Finance

Home page

Finance

State Committee for Securities holds Board Meeting

02 November 2010 14:18 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. State Committee for Securities held a board meeting on the results of 9 months.
According to chairman of Committee Rufat Aslanli the macro economic situation stood steady during the same period and the economy increased by 4.1%, oil sector by 2.7% and non-oil sector by 5.2% during the period of report. Then he spoke about the current situation of securities, taken measures for the development of market during the period, duties in the future.
Then the department of researches and market development informed about the main interests at the local and global markets And noted that according to forecasts of international financial institutions world economic growth will be 4.8% in 2010, 4.2% in 2011. The report says Azerbaijan corporative debt market rose by 2.5 times and the reviving was observed at the initial market of share compared with former quarters of current year.
Then the deputies of chairman and Head of the Office of the SCS made speeches with wide reports and informed about the taken measures by structure sectors. According to reports the draft laws on Investment Funds, On Securities and making of amendments and changes to Code of Administrative Offences of Azerbaijan were submitted to organizations.
Besides, internal control sector informed about the implementation status of activity plans of structure sectors.
After the speeches R. Aslanli separately discussed the implementation status of activity plans of structure sectors.
After the discussion R. Aslanli informed about main priorities of structure sectors for next year to participants.