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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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