EC to help Azerbaijan develop portfolio investments
European Commission plans to approve technical assistance project for Azerbaijan in amount of E3mln; the aid is purposed for investment climate improvement, reportedly said Asker Alekperov, Executive Director, TACIS. He said such assistance is a continuation for joint work of TACIS and AZPROMO.
Within the project it is planned to draw a governmental strategy on implementation and development of portfolio investments in Azerbaijan, which calls for work with players of security market and upgrade of legislation. This project also involves Baku Stock Exchange that directly works with enterprise players of security market and physical persons, Alekperov said.
EC-provided technical assistance is limited to 2-3 years, but this term is still under coordination. The project is executed upon signing agreement in August.