OREANDA-NEWS. February 16, 2010. Committee’s chairperson Rufat Aslanli says that since April 2009 they have observed intense rise of overseas investors’ interest to the Azerbaijani market.

“There is a range of pre-conditions for that – stable macroeconomic situation, country’s international position (overall foreign debt that is more than two-fold less than its reserves), growth of GDP, industrial output, etc. That gives an impulse to the interest of foreign investors. The issue here is in presentation of adequate instruments of the market. The market is still at stage of formation and its major tool is governmental securities – treasury bonds and notes of the Central Bank of Azerbaijan. Currently profitability on them has dropped. Medium-term papers are quoted less than 3%. Nevertheless, there an interest to them, and as for us, we pursue policy of increasing supply to the market to take advantage of this interest,” Aslanli said.

He also pointed out that in the first months of the past year when there was grave shortage of liquidity at international financial markets, many international investors experiencing need in liquidity sold their assets not only in Azerbaijan but also at developing markets.

“The March of 2009 was the bottom of international financial markets. Certain outflow of foreign investors and capital was observed in Azerbaijan until March as well. They invested mainly in governmental securities,” Aslanli emphasized.