BAKU STOCK EXCHANGE

A memorandum on the development of high technologies and digitalization in Azerbaijan is expected to be signed between the Finance Office of the Presidency of Turkey and the Central Bank of the Republic of Azerbaijan (CBA) next week, Executive Director of the CBA Farid Osmanov told reporters, Trend reports.

According to him, issues on the introduction of Turkish practice in Azerbaijan, namely the digitalization of the insurance sector and the capital market, will be discussed within the memorandum.

An auction for the placement of state medium-term bonds of the State Oil Company of Azerbaijan in the amount of $100 million with a circulation period of five years was held on the Baku Stock Exchange (BSE).

According to the BSE, during the auction, 754 investors submitted 761 bids.

The annual interest rate for the bonds will be 4.5 percent, and payments on it to investors will be made every three months.