Welcome to AmCham Azerbaijan

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Banking, Finance and Insurance

The Committee oversees the entire financial services industry, including banking and insurance industries. The committee concentrates on those issues that can off set American and Azerbaijan-US joint venture business in Azerbaijan.  Finance committee works towards bringing greater understanding of the Azerbaijan Financial system.  Better consideration of financial systems and a more robust financial infrastructure helps us to ensure both sustainable economic growth and social progress within the country. AmCham’s financial committee exists to raise and allocate finance. AmCham commonly undertake activities in order to bring organization’s together to provide a range of financial services for its members.BFI Committee seeks to support and promote the interests of AmCham’s Banking, Finance and Insurance members. It does this by facilitating discussions on issues affecting the sector, inviting guest speakers and by seeking to act as an advocacy body to defend and promote the interests of the sector as a whole with respect to Government and regulatory bodies.Powered by Froala Editor

Travel, Hospitality and Tourism

AmCham Travel, Hospitality and Tourism Committee meets monthly to discuss the present situation of tourism in Azerbaijan and how to improve the country as a tourist destination.Considering the larger than normal expatriate community, an influx of short-term business travelers, and increased investment in infrastructure that are results from a very active oil sector Azerbaijan’s travel tourism industry is one of the most promising. The business travellers require and demand high quality airlines, hotels, restaurants and services in both the capital and the regions. Over the long-term, however, Azerbaijan also has the potential to attract a considerable number of international tourists. The country is blessed with ingredients that will create good memories for tourists, including natural or interesting scenery, people, a historically rich religious diversity, interesting cities to explore, unusual foods, exotic smells, opportunities to bring home memories they have purchased, and above all, safety in the country. Having these attributes should go a long way to enable Azerbaijan to redevelop its tourism industry more broadly.Taking all this into account we would like to invite all of the hotels, airlines, travel agencies that are members of the American Chamber of Commerce as well as any other member companies that are interested in shaping up the private sector efforts in developing and improving the Hospitality, Travel and Tourism in the country to join this newly created committee.Powered by Froala Editor

Legal & Compliance

Legal & Compliance Committee was formed as a working group in 2017 to address legal and compliance issues faced by AmCham member companies operating in the Republic of Azerbaijan. The working group gained committee status in 2018.AmCham Legal and Compliance Committee focuses on the analysis of legislative and compliance issues influencing the investment climate in Azerbaijan. Input to AmCham White Paper is one of the main activities of the Committee. Leveraging the expertise of lawyers, economists and business leaders the Committee provides a ground for constructive discussion of issues affecting the investment attractiveness in Azerbaijan. Committee also provide strategic guidance and recommendations to the Board of Directors on the Chamber’s communication with regulatory authorities, law makers and government. Review and monitor the Chamber’s compliance and risk management activities and the effectiveness of any compliance and risk management programs established by the Chamber is another focus of the Committee. Powered by Froala Editor

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Some Facts about AmCham Azerbaijan

The American Chamber of Commerce in Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Established in 1996, AmCham is composed of over 260 Regular and Associate Member Companies active in every sector of the Azerbaijani economy. AmCham Azerbaijan represents nearly 80% of all foreign investment, as well as a significant portion of local investment, in Azerbaijan. Through its 9 industry sector committees, Member Companies are able to share information, raise issues of common concern and propose possible solutions. Being one of the largest and the most influential organizations in the country AmCham provides the best networking opportunities. Other membership benefits include access to the data on the latest tendencies in the market (through such information resources as AmCham White Papers, AmCham Annual Reports, IMPACT Azerbaijan Quarterly Magazines, Annual National Employee Salary Surveys, Quarterly Inflation Surveys); Member-to-Member Discount Program offers; U.S. Business Visa Facilitation Program benefits, etc.

