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Azerbaijan develops an action plan for the development of the national stock market

25 November 2008 15:05 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Azerbaijanâ€™s State Committee for Securities (SCS) intends to develop a program of reforms and a plan of action aimed at the development of the stock market, said Rufat Aslanli, Chairman of the Committee.
According to him, on the one hand, the global economic crisis could hamper the development of securities market of Azerbaijan and on the other hand, it provides additional time and conditions for reforms in the SCS.
â€œWe have specific issues to solve. We intend to implement a large-scale reform program,â€ he noted.
Rufat Aslanli also noted that for the development of the program, the Committee will conduct evaluation of the securities market.
â€œThis will include legislation, infrastructure, training of market participants, businesses in the market, then identify the main problems the market,â€ he added.
According to him, awareness will be increased among the participants and potential investors in the securities market, as well as the range of existing tools in the stock market will be expanded.