At the May 3 auction of state short-term bonds the Treasury yields fell by several percentage points.
According to the BSE, 7 investors provided 14 applications. For these applications the demand was 44.4 million manat, while the offer was 20 million AZN.
Following the auction, the maximum yield of the bonds was 12% and the average was 11.55%. In April, several investors could buy bonds at 15% yield.
The maturity of the bonds is 3 months.
Placement of government bonds began in January of this year. Totally the Ministry of Finance with the aim of placing in Azerbaijan issued bonds worth 400 million AZN and $ 500 million. --08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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