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MEMBERSHIP TYPES

There are two types of AmCham affiliation: MEMBERS and ASSOCIATES with annual fees applied

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Immediately stay up to date with every members news updates

Formula 1 Happenings in Four Seasons Hotel Baku 2022

17 May 2022

We invite you to visit Caspian Agro and InterFood Azerbaijan exhibitions on May 18-20!

12 May 2022

Veyseloglu Group of Companies Announces İts Monthly Retail Price İndex

11 May 2022

Marketlərdə alıcılara ət və ət məhsulları necə təqdim olunur? Veysəloğlu Şirkətlər Qrupu bu mövzuda da çox seçicidir.

6 May 2022

PwC Azerbaijan Times, issue 04, May 2022

6 May 2022

Baku Water Innovation Forum

4 May 2022

Cold Storage: what is it for and who will benefit

27 April 2022

Open MBA Seminar 6 May in Baku: "New Business and Societal challenges in the era of Industry 4.0"

25 April 2022

“Access2Success “: AccessBank qadın sahibkarlar üçün proqrama start verir

25 April 2022

Advance payment-related regulatory compliance risks

20 April 2022

AMENDMENTS TO THE TAX CODE OF THE REPUBLIC OF AZERBAIJAN

19 April 2022

25 million manat has been invested in the establishment of a new and modern logistics center in Azerbaijan

19 April 2022

Legal updates, 11 April 2022

15 April 2022

From Evolution to Revolution: The Future of Cyber Operations

12 April 2022

Veyseloglu Group of Companies Announces İts Monthly Retail Price İndex

7 April 2022

How the Crises in Ukraine Affects Food Prices

7 April 2022

Which foods are preferred in the month of Ramadan?

6 April 2022

First “Vertical run race” in Azerbaijan, Baku

5 April 2022

What will it cost to have a festive dinner for Azerbaijani families this year

18 March 2022

Business Outlook in Azerbaijan, 6th edition

15 March 2022

THE FIRST WOMEN LEADERS FORUM WAS HELD IN AZERBAIJAN

15 March 2022

Veyseloglu Group of Companies Announces İts Monthly Retail Price İndex

11 March 2022

Veyseloglu Supports Young People with University Aspirations

2 March 2022

We invite you to the 4th Congress for People with Special Needs

1 March 2022

Prosol has started a partnership with the ADA university

18 February 2022

Suspension of inspections in the field of entrepreneurship has been extended

17 February 2022

PwC Azerbaijan Times, issue 03, February 2022

16 February 2022

Veyseloglu Group of Companies Announces İts Monthly Retail Price İndex

15 February 2022

Legal updates

11 February 2022

Amendments to the Tax Code: Expected Outcomes

8 February 2022

ASSA ABLOY Group entrusted “Unico” CJSC with regional representation of its products

4 February 2022

NEQSOL Holding to host prestigious Capacity Caucasus & Central Asia 2022 event

2 February 2022

Veyseloglu Group of Companies presented its retail index for 2021

21 January 2022

Deloitte Tax and Legal News 17 January 2022

17 January 2022

Baku International Sea Trade Port in the frames of “Port Community Care” project invites you to the “Corporate Kitchen” Team Building series

14 January 2022

Changes in Tax Code

14 January 2022

Veyseloglu Group of Companies presents the retail index reflecting price changes for essential commodities

12 January 2022

Legal updates

11 January 2022

13 University Graduates were Employed by Veyseloglu Group of Companies

10 January 2022

PASHA Holding and its strategic assets will plant 11,000 trees in Zangilan.

28 December 2021

Veyseloglu Group of Companies has donated 30,000 manat to the YASHAT Foundation

23 December 2021

ÇİMTAŞ STEEL IS TO DELIVER THE WORLD'S TALLEST FLAGPOLE

16 December 2021

AMENDMENTS TO THE TAX CODE OF THE REPUBLIC OF AZERBAIJAN

14 December 2021

Veyseloglu Presents Its Monthly Retail Index for November

9 December 2021

KPMG in Azerbaijan welcomes new Partner, Head of Advisory

19 November 2021

THE RESULTS OF THE "FROM IDEA TO SUCCESSFUL BUSINESS" STARTUP COMPETITION HAVE BEEN ANNOUNCED!

