True today may become irrelevant tomorrow, so the market should be able to adapt to new conditions, Chief Adviser to the World Bank (WB) for the securities market Ketut Ariadi Kutsuma said at the presentation of the law of Azerbaijan Republic "On the Securities Market."
According to him, the entry into force of the new regulations will create a solid foundation for the development of the capital market, investor protection and safety. Nevertheless, the new law is not enough, and good infrastructure and proper implementation is required. This requires a well thought-out strategy for the development of the market, the creation of which would be conducted directly with the representatives of market.
"Regulating the capital market must take into account the needs of investors and learn if large, medium or small companies should be brought to the market. It is also important to learn who most needs the issue of shares or bonds," said the representative of the World Bank. --17D-
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review