Friday, 24 August 2007

On 14th of August within the frame of the TICEX delegations business visit in Baku General Director of Tbilisi Interbank Currency Exchange (TICEX) Mr. Ucha Khutsishvili and General Manager of Baku Interbank Currency Exchange (BBVB) Mr. Farkhad Amirbekov signed an agreement on development the financial markets of Georgia and Azebaijan.


On the basis of agreement TICEX and BBVB are announced as partners and during the cooperation process they support in the field of electronic trade by foreign currencies and improvement of financial market. The parties incur obligations on coordination the actions towards the international financial institutions with a view of Georgia and Azerbaijan financial markets integration processes development.


With the view of trading and calculations systems improvement, the parties will cooperate into the direction of electronic trading, Internet based trading and electronic document exchanging development. During the cooperation process the parties will study TICEX and BBVB expediency of trading-calculations systems integrated or united interface creation.


After official ceremony of signing documents, the parties agreed to establish working groups, which will produce the Action Plan for reaching the projected aims.