16 November 2021

Veyseloglu Group of Companies announced the Retail Index for October

15 November 2021

EKVITA is looking for Legal Manager

19 October 2021

NEQSOL Holding announces partnership between NEQSOL Academy and LinkedIn Learning

7 October 2021

Veyseloglu Group of Companies announced the Retail Index for September

5 October 2021

A Cup of Knowledge from Deloitte Academy

30 September 2021

PwC Azerbaijan Times: Tax Update, Issue 03

29 September 2021

PwC Azerbaijan's Special Issue of Legislation update

24 September 2021

Legal Updates | August

21 September 2021

Join the 1st Azerbaijan International Reconstruction and Development of Karabakh Exhibition, “Rebuild Karabakh 2021” on October 20-22!

16 September 2021

Tekfen Construction’s Azerbaijan Country Manager appointed as the Azerbaijan Representative of DTIK (World Turkish Business Council)

9 September 2021

Introducing the leadership team of our market-leading Dentons Baku office.

27 August 2021

EMPLOYMENT AGREEMENT vs CIVIL LAW CONTRACT

1 July 2021

Foreign nationals traveling to Azerbaijan required to have a COVID-19 passport

10 June 2021

New Amendments Introduced to the Labor Code

2 June 2021

“Unico” LLC construction company has launched “Smart Young Engineer”- a month-long paid Summer Internship Program for 2021.

27 May 2021

EKVITA Newsletter

16 May 2021

EKVITA Legal Updates | March

30 April 2021

PwC Azerbaijan Times-issue-01-2021

27 April 2021

Compliance management systems — Requirements with guidance for use

27 April 2021

The 2021 edition of Dentons Guide to Investing in renewable energy projects in Europe

2 April 2021

Draft changes to the Tax Code

2 March 2021

Coca-Cola Wins U.S. Secretary of State’s Award for Corporate Excellence for Women’s Economic Empowerment Efforts in Azerbaijan

3 February 2021

TURKISH AIRLINES STUDENT PRIVILIGES

28 January 2021

EY Business Brief

5 June 2020

Deloitte News Update

15 May 2020

Deloitte Tax News

15 May 2020

BHM Legal Update

15 May 2020

PwC Azerbaijan’s COVID-19 Alert Special Edition Issue № 13

27 April 2020

Key support measures available to business

23 April 2020

EY Business Brief

21 April 2020

EY Business Brief

6 April 2020

MBA in Finance

5 February 2020

BHM Legal Updates

17 January 2020

PwC Azerbaijan Times Issue #1

16 January 2020

Company (LLC) registration in Azerbaijan (Innovation in registration of an LLC)

29 December 2019

PwC Azerbaijan Times Issue #12

12 November 2019

Remaining time to start of AmCham Members' meeting with Mr. Mammad A. Abbasbeyli, Head of the State Service for Antimonopoly and Consumer Market Control

OTHER EVENTS

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Important highlights from AmCham Events
19 May 2022

