Today.Az » Business » Growth observed in Azerbaijani securities market in first quarter
22 April 2011 [08:30] - Today.Az
A growth has been observed in Azerbaijani securities market in the first quarter of 2011, Chairman of the Azerbaijani State Securities Committee Rufat Aslanli said at a meeting to hear reports on results of the first quarter.
"A segment of corporate securities increased by 2.3 times, state securities - by 4.8 times," Aslanli said.
He said during the reporting period, the committee continued its work on improving the operating and commercial infrastructure of the securities market, expand the range of market-based instruments, the development of a mechanism of market regulation and investor rights protection, as a result of which the opportunities were created to form optimally regulated and efficient securities market corresponding to the highest standards in a medium term.
He also gave instructions on the development and strengthening the internal potential of the committee’s staff.
Aslanli said the committee’s priority activities are the completion of preparation and launch of the State Program on development of securities market in 2011-2020, implementation of project on the modernization and automation of the securities market jointly with the World Bank, as well as the completion of preparation of a draft of the only law in this sphere.
On the results of the meeting, Aslanli charged structural units with specific instructions envisaged in the committee’s plan for 2011.
/Trend/
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