‘Baku Stock Exchange’ conducted AZN 37 billion worth of transactions in 9 months
‘Baku Stock Exchange’ has published operational indices for January-September 2024.
In 9 months, 60,640 transactions worth AZN 37,073.1 million were conducted at the BSE. This is up by 2.3 and 6.6 times from the same period of the last year, respectively.
Given this, 81.1% of the BSE turnover, or AZN 30,080.6 million, fell on repo operations. This is up by 3.5 times from a year ago.
In the reviewed period, the value of transactions in government securities declined by 14.7% to AZN 5,269.4 million, while the value of transactions in corporate securities rose by 66.4% to AZN 1,723.1 million.
Finance
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On November 19, Finance Minister Samir Sharifov stated in the Milli Majlis (National Assembly) that fines issued to citizens in Azerbaijan sometimes do not reach the state budget. According to him, a new software system has been developed to address this issue and ensure proper oversight of fine payments.
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‘Baku Stock Exchange' (BSE) has started its work since 19 November to take part in the annual meeting of the World Federation of Exchanges (WFE), which will end on 22 November.
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There is additional potential in Azerbaijan associated with budget receipts from leasing of state property.
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In 2025, AZN 1,162.6 million is forecasted to be allocated from the state budget to 56 public legal entities in Azerbaijan.
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