Global crisis did not reduce foreign investors’ interest in Azerbaijan’s stock market: Chairman of State Committee on Securities
Azerbaijan, Baku, Jan. 14 / Trend , I.Khalilova, N.Ismayilova /
The Azerbaijani State Committee on Securities (SCA) carries out estimation on the stock market of the country, Chairman of the Committee Rufat Aslanli said.
"The estimation is carried out in accordance with the legislation and infrastructure of the securities market, and covers regulating frameworks. Local and foreign specialists are involved for this purpose," Aslanli said.
Today regulative agencies carry out a total estimation of the acting frameworks on the stock market. And therefore innovations in this sphere are connected not only with Azerbaijan, but also are inevitable on developed and flexible markets.
"We plan to complete the estimation in short period," Aslanli said.
Azerbaijan's stock market's structure is safety for foreign investors. At present, the constituent part of the market accounts for state securities.
"The macroeconomic situation in Azerbaijan is estimated not only by local experts, but by international organizations as sufficiently flexible and stable. Therefore, the interests of foreign investors in the securities market does not reduce even despite of the global problems in liquidity, which may cause investors to cut their investments," Aslanli said.
However, no reduction is observed on the stock market. This visible through operations on the market since early of the year in state short-term bonds and other tools with attendance of foreign investors.
A meeting took place with experts of the U.S. Agency on International Development in the State Committee. The U.S. Agency assists creation of a model to develop the securities market in the country.
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