EBRD: Favorable conditions for investment created in Azerbaijan’s stock market
Azerbaijan, Baku, June 1 / Trend /
Favorable conditions for investment have been created in the securities market of Azerbaijan, the Vice President for Financial Affairs of the European Bank for Reconstruction and Development (EBRD), Manfred Schepers said during the meeting with the Deputy Chairman of the State Securities Committee (SSC) of Azerbaijan Ilgar Muradov in Baku.
According to the report published on the website of the State Committee, the meeting discussed expansion of cooperation, which, according to the deputy chairman of the State Committee for Securities, will create new opportunities in the domestic securities market.
Muradov briefed the guests on successful reforms of recent years, which resulted in a new level of socio-economic development, dynamic development of infrastructure of the securities market as well as achievement of good results in forming modern market architecture.
He also spoke about the aims and objectives of the State program for development of the securities market in Azerbaijan for 2011-2020.
The total turnover of transactions on all instruments at the Baku Stock Exchange (BSE) in January-April 2013 amounted to 2.143 billion manat. The volume of the market of government securities exceeded 1.92 billion manat, while the corporate securities turnover - 220.81 million manat. During the year, the market for corporate securities market increased 2.93-fold.
The official exchange rate on June 1 is 0.7846 AZN / USD.