Bank Of Baku

Shahmar Movsumov: Azerbaijan capitalizes on global stock market meltdown

Shahmar Movsumov: Azerbaijan capitalizes on global stock market meltdown
# 18 September 2008 14:26 (UTC +04:00)
He added that even 100 to 150-year old financial institutions have been struggling to survive the incredible turmoil.
“We took it from conservative viewpoint beforehand. SOFAZ invested in high-rating securities which start to appreciate during market turbulence because of high demand. It sounds a bit disapproving, but we are taking advantage of this crisis,” he underlined.


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