EU to finance twinning project in Azerbaijan

The European Union will allocate a total of one mln euro for financing twinning project to be implemented in Baku by the Polish Financial Supervision Authority (PFSA).

The presentation of the twinning project on “Approximation of the legal and regulatory framework for the securities market of Azerbaijan according to the European Union acquis and capacity building for the State Committee for Securities” will be held Thursday.

The overall objective of the twinning project is to create regulatory and institutional capacities for long-term economic stability and growth by strengthening and upgrading the legal, regulatory and institutional framework of the securities market in the Republic of Azerbaijan.

The project purpose is to improve the legal framework as well as the regulatory and institutional capacities of the State Committee for Securities of the Republic of Azerbaijan to supervise the securities market and financial service providers in line with the European Union acquis.



/AzerTAc/