Azernews.Az

Qabil Ashirov

Read more

PwC Azerbaijan and the Baku Stock Exchange (BFB) have signed a Memorandum of Understanding (MoU) aimed at accelerating the development of the country’s capital markets and supporting the sustainable growth of the financial sector, Azernews reports.

The agreement was signed by Ruslan Khalilov, Chairman of BFB’s Board, and Shaukat Tapia, Country Managing Partner of PwC Azerbaijan. The MoU sets the framework for cooperation to expand market participants’ opportunities, increase issuers’ access to capital markets, and promote transparency and best practices in Azerbaijan’s financial sector.

Commenting on the agreement, Shaukat Tapia said: "Sustainable and efficient capital markets play a crucial role in promoting economic growth and attracting long-term investments. Through our partnership with the Baku Stock Exchange, we are pleased to share our knowledge and expertise to strengthen market confidence, support issuers, and contribute to the development of Azerbaijan’s capital markets."

The MoU establishes the principles of collaboration between PwC Azerbaijan and BFB. Specific projects and initiatives under this framework will be implemented through separate agreements as needed.

This partnership underscores the shared commitment of PwC Azerbaijan and BFB to build a transparent, sustainable, and efficient capital market in Azerbaijan—one that fosters economic growth, attracts investment, and creates new opportunities for businesses and investors alike.