Azerbaijan elaborates unique draft law on securities market

Azerbaijan elaborates unique draft law on securities market
# 21 April 2011 14:34 (UTC +04:00)
According to Committee, SCC chairman Rufat Aslanli spoke about the characterizing of past period with world economy and Azerbaijan’s economy and noted that restoration process of world economy after crisis continued in different temps. He compared the main issues of world countries during the first quarter with the past period and noted that 5% growth was observed in global GDP in 2010, including this index weakened to 4.4% in 2011, it would be 4.5% in 2012 and the growth rate would be 2.4% in developed countries in 2011, 6.5 % - in developing countries.

He also spoke about the growth in securities market of Azerbaijan and noted that, the corporate securities segment rose by 2.3 times, government securities - by 4.8 times. According to him, the trade and operation infrastructures of securities market improved, market instruments spectrum was extended, activity on the mechanisms of regulation of market and protection of investors continued.

Deputies Chairman and head of Committee Apparatus made speeches at the meeting and informed about the measures taken by structure sectors and execution situation of their activity.

R. Aslanli assessed the first quarter of current year as effective year for the Committee and gave tasks on increase of attention to development and strengthening of interhnal potential of employees. He noted that, SCC’s main priorities were: Completion and starting of execution of the development of State Program on development of security market in Azerbaijan (2011-2020), joint implementation of project on modernization and automatization of security market with WB and completion of works on unique draft law.

He also gave tasks about fulfilment of measures designed in act plans of structure sectors for 2011.
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