Azerbaijan, Baku, Dec. 11 / Trend A.Akhundov /
The London Stock Exchange (LSE), owning extensive resources and the Baku Stock Exchange (BSE), having considerable knowledge of the local market, can provide a good platform for investing in Azerbaijan.
This was stated by head of the Research and Market Development Department of the Azerbaijani State Committee for Securities Emin Muradov in his speech at a seminar on 'Raising Capital in Baku and London: New Opportunities', organised in Baku by KPMG, on Tuesday.
"Business structures in need of greater financial resources and investors with spare cash can cooperate effectively. The stock market is a good platform for this. Cooperation of LSE and BSE will be interesting to all local companies," Muradov said.
Chairman of the BSE Board Emin Aliyev, who also spoke at the seminar said the issues of future cooperation with the LSE and the introduction of foreign investors through dual-listing are new and potentially viable.
"The BSE has a number of strategic development directions, including automation of all processes, risk management, promoting the listing and development of domestic resources. There are no restrictions on access for foreign investors to the Azerbaijani stock market, "Aliyev said.