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Ayuna Nechaeva: Azerbaijan is a well-capitalized country with no shortage of capital

Ayuna Nechaeva, Head of Europe, Primary Markets at London Stock Exchange Group (LSEG)

25 September 2026 15:34 (UTC +04:00)

Azerbaijan is a well-capitalized country and there is no shortage of capital in the country, Ayuna Nechaeva, Head of Europe, Primary Markets at London Stock Exchange Group (LSEG), said during a panel discussion held as part of the Azerbaijan International Investment Forum (AIIF 2026) in Baku, APA-Economics reports.

She noted that it is also no coincidence that Azerbaijan’s public debt is at a very low level. According to her, raising capital by Azerbaijani companies from local or international markets is important not only in terms of financing and diversifying investment portfolios.

Ayuna Nechaeva said that listing on a stock exchange enhances companies’ international reputation and recognition, enables shares to be used instead of cash in mergers and acquisitions (M&A) transactions, helps establish a company’s market value, and provides liquidity for investors.

Ayuna Nechaeva emphasized that capital markets play an important role in diversifying the economy. According to her, equity markets are important in terms of broader wealth distribution and the growth of investment portfolios, including pension fund portfolios.

Ayuna Nechaeva also noted that a well-functioning capital market cannot be developed in a short period of time, citing the London Stock Exchange’s 300-year history as an example.

Noting that LSEG closely cooperates with local stock exchanges in the region, Ayuna Nechaeva cited the experience of dual listings on the Tashkent Stock Exchange and the London Stock Exchange in Uzbekistan, as well as the triple-listing model involving the Astana International Exchange, Kazakhstan Stock Exchange, and London Stock Exchange in Kazakhstan.

According to Ayuna Nechaeva, during large offerings, it is important that local investors have the same opportunities as international investors to participate in transactions.

She added that the London Stock Exchange does not encourage companies to enter the market before they are ready. LSEG’s main objective is to ensure a company’s long-term success after listing, the liquidity of its shares, and its sustainable performance in the market.