PwC Azerbaijan and the Baku Stock Exchange (BSE) have entered
into a Memorandum of Understanding (MoU), underscoring their joint
dedication to enhancing Azerbaijan’s capital markets and nurturing
the growth of the nation’s financial landscape.
The MoU formalised by Mr. Ruslan Khalilova, CEO of the Baku
Stock Exchange, and Mr. Shaukat Tapia, Country Managing Partner of
PwC Azerbaijan, sets the stage for both parties to work hand in
hand to empower market participants, improve issuer preparedness,
and champion transparency and leading practices across the capital
markets.
Reflecting on the agreement, Mr. Shaukat Tapia, Country Managing
Partner of PwC Azerbaijan, remarked:
“Robust and efficient capital markets are vital for driving
economic growth and drawing in long-term investments. Through our
partnership with the Baku Stock Exchange, we’re eager to share our
expertise and insights to bolster market confidence, support
issuers, and advance the development of Azerbaijan’s capital
markets.”
The MoU acts as a guiding framework, detailing the cooperative
principles between PwC Azerbaijan and the Baku Stock Exchange.
Specific projects and actions under the MoU will be pursued through
separate agreements, as needed.
By cementing this partnership, PwC Azerbaijan and the Baku Stock
Exchange reaffirm their shared values and enduring commitment to
cultivating a resilient, transparent, and efficient capital market
in Azerbaijan—one that fuels economic growth, attracts investment,
and opens doors for businesses and investors alike.
