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State Committee on Securities holds board meeting on outcomes of activity in Q1, 2012

23 April 2012 13:05 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The State Committee on Securities held a board meeting on outcomes of activity in Q1, 2012.

Delivering keynote speech at the event Chairman of the Committee Rufat Aslanli spoke about the main directions, observed in world economy during the first 3 months of 2012, said global economy went on with fragile and irregular growth, risks still existed. Aslanli noted that for all that, development of countryâ€™s economy continued during Q1, 2012.

SCS chairman noted that, development of security market continued on the background of high growth rate of non-oil sector and anti inflationary monetary policy and emission of short-term bonds had not been implemented since beginning of 2012 and volume of emission of Mortgage Fundâ€™s bonds were reduced and tax holidays for financial institutions were abolished: â€œBut, the number of operations in the market rose 10%, volume â€“ by 1.6 times to AZN 2.7 blnâ€.

R. Aslanli gave tasks on effective fulfillment of State Program oin development of securities market (2011-2020).