The turnover of securities in the National Depository Center (NDC) for the first eight months of this year amounted to 474 million manat, which is 56.5% less than in the comparable period of 2011.
According to the NDC, both the initial offering of corporate securities and their secondary market declined for the period. Whereas in January-August 2011 the NDC registered turnover of securities amounted to 229.4 million manat, for the same period in 2012 this fell to 220.7 million manat. NDC fixed placement of securities at 195.7 million manat, 632.7 million manat less compared to the first eight months of 2011.
Enviable growth (85.7%) was shown by the OTC platform of securities. During this period, 423 transactions were concluded on securities totaling 57.7 million manat. When the number of transactions increased by a unit, in aggregate terms, OTC transactions increased by 26.6 mln AZN.
Recall that the OTC market in Azerbaijan Central Bank was transparent all the time from the beginning of the 2000s to March 1 of this year. Then BSE closed the information abruptly without explanation. - 08B-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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