Bank Of Baku

Azerbaijan and Kyrgyzstan deepen cooperation on securities

Azerbaijan and Kyrgyzstan deepen cooperation on securities
# 14 February 2011 11:52 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. A meeting with head of Regulation of Financial Market and Supervisory Service Department under the Kyrgyzstan government Elbek Nurbekov was held in the State Committee for Securities.
According to Committee, the visit was aimed to get information about the processes in the securities market of Azerbaijan and discuss the establishment of bilateral relations among the regulating state bodies.
SCC chairman Rufat Aslanli spoke about the development of financial markets, especially securities market and realized measures on this.
Interesting in experience of Azerbaijan on the issuance of securities and regulation of circulation E. Nurbekov noted that, Azerbaijan’s stock market was interesting for Kyrgyz investors.
The sides have come to agreement on establishment of bilateral relations in securities market, increase of investors’ interests in stock markets and draft a memorandum of agreement on Cooperation and Information Exchange.
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THE OPERATION IS BEING PERFORMED