The Azerbaijan - AmCham

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The Azerbaijan Investors' Summit 2011Introduction(Sources: USACC 2010)Azerbaijan continues to undergo rapid development, gaining a further role on the world stage. Thegovernment's priorities include continuing its growth as an energy provider and transport country,strengthening infrastructure, creating new jobs, developing the non-oil economy, and creating ananchor of stability and prosperity in the region. These developments and policies create newopportunities for foreign investors and firms interested in this region.According to the UN Conference on Trade and Development (UNCTAD), Azerbaijan is one of themost attractive countries in the world for investment.While much of the economy has benefited from the oil and gas industry, myriad business opportunitiesexist in non-oil sectors: construction, building material, engineering services, infrastructure,transportation and aviation, telecommunications equipment and services, agriculture and foodprocessing, and last but not least alternative energy.Numerous foreign companies have made investments in extracting Azerbaijan's significant oil andgas reserves. Azerbaijan already has major oil and gas pipelines energy to Western markets, includingthe Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the Baku-Tbilisi-Erzurum (BTE) gas pipeline.Others are under consideration, including the Nabucco pipeline to move Caspian gas reserve toEuropean markets, thus creating new opportunities in the field of energy. In addition to primaryjobs and opportunities created within the energy sector, the growth of the industry is having spillovereffects on the services sector as well. In particular, this includes services to enterprises, tradeand catering, mobile telecommunications, construction and property.Azerbaijan is increasingly becoming known for its pro-business attitude, helped by its tangiblecommercial reforms that have liberalized its non-energy economy.Agriculture is the second largest sector of the economy and agricultural processing is accelerating,with many food products processed for export. There is current demand for agricultural machinery,as well as food processing and packaging technology.Construction remains a large sector of the economy and real estate has seen unprecedentedgrowth particularly in the capital, Baku. The construction industry has been largely tied to the ebband flow of various energy projects, although domestically driven demand appears to be pickingup.Azerbaijan engaged in the telecom industry with the impressive announcement that the countrywill launch its own communication satellite in 2012. Wireless communication is the fastest growingsubsector in the telecom industry, an area in which the country has been a regional and globalleader.Azerbaijan's medical sector is poised for significant growth, driven largely by government investmentin healthcare and increasing incomes from oil revenue and development. Primary healthcareand private health insurance remain underdeveloped.Azerbaijan's main trading partners includes so far the United States, the United Kingdom, Russia,Turkey, Italy, Germany, France, Kazakhstan, Georgia, South Korea, China and Indonesia.
The Azerbaijan Investors’ Summit 2011Programme and Speaker InviteesPlease note that the speakers listed below have been invited and that some of them are not yetconfirmed. The programme will be updated and new speakers will be included in the coming weeks.Wednesday 2 March 201180:00 – 08:45 Breakfast hosted by PricewaterhouseCoopers Azerbaijan08:45 – 09:30 Registration of the participants09:30 – 09:45 Welcome Keynote AddressShahin Mustafayev, Minister of Economic Development, Azerbaijan (tbc)09:45 – 11:00 Panel Session 1:UNVEILING UNPARALLELED TRADE, INVESTMENT AND BUSINESS OPPORTUNITIES IN THE SOUTHCAUCASUS/CASPIAN SEA REGION A roundtable consisting of investors, relevant business organizations and IFIs operating in Azerbaijan Panel Discussion and Q&AChairmanAdil Mammadov, President, Azerbaijan Export & Investment Promotion Foundation (AZPROMO)Roland Kobia,Ambassador and Head of the EU Delegation, Azerbaijan“The Competitiveness Challenge in Eastern Europe and SouthCaucasus”Fadi Farra,Head of the OECD Eurasia Competitiveness Programme, OECD, FranceBijan R. Kian,Honorable Director, Member of Board of Directors, Export-ImportBank of the U.S.Henning Twesten,Country Director, Deutsche Gesellschaft für InternationaleZusammenarbeit (GIZ) GmbH, Azerbaijan"Azerbaijan's Investment Climate. Business Outlook"Nargiz Nasrullayeva-Muduroglu,Executive Director, American Chamber of Commerce in AzerbaijanFatima Aslan,Chairwoman of Executive Board, Azerbaijan-Turkey Business AssociationDaniel Matthews,Partner, Baker & McKenzie AND President, Amcham AzerbaijanA Speaker from PricewaterhouseCoopers AzerbaijanA Speaker from Austrian-Azerbaijani Chamber of Commerce11:00 – 11:30 Coffee break and networking11:30 – 12:45 Panel Session 2:FOCUS ON BANKING AND FINANCIAL SERVICES Azerbaijan banks set to back investments (mortgage lending, project finance, etc.) Innovative financial products available to the growing corporate sector Increasing use of the financial leasing Micro and small business finance development Insurance markets: adapting the supply with the increasing demand Key-role of IFIs, inflow of foreign capital and opportunities for international banks Panel Discussion and Q&AKeynote AddressSamir Rauf oglu Sharifov, Minister of Finance, Azerbaijan (tbc)Joseph Owen,Country Manager, World Bank AzerbaijanFrancis Delaey,Head of Office, EBRD AzerbaijanKhayal Abdinov,President, Baku Stock Exchange, AzerbaijanEmre Timurkan,Chief Executive Officer, AFB Bank, Azerbaijan12:45– 14:00 Luncheon and networkingKeynote AddressElman Rustamov, Chairman, National Bank of Azerbaijan (tbc)Eldar Ismaylov,President, Association of the Banks of Azerbaijan“Risk Management – regional perspective”Rufat Makhmud,Chairman, Azerbaijan Association of Risk ProfessionalsGerald Hübner,Project Manager, L3d2 Private & Financial Sector Development EasternEurope, Caucasus and Central Asia, KfW, GermanyA Speaker from the private sector (proposed sponsor)
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