AmCham Tax and Customs Committee’s May Meeting

On May 17, 2022, AmCham Tax and Customs Committee hosted its monthly meeting. Invited guest speakers of the meeting were Mr. Rashad Abdurahmanli, Tax BPS Manager at Deloitte Azerbaijan and Ms. Gunel Sadiyeva, Senior Tax Manager at PwC Azerbaijan. The meeting was dedicated to the following items: Update on new tax reporting forms;Survey on tax audits;Topics for the upcoming tax conference;Survey on the impact of the Russia – Ukraine conflict to the business.The meeting was opened by a welcome speech of Tax & Customs Committee Chairperson Mr. Jeyhun Mammadov who gave a brief foreword of the meeting and announced the agenda.In the first part of the meeting, Mr. Rashad Abdurahmanli delivered a comprehensive presentation on new tax reporting forms. Afterwards, Mr. Abdurahmanli answered relevant questions of the meeting participants.In the second part, Ms. Gunel Sadiyeva presented AmCham Azerbaijan and PwC Azerbaijan joint Survey dedicated to tax audits. Following the presentation, it was agreed to distribute the survey among the members of the Chamber. Furthermore, Mr. Jeyhun Mammadov raised a discussion on the possible topics for the upcoming AmCham Tax Conference. Considering the views and proposals of the meeting participants, a few topics were nominated for the conference. It was decided to make a final selection once all the proposals are received from the AmCham members upon the deadline on May 26, 2022.  Relevant topics for the tax conference can be sent to chamber@amchamaz.org. In addition, Mr. Mammadov shared the results of the survey on the impact of the Russia – Ukraine conflict to the business. To acquire more accurate results depicting a real picture of the issues aroused among businesses by the conflict, it was agreed to redistribute the survey once again to AmCham membership. At the end of the meeting, participants were actively involved in a Q&A session with the speakers, sharing their concerns and views. 

16 May 2022

AmCham Legal & Compliance Committee’s May meeting

On May 16, 2022, AmCham Legal & Compliance Committee held its monthly meeting dedicated to Experience and prospective of the enforcement of intellectual property rights at US courts. The guest speakers of the meeting were Ms. Becky R. Thorson, a federal magistrate judge for the United States District Court for the District of Minnesota, and Ms. Bernice Bouie Donald, a United States Circuit Judge of the United States Court of Appeals for the Sixth Circuit.Opening the meeting, Executive Director of AmCham Azerbaijan Ms. Gulnara Aslanbayli welcomed the participants and passed the floor to the Moderator of the meeting, L&C Committee Deputy Chairperson, Mr. Toghrul Ahmadov, who introduced the guest speakers and gave a brief foreword of the event. In the first part of the meeting, the guest speakers shared their experiences, views and best practices with the audience. The second part of the meeting was followed by an active Q&A session, where all questions and concerns of the participants were addressed by Ms. Becky R. Thorson and Ms. Bernice Bouie Donald.In the end of the meeting Mr. Toghrul Ahmadov expressed his gratitude to the guest speakers and participants of the session for their active involvement.

13 May 2022

AmCham Azerbaijan Executive Director attended annual ACE 2022 U.S. Conference in Washington D.C.

On May 4-10, 2022 Executive Director of American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) Ms. Gulnara Aslanbayli together with the executive delegation of AmChams in Europe (ACE)  from more than 30 countries attended annual ACE 2022 U.S. Conference in Washington D.C. The purpose of the visit was exchanging of views and best practices with all other Chambers, building stronger cooperation ties with US Businesses and state officials, as well as strengthening of bilateral economic and trade relations with the United States. Within the framework of the visit, discussions of policies with leading representatives of the U.S. administration, including the U.S. Chamber of Commerce, the U.S. Department of Commerce, the Department of State, and Congress were conducted.Whitin the program, meetings with experts of the US Chamber, high ranking US Government officials such as Ms. Sahar Hafeez, Director of International Economics at White House National Security Council, Mr. Wendy Ruth Sherman, Deputy Secretary at U.S. Department of State, Senator Thom Tillis, U.S. Senator for North Carolina, Ms. Suzanne Clark, U.S. Chamber President and CEO, Ms. Marisa Lago, Under Secretary at U.S. Department of Commerce and others were held. The meetings with experts on politics and business were primarily focused on discussion of the Transatlantic economy and trade, current political developments, and the Russian-Ukrainian war. Furthermore, the ACE executive delegation also held discussions on energy, finance, digital policies, as well as organization of joint activities and possible cooperation in these areas. An agreement was reached between the parties on exchange of experience and extensive cooperation.

13 May 2022

AmCham Members' Meeting with Representatives of the State Employment Agency

On May 12, 2022, a meeting was held between the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) and the State Employment Agency under the the Ministry of Labour and Social Protection of the Population of the Azerbaijan Republic. The meeting was organized in the framework of AmCham Human Resources and Labor Committee and was dedicated to the Presentation of HR digitalization projects lead by the Agency.The meeting was attended by more than 180 representatives of high-ranking government officials, member companies and representatives of diplomatic corps.The honorable speaker of the meeting was Mr. Mustafa Abbasbeyli, Chairman of the Board of the State Employment Agency.Opening the event, Mr. Ilgar Mehti, First-Vice president of AmCham Azerbaijan, introduced the guest speaker and gave a brief foreword to the agenda. He emphasized sustained activity of AmCham Azerbaijan on continuing supporting and promoting the interests of foreign and local businesses in Azerbaijan, as well as significance of the established fruitful dialogue and successful cooperation with government institutions in this direction.Afterwards, Mr. Mustafa Abbasbeyli welcomed and expressed his gratitude to all AmCham members and guests. Mr. Abbasbeyli gave general information on the digitalization projects lead by the State Employment Agency and shared the future plans.Mr. Vusal Mesiyev, Adviser to the Chairman of the Board of the State Employment Agency, comprehensively explained the usage of the system, as well as all benefits of “Labor Relations and Employment subsystems” developed by the Agency with video demonstrations.The new “Labor Relations and Employment subsystems” is a single platform for labor relations for all employers and employees, a new serious mechanism to support labor market participants. With the help of this subsystem, the transition to digital personnel records, and the digitization of other paper transactions carried out in the process of labor relations. The subsystem includes risk-based inspection, electronic audit, etc. modules. Click here to get acquainted with “Labor Relations and Employment subsystems”. The meeting was followed by an interactive Q&A session, where participants were actively involved in an open dialogue, sharing their concerns and exchanging best practices and addressing their questions to Mr. Mustafa Abbasbeyli and Mr. Vusal Mesiyev.At the end, Mr. Parviz Tahirov, Deputy Chairperson of AmCham HR Committee, thanked the guest speakers and all the participants for their involvement in the event.Highlights from the meeting: https://www.youtube.com/watch?v=Qc8ChharT1s

25 April 2022

AmCham Human Resources and Labor Committee’s April Session

On April 21, 2022, AmCham Human Resources and Labor Committee organized its April session.The guest speaker of the meeting was Ms. Elnara Mammadova, Vice president people and culture, BP Azerbaijan, Georgia, Turkey and Russia.Ms. Ellada Alishova, Chairperson of HR Committee welcomed the participants with an opening speech, gave brief foreword of the session and introduced the guest speaker.In the first part of the meeting, Ms. Elnara Mammadova delivered a comprehensive presentation on the “Role of benefits in employee retention”. The second part of the meeting was followed by an interactive Q&A session, where participants were engaged in an open dialogue and exchanged views and best practices. In the end of the meeting, Ms. Ellada Alishova expressed her gratitude to the guest speakers and participants of the session for their active involvement. 

19 April 2022

AmCham Legal & Compliance and Digital Technology & Innovations Committees’ April Meeting

On April 14, 2022, AmCham Legal & Compliance and Digital Technology & Innovations Committees held a joint meeting dedicated to the Artificial Intelligence and its use in the Legal Industry.The guest speakers of the meeting were Ms. Sona Taghiyeva, Partner in Dentons and Mr. Sergei Bolshakov, Government Affairs Director in Eurasian Economic Union, Central Asia, and Caucasus Countries.Opening the meeting,  Executive Director of AmCham Azerbaijan Ms. Gulnara Aslanbayli welcomed the participants and highlighted the relevance and importance of the topic. Afterwards, Chairperson of Legal and Compliance Committee Mr. Kamil Valiyev ,  introduced the guest speakers and announced the agenda of the meeting. Chairperson of DT&I Committee Mr. Gachay Mirzayev shared a comprehensive presentation on Artificial Intelligence Fundamentals & use cases in Legal Industry.In the second part of the meeting, Mr. Sergei Bolshakov briefly spoke about several areas where Artificial Intelligence, IT and Legal come across.Afterwards Ms. Sona Taghiyeva delivered a presentation on Challenges and opportunities of Artificial Intelligence.At the end of the meeting, participants were actively involved in an open dialogue, sharing their concerns and exchanging best practices, as well as participating in a Q&A session, where all questions were addressed by Mr. Gachay Mirzayev, Ms. Sona Taghiyeva and Mr. Sergei Bolshakov. 

30 March 2022

AmCham Members’ March Luncheon

On March 29, 2022, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) organized its monthly members’ Luncheon. The Honorable Guest Speaker of this month was Mr. Rahman Hajiyev, Chairman of the Board of Karabakh Revival Foundation.Opening the event, Executive Director of AmCham Azerbaijan, Ms. Gulnara Aslanbayli welcomed the participants of the Luncheon. During her speech, she called AmCham members to offer internship program to the War-wounded and Families of Martyrs of the 44-day Patriotic War, who completed 6 months training program as well as “Career Guidance and Introduction to Business World” workshop within the “Professional Development and Career Planning” project jointly launched by the Ministry of Labor and Social Protection of the Population of the Republic of Azerbaijan, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan), Junior Achievement Azerbaijan (JA Azerbaijan) and “Azercell Telecom” LLC. Afterwards, Ms. Aslanbayli passed the floor to member presentations by JOCAP, Denetik Uluslararası Belgelendirme ve Gözetim Hizmetleri Limited, European Azerbaijan School, who gave the information on portfolio and activity direction of their companies. Then, newly appointed President of AmCham Azerbaijan Ms. Nargiz Nasrullayeva-Muduroglu introduced the honorable guest speaker Mr. Rahman Hajiyev to the audience. During her speech, Ms. Nasrullayeva-Muduroglu highlighted the activities of the Karabakh Revival Foundation and expressed Chamber’s intention to participate as a donor in the project on restoration of ecological balance in Karabakh - "From Victory to Revival" jointly implemented by the Foundation and the Ministry of Ecology and Natural Resources.Mr. Rahman Hajiyev welcomed and expressed his gratitude to all AmCham members and guests. Mr. Hajiyev delivered a comprehensive presentation on establishment of the Karabakh Revival Fund, its main goals and objectives, mission, values and current activities, as well as work done to restore and reconstruct Karabakh. He also noted that the restoration of historical monuments in the liberated territories and ecological balance in Karabakh is one of the priorities for the Foundation.Furthermore, the participants were introduced to “Karabakh.Center”  Internet resource and “Karabakhmemorial.com”  projects dedicated to the memory of minors killed as a result of military crimes committed by the armed forces against the civilian population during the 44-day Patriotic war. The author of the project idea is First Vice-President of the Republic of Azerbaijan Ms. Mehriban Aliyeva.At the end of the luncheon, Ms. Aslanbayli thanked Mr. Rahman Hajiyev and all the participants for their involvement in the event. The event featured a photo exhibition and video "Urbicide in Karabakh" reflecting the destroyed buildings and historical monuments based on the materials of the Karabakh Center project.AmCham Azerbaijan Members’ Luncheons are organized monthly by the Chamber and feature participation of high ranked government officials, member companies and representatives of diplomatic corps.

15 March 2022

Opportunity to offer internships to the War-wounded and Families of Martyrs of the 44-day Patriotic War

To the attention of AmCham members!AmCham Azerbaijan would like to give the opportunity to AmCham member companies to offer the internship program to the War-wounded and Families of Martyrs of the 44-day Patriotic War, who completed 6 months training program as well as “Career guidance and introduction to business world” workshop within the "Professional Development and Career Planning" project jointly launched by the Ministry of Labor and Social Protection of the Population of the Republic of Azerbaijan, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan), Junior Achievement Azerbaijan (JA Azerbaijan) and “Azercell Telecom” LLC.You can get acquainted with the CV-s of the project participants from the following link. Those who are interested in providing internship programs to the young project participants please contact chamber@amchamaz.org.We are calling each member company to support professional development and employment of our young project participants together! "Professional Development and Career Planning" project has been jointly launched by the Ministry of Labor and Social Protection of the Population of the Republic of Azerbaijan, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan), Junior Achievement Azerbaijan (JA Azerbaijan) and “Azercell Telecom” LLC.The purpose of the project is development of personal skills of war-wounded, children of veterans and martyrs of the 44-day Patriotic War, their introduction to the business world, as well as guidance in selection of appropriate career path by identifying their main interests.On the first stage of the project, participants were involved in English and Computer courses conducted by the Celt Colleges training center and JA Azerbaijan professionals via the ZOOM platform. To support the online organization of the trainings, all project participants were provided with computers by AmCham members. As a digital partner of the social initiative Azercell provided participants wit high-speed mobile internet services throughout the project. Within the second stage of the project, a workshop on "Career guidance and introduction to business world" was organized. The workshop covered informative presentations and interactive assignments delivered by JA Azerbaijan, as well as mentoring session with AmCham member companies’ experienced professionals and senior executives from across different industries.In total, 25 young people over the age of 16 from Baku, Sumgayit cities and Goranboy region participated in the project and 17 of them are looking for the job and internship opportunities.

3 March 2022

AmCham Annual General Meeting 2022 was held

As the election season finally approached, on March 2, 2022, Annual General Meeting (AGM) 2022 featuring Elections to the Board of Directors and the President of AmCham took place. AGM was opened by a welcome speech of AmCham Executive Director Ms. Gulnara Aslanbayli, who announced the AGM valid by the Article 7.1 of the Charter and wished all the candidates best of luck. Mr. Jeyhun Mammadov was elected as the Chairman of the Annual General Meeting. Mr. Mammadov introduced the 12 candidates running for 10 vacant positions on the Board who thereafter laid out their platforms and delivered 3 minutes speeches each. Afterwards, Mr. Ilkin Hajiyev from Sustainera Research and Consulting services, and Mr. Khayal Mammadov from Seabak LLC were elected as the tailors of the General Meeting. During the Ballot counting procedures, Former President of AmCham Azerbaijan Mr. Nuran Kerimov delivered his farewell speech to AmCham members. Mr. Kerimov briefly touched upon the accomplishments and activities during his 4-years journey as AmCham president and thanked AmCham community for their commitment and contribution to the success of the Chamber. Former President also wished best of luck and many more accomplishments to the new Board of Directors in continuing implementation of Chamber’s mission and strategic objectives.  Mr. Kerimov passed the floor to the U.S. Ambassador to Azerbaijan Mr. Lee Litzenberger who thanked the outgoing American Chamber of Commerce board for their work in helping build business ties between the United States and Azerbaijan and welcomed new members in advance.  The Ambassador highlighted important collaboration with AmCham on a number of issues, including women’s economic empowerment, the importance of a clear and transparent business environment, IPR protection, and addressing climate change.Through the anonymous voting process, in which authorized representatives of AmCham Regular Members with a good business reputation and in a good standing in the community took part, election of the following Board members for the next two years term (2022-2024) were announced by the Chairman of AGM:Ms. Nargiz Nasrullayeva-Muduroglu, Landmark Business CenterMr. Shahin Mammadov, PASHA Holding LLCMr. Zaur Allahverdizade, BAKER HUGHESMr. Dayanat Sadullayev, PMD Group LLCMs. Rena Mamedova, AZERBAIJAN COCA-COLA BOTTLERS LTD.Mr. Teymur Mahmudov, SOCARMs. Elnara Mammadova, BPMr. Kanan Tabasaransky, Smart Solutions GroupMr. Ilgar Mehti, EKVITