Finance

Finance

State Committee for Securities holds Board Meeting

28 January 2012 13:41 (UTC +04:00)

Baku â€“ APA-Economics. State Committee for Securities held Board Meeting on outcomes of 2011.

According to Committee, Committee chairman Rufat Aslanli informed about the current situation of world economy, observation of slowing of growth rates in global economy in 2011.

Aslanli noted that, Azerbaijanâ€™s economy developed in 2011 as in previous years.

Chairman noted that, securities marketâ€™s activity developed on the background of growth rate of non-oil sector and anti-inflationary monetary policy. Thereafter, he noted that, al segments of market increased and trade turnover of market/GDP ratio reached 17.7% in 2011. He also noted that, government securities market increased significantly and number of deals in this market increased by 1.6 times, volume of operations rose by 4.4 times to AZN 6.717 bln.

Thereafter, deputies of chairman spoke about the measures taken by structure sectors. They spoke about measures taken in institutional researches during the reporting period, drafting of single law on securities market, new instruments in securities market, extension of international relations of SCC and etc.

Then, sector chiefs of structure made speeches on state programs and measures taken during the reporting period.

At the end of meeting, Aslanli assessed the 2011 for committee effective period.