Azerbaijan, Baku / corr. Trend U.Ismayilova / Aldis Reims, the chairman of the managing board of the Latvian bank Baltikums stated at the Azerbaijan-Latvian business forum in Baku that the Latvian banking sector is interested in Azerbaijan's fiscal market to purchase state securities.
"The Azerbaijan state securities boast a very reasonable rate with the consideration of hard currency due to the oil capital," he said. Latvia is an EU country and it is difficult to earn here at high rates. "This actually encourages us towards more favorable unions with other countries, while Azerbaijan with its dynamically developing economy, has a common interest of many countries," he added.
The Head of Baltikums said that Azerbaijan has prospects of further developing the economy and it necessitates the development of not only the oil, but also the fiscal sector of the economy. "This is necessary for the influx of large investments," he stressed.
Baltikums's priorities are the financing of international trade operating companies involved in shipping and transit businesses, including services ranging from the appraisal of risks and ships to investments.