Subject cooperation with EBRD SSC hiding

Another high-level mission of the European Bank for Reconstruction and Development held a meeting with the leadership of the State Committee for Securities of Azerbaijan (SSC). However, the parties did not disclose the subject of cooperation, referred to throughout this year.

In the common sector PR SSC press release states that the chairman of the department Rufat Aslanli praised the cooperation with the EBRD and expressed satisfaction at the participation of joint projects." What kind of projects is in question is unknown. The press service of the department asked not to ask other questions on this topic.

  Rufat Aslanli told the EBRD development director for finance in local currencies and local capital markets Andre Kuusvek "about the new opportunities that have emerged as a result of the state program of development of the securities market, certain developments on the application of modern international standards, and even the appearance of investor interest in the initial public offering ( IPO) of shares."

The guest from London informed the leadership of the SSC on "processes in international financial markets." He also said that the bank is encouraged by the reform on the application of international standards in the capital markets. The message is no information about the directions of these reforms. Andre Kuusvek reported Rufat Aslanli that "there is a high potential to establish business cooperation in the local market and the desire to take advantage of market-based cooperation."

This year, the SSC adopted several missions of the Bank and each time the details of the talks were kept secret. -08D-