsidiary of Azerbaijan's state oil company SOCAR, has announced an ambitious plan to build new production facilities for ethylene, polyethylene, and polypropylene (polyolefins) in Turkey. This initiative comes as the country grapples with a widening supply-demand gap, with nearly 90% of its polyolefin needs currently being met through imports.
-
The tourism industry in Azerbaijan is experiencing remarkable growth in 2024, driven by post-pandemic recovery and strategic government initiatives. From January to November 2024, the country welcomed 2.412 million foreign tourists, marking a 27% increase compared to the same period in 2023. Projections suggest that the total number of visitors by year-end could reach 3 million, underscoring the sector's impressive trajectory.
-
In the first 11 months of 2024, Azerbaijan's consumer market demonstrated steady growth, with the total value of goods and services reaching 67.4 billion manats, a 4.8% increase compared to the same period in 2023. This growth underscores the resilience of Azerbaijan's economy, which continues to adapt to global and domestic challenges.
Leave a review