Baku, Azerbaijan, Nov. 13
By Taleh Mursagulov – Trend:
It is necessary to simplify the access of investment companies to financial resources in Azerbaijan, Tural Bayramov, executive director of Azerbaijan’s investment company Xalq Kapital, told Trend.
“Most of all, we need support in the area of financing, our capital should increase,” he said. “We are investing in the capital market of Azerbaijan, which means we can make a significant contribution to the development of this market.”
He noted that the more financial resources investment companies will have, the more they will be able to contribute to the development of this market.
He said that it is necessary to support investment companies in Azerbaijan. Investment companies are at the development stage, therefore, it is necessary to provide them with the same tax benefits as banks, he noted.
“In this regard, we send our proposals to the Association of Stock Market Participants of Azerbaijan, which prepares a package of proposals and sends it to the Ministry of Taxes,” said Bayramov. “The capital market is one of the important structures of the economy of any country. Therefore, certain attention should be paid to it and certain benefits should be provided.”
He expressed hope that all these issues will be resolved in accordance with the strategic roadmap.
He added that it is also important to increase the popularity of the capital market, attract new investors to the market, which, in turn, will allow market participants to develop, as well as increase the market’s liquidity.
---
Follow the author on Twitter: @TalehMursagulov