Diversification of economy sets ambitious goals for Azerbaijani capital market

Photo: Diversification of economy sets ambitious goals for Azerbaijani capital market  / Economy news

Baku, Azerbaijan, March 13
By Emin Aliyev - Trend:

The goals of diversifying the Azerbaijani economy set by President Aliyev for the next 10 years follow ambitious goals for the capital market, chairman of the Azerbaijani State Securities Committee Rufat Aslanli said on March 13.

He was delivering a speech at the opening of the training centre for capital market participants.

"In this regard, the role and significance of the centre which opens today are increasing," he said. "The centre was established as part of the state programme of the development of capital markets approved by the Azerbaijani president in 2011."

"It was established on the basis of the economic calculation, rather than for commercial purposes, as well as to meet the significant demand existing on the market. Therefore, I believe that the centre will not compete with other market participants, but complement them."
"The centre's second function is to render consulting services," he added.

"Companies and entrepreneurs wishing to enter the capital markets will be able to use these services," he said. "I reiterate that the centre does not pursue commercial purposes. Its pricing policy will be reasonable and comfortable for all market participants."

Translated by NH
Edited by SM

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