An auction on placement of short-term government bonds worth 20 million manat will take place on October 18, at the Baku Stock Exchange(BSE). According to the BSE , this time the Ministry of Finance raises funds on the condition of repayment after 182 days. At a previous auction the Ministry of Finance offered investors the same volume of securities, but achieved placing more than 1million. 53.300 AZN at face value. Investors intend to buy them up to 18% per annum, but the Ministry of Finance agreed to 10.79% per annum.
T-bills are discounted. They are placed below the nominal value, and shall be redeemed at par on the expiration of their term to maturity. --08D--
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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