The Baku Stock Exchange (BSE) has presented seven new strategic initiatives aimed at developing the capital market in Azerbaijan, Deputy Chairman of the BSE Board Ogtay Gasimov said during a presentation at the Financial Investment Forum held in Baku.
Report quotes him as saying four of these initiatives concern the stock market, and three concern the bond market.
"When developing the strategy, we came to the conclusion that the sustainable development of the capital market requires the unification of all participants on a single platform. The Baku Stock Exchange plays a key role in providing such a space. Our main goal is to create a transparent, reliable, and convenient trading environment for investors," Gasimov noted.
He emphasized that the BSE continues to improve the trading infrastructure, increases liquidity, and opens up new opportunities for the activity of market participants.
"Since 2020, we have seen steady growth in both the number of public offerings and the volume of securities issued. Among the most active segments are repo transactions and government securities. An important area remains the listing of companies in the real sector. Significant progress has been made here over the past four years. The market has begun to offer more financial instruments, and attractive investment opportunities are being created for investors of various categories," he said.
Gasimov also noted that the BSE cooperates with the stock exchanges of Kazakhstan and the UAE, which will simplify investors' access to international markets in the future.
"If you look at the macroeconomic indicators of countries with a similar economic structure, you can see that the depth of their capital markets is much higher. This suggests that the potential for development in Azerbaijan is still great," the deputy chairman of the stock exchange added.