Today the Ministry of Finance carry out regular placement of state short-term and medium-term bonds. The amount of bonds offered to investors, which will be in circulation for 182, 364 and 728 days is only 25 million manat. Investors are also offered T-bills (364 days) and state medium-term bonds (728 days) - for $ 10 million each.
At first, the previous auction, profitability on manat bonds was 7.79% and 8.79%, dollar bonds - 2.77% and 3.5% depending on their maturity. The amount of bonds sold to investors is AZN 20 million and $12 million.
The Ministry of Finance issued bonds amounting 400 million AZN and $500 million, which it plans to place this year. Placing is done in stages and in small lots, once a week. The bonds were issued for the repayment of the expected state budget deficit. 08B
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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