Azerbaijan's securities market see increase in volume of transactions

The securities market continued to develop in the first quarter on the background of the dynamic growth of non-oil sector of Azerbaijan and anti-inflationary monetary policy, chairman of the State Securities Committee (SSC) Rufat Aslanli said an extended board meeting of the Committee on the results of the first quarter.

"Issuance of short term bands wasn't carried out from the beginning, the amount of mortgage fund's bond decreased, "tax holiday" have been liquidated. Despite this, the number of transactions in the market has grown by 10 percent compared to the same period last year, their volume increased by 1.6 times and reached 2.7 billion manat," Aslanli said.

According to Aslanli, increase in global economy was uneven, there were risks.

"Azerbaijani economy continued to grow in the first quarter of 2012on the background of


/Trend/