"We need to pay more attention to financing small and medium-sized businesses in Azerbaijan, as well as improving local stock exchanges."

APA-Economics reports that BSTDB Vice President Hasan Demirhan said this at the conference of the Black Sea Trade and Development Bank (BSTDB) on "The role of supporting the diversified and innovative Azerbaijani economy in a changing world."

He said that there is already such an experience.

Thus, in 2019, the BSTDB issued a bond to support the local currency.

Hasan Demirhan also added that the BSTDB wants to continue cooperation with local financial and small and medium enterprises: "Access to financial resources in the oil sector is wide. But for small and medium enterprises, this is not the case. Therefore, these businesses should be financed. We can provide resources. "