Azerbaijan, part of the Former Soviet Union (FSU), is now undergoing a rapid transition to a free market economy. During the next two years all small and medium enterprises will be converted to stock companies and auctioned. Many other large and special projects will be sold through direct negotiation. Foreign and local investment has been severely restricted as there is little, if any, pubic information on the stock companies and special projects. The minimal information that is available is Azeri and virtually no information is available outside of Azerbaijan. Optimarket's responsibility is to act as the official world wide representative of the Republic of Azerbaijan and the State Property Committee for the dissemination of information and sale of all non-public state assets, currently valued at $12 billion US. In addition to the official information provided by the State Property Committee, Optimarket will provide economic, historical and investment data on fluctuating stock prices and vouchers used to purchase stock. In the case of special projects like hotels and casinos, Optimarket will provide comparaitive investment data, design consultation, reconstruction estimates, plans, photographs and management interviews over the Internet prior to assisting in purchase negotiations.
Finally, Optimarket has developed a system by which stock as well as vouchers used to purchase stock may be analyzed and purchased over the Internet by investors all over the world. The result of this project will be dramatically increased and informed foreign investment and the introduction of the Republic of Azerbaijan's first stock market, which will be fully electronic and world wide from inception. The project is totally funded by Optimarket.