Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received on May 1, 2009 the delegation headed by the Chairman of Capital Markets Board of Turkey Vedat Akgiray, represented by the President of ISE Settlement and Custody Bank Emin Chatana, the General manager of Central Securities Depositary Yakup Ergincan and the Economic Counsellor of Baku Embassy of the Republic of Turkey Cahit Buyukturk.

Mr. Movsumov briefed the guests on the Fund's activity, management of its assets, major projects financed by the Fund.

The current economic relations between Azerbaijan and Turkey, development perspectives of these relations, extension of business co-operations on development of security markets between two countries and other issues were discussed at the meeting.