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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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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