Baku / 05.10.17 / Turan: The Central Bank is planning to raise AZN 100 million at the deposit auction on October 9. The funds will be attracted for a period of 14 days, at the weighted average rate of 10.01% - 14.99%.
Deposit auctions are held as part of anti-inflation measures. The Central Bank has started holding deposit auctions since June 2016. -----71D
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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