Nabiullina advocated stimulating companies to raise funds to the capital market
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The Chairman of the Bank of Russia, Elvira Nabiullina, called for the state to introduce “various incentive measures” for companies to more actively place their shares on the stock market.
“As for the listing of shares on the stock exchange and, in fact, the creation of free-float, in principle, we welcome any measures that will support this trend,”— stated Ms. Nabiullina during a press conference following a meeting of the Board of Directors of the Central Bank.
Free-float – share of shares in free circulation; part of the company’s shares available to private investors who are not related to the issuer itself, issuing these shares and not participating in the strategic control of the enterprise.
According to Elvira Nabiullina, the potential for attracting private business funds to the Russian capital market is “underutilized”. She believes that states can take certain steps in this direction.
In June, Mrs. Nabiullina during the St. Petersburg International Economic Forum (SPIEF) declaredthat the desire of the state to manage the economy can suppress private initiatives during an economic crisis. In her opinion, the restructuring of the economy should not be developed only at the expense of the budget. Excessive activity of the state will lead to the fact that it will be easier for business to apply for benefits, rather than offer private initiatives to develop the economy.
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