Baku, Azerbaijan, Feb. 8
By Azad Hasanli – Trend:
Members of the Association of Stock Market Participants of Azerbaijan (AFBIA) discussed with the Financial Market Supervisory Authority of Azerbaijan (FIMSA) the possibility of granting incentives to stimulate the activity of companies in this market, FIMSA said in a message.
FIMSA Executive Director Ibrahim Alishov met with representatives of the Baku Stock Exchange, National Depositary Center, seven investment companies that are included in the AFBIA.
The meeting’s participants discussed the obstacles that impede the development of capital markets, their modernization in line with international experience, as well as measures to increase activity in the markets.
During the meeting, AFBIA members put forward a number of proposals, in particular, those related to the expansion of the range of instruments on the stock market, raising funds from capital markets to finance big state enterprises, attracting foreign investors to the country’s stock market and other issues.
At the end of the meeting, Alishov gave a number of instruction, including those related to the holding of an IPO in the country, development of the stock market, establishment of ties with international depositories like Euroclear and Clearstream and others.