Azerbaijan, Kazakhstan eye stronger financial collaboration during talks in Baku

Representatives from Azerbaijan’s National Depository Centre and the Kazakhstan Stock Exchange have recently met in Baku to explore opportunities for enhanced cooperation and mutual exchange of expertise.

The meeting, which focused on the development of capital markets and ongoing reforms, was an important step toward strengthening financial ties between the two countries, the National Depository Centre told Caliber.Az.

The National Depository Centre provided the Kazakh delegation with a detailed overview of its operations, including its role in Azerbaijan’s capital markets and its efforts to modernise the country’s financial infrastructure.

A key focus of the meeting was on the reforms currently underway to enhance the efficiency and functionality of the market. The discussions also delved into the prospects for future collaboration between the two institutions. Both sides emphasised the potential for joint initiatives aimed at developing their respective financial markets and enhancing mutual understanding of best practices in the industry.

By Naila Huseynova