Baku / 26.09.17 / Turan: On September 25, the president of AZPROMO, Rufat Mammadov, signed a collective agreement on cooperation within the Consultative Program for Listing (CPL). Thus, the program has 14 partners, but, so far, no real securities issuer.
According to the partnership agreement signed with the Baku Stock Exchange (BSE), the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) committed, inter alia, to attract foreign investments to the capital markets in the country through the stock exchange, BSE informs.
CPL has been carried out since 2011. The leading legal, audit and investment companies of Azerbaijan are its participants. But to this day, despite some initiatives and financial support of BSE by foreign donors, no initial public offering (IPO) of securities has been carried out. --08D--
Finance
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From 15 January the State Oil Company (SOCAR) will issue ‘Green Bonds’.This is reported by SOCAR.
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On January 10, President Ilham Aliyev signed an order to dismiss Finance Minister Samir Sharifov. He had held this position since 2006.
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The Central Bank of Azerbaijan (CBA) has changed the ‘Procedure for purchase and sale of foreign currency between the Central Bank and banks’, which it approved on 15 November 2022.
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In 2024, the economic growth in Azerbaijan made up 4.6%; it is expected that in 2025-2026 this index will make up an average of 3%.This is stated in the UN report ‘World economic situation and prospects 2025’.
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