Baku. Ali Ahmadov – APA-Economics. In January-November 2012, the transactions in Azerbaijan’s security market rose 34% compared to previous year, said Chairman of State Committee for Securities Rufat Aslanli, APA reports.
He says the growth is observed in both corporate and government securities market and at the same time both qualitative and quantitative progress was achieved.
He noted that the financing via securities market increased throughout 2012: ‘The companies operating in non-oil sector consider the securities and stock markets more significant, reliable and cheap investment source’.
Within 11 months of 2012 CB notes including repo operations with them increased and this caused reviving securities market. Besides, share market rose approximately 3.5 times.
Aslanli expects more rapid development of securities market in 2013: ‘Mainly, the project which we started in 2012 will be continued in 2013. Improvement measures in capital market infrastructure will be accelerated next year. After these measures, the operations in securities market will be carried out via a more simple mechanism’.
Chairman stressed that as a result of these changes the time and costs for these operations will be significantly reduced.
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