The State Committee for Securities registered the July 23 issue of unsecured interest bonds of two non-bank credit organizations.
According to the SSC, LLC NBCO Premier intends to draw from the capital market $ 580 thousand and Inc. Credagro intends to draw 3 million manat. The Committee does not announce the interest rate or maturity of those securities.
LLC NBCO Premier has been operating from December 2014 and JSC Credagro - since 2000. Both lenders offer loans at different directions at least at 23% per annum.
In Azerbaijan, private corporate bonds are placed under the 8-15% per annum. Their issuers are mainly NBCOs, commercial banks, insurance and leasing companies. Currently in circulation there are 46 issues of public and private corporate bonds. -----08D
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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