Baku, Azerbaijan, Oct. 17
By Azad Hasanli – Trend:
Turkic-speaking countries should create a single platform for mutual investments in the financial markets, head of Azerbaijani investment company InvestAZ, Elshan Guliyev, believes.
“Of course, this is a complex process. The implementation of such an initiative takes a long time but, for example, in Europe, similar conditions already exist,” he told a conference titled “Capital Markets of Azerbaijan. Opportunities and Prospects” in Baku on Oct. 17.
Guliyev noted that Azerbaijan and Turkey are now implementing a similar project.
“Recently, the national depositories of Azerbaijan and Turkey signed a memorandum of understanding that provides for the Turkish investors enter Azerbaijan’s capital markets,” he said.
Guliyev added that in general, market participants expect significant development of the Azerbaijani economy.