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Armenian Aggression

New creative stage begins in Azerbaijan – speaker of parliament

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Azerbaijan’s historic victory in the Armenia-Azerbaijan Nagorno-Karabakh War and the liberation of its territories was the main event and result of 2020, Speaker of the Azerbaijani parliament Sahiba Gafarova said, Trend reports on Jan. 12.

Gafarova stressed that the victory in the war not only is the most memorable event of 2020, but also a brilliant victory, which is inscribed in golden letters and is forever imprinted in the history of national statehood and the memory of people.

Stressing that a new creative stage begins, the speaker of the parliament added that the measures and upcoming tasks to be carried out during this period were announced by the Azerbaijani president at the recent meeting.

"I am sure that the implementation of these tasks will contribute to Azerbaijan’s successful and confident development," the speaker of the parliament added.

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Armenian Aggression

SOCAR bonds will again bring their owners $1.25 million

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Having issued the first bonds in 2016, SOCAR has achieved great success in the securities market and has maintained the status of the most traded security since its appearance in the secondary market, Trend reports citing “SOCAR Capital”.

According to information, the next coupon payment of $ 1,250,000 on SOCAR bonds which has a par value of $ 1,000, maturity of 5 years and quarterly paid coupon rate of 5% will be transferred to the bank accounts of bondholders on January 18 (since the coupon date does not coincide with the working day, payment will be executed the next working day).

SOCAR bonds, which have become the most sought-after security by investors for more than 4 years, will again bring their owners $1.25 million as a result of 17th coupon payment on January 18. Thus, the total income of bondholders will increase to $ 21 million 250 thousand.

The high demand for SOCAR Bonds can be observed from secondary market transactions that exceeded $ 195 million, total transaction numbers that surpassed 2,300 and REPO deals that reached $ 37 million which makes the instrument the best-selling corporate financial tool on the Baku Stock Exchange.

When bondholders need funds, they can raise short-term funds with REPO transactions without selling their bonds, as well as take loans on favorable terms by pledging their bonds in a bank. In these cases, bondholders continue to receive their coupon payments.

The next coupon payment of SOCAR bonds, which can also be obtained at ASAN 1 and 5 service centers, will be paid on April 17, 2021. For more information number *19 99 always at the disposal of investors

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Turkey’s investments in natural gas supply reach $3B in 18 years

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Turkey’s investment in natural gas distribution has reached TL 27 billion ($3.6 billion) since 2002, President Recep Tayyip Erdoğan said, Trend reports citing Daily Sabah.

"Since the day we took office, investment in natural gas distribution across Turkey has reached a total of 27 billion Turkish liras," Erdoğan said via video link at the opening ceremony of multiple energy and natural resources facilities.

"Today, 54.5 million citizens benefit from the comfort of natural gas. The total population reached by natural gas is 68 million," he added. The 68 million number corresponds to roughly 80% of Turkey's total population.

Turkey aims to establish an energy sector based on local resources as much as possible, the president said.

While last year was an important one for Turkey’s energy sector and discovering the largest amount of natural gas off the country’s Black Sea shores surely was one of the critical developments, 2021 has already been dubbed a turning point for the natural gas sector given that a significant portion of Ankara’s long-term gas contracts will be terminated in 2021, providing the groundwork for a better bargain in future contracts.

Erdoğan added that Turkey's power generation has been tripled over the past 18 years to reach 96,000 megawatts.

"Today, 63% of our installed power consists of domestic resources. 51.7% of it belongs to renewable energy resources. So clean energy," Erdoğan added.

He said Turkey's geothermal power generation, which was only 18 megawatts in 2002, has now reached 1,613 megawatts, adding that with this figure, Turkey ranks first in Europe and fourth in the world in terms of geothermal.

"We aim to be the central country not only in production but also in renewable energy technologies," the president added.

Turkey has been on a quest to increase the share of domestic and renewable resources, particularly in power generation in recent years. It has managed to exponentially expand its renewable capacity, capitalizing on the vast resources of solar, wind and geothermal power.

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Azerbaijan confirms 650 more COVID-19 recoveries

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Azerbaijan has detected 402 new COVID-19 cases, 650 patients have recovered and 15 patients have died, Trend reports citing the Operational Headquarters under Azerbaijani Cabinet of Ministers.

Up until now, 226,951 people have been infected with coronavirus in the country, 214,423 of them have recovered, and 2,998 people have died. Currently, 9,530 people are under treatment in special hospitals.

To reveal the COVID-19 cases, 8,574 tests have been carried out in Azerbaijan over the past day, and a total of 2,311,417 tests have been conducted so far.

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