Starting today, issuers of shares listed on the Baku Stock Exchange are exempt from paying for listing services until the end of next year, Trend reports via Baku Stock Exchange (BSE).
"This step is aimed to increase the number of join-stock companies in the listing and increase the market capitalization of the BSE as a whole," BSE said.
The BSE added that BSE is taking several steps with the aim to stimulate the capital market.
"Thus, in order to promote financial initiatives from the capital market and listing on the stock exchange, listing requirements were simplified and the use of a stimulating tariff regime within the capital market was initiated. At the same time, in order to stimulate the mass supply of corporate securities, BSE introduced a mechanism for rewarding investment companies that provide underwriting services. This led to a positive impact on the possibility of placing securities on the stock exchange by mass offering. Along with this, BSE organizes intensive educational events in the capital city and regions of the country with the participation of relevant government agencies and investment companies," BSE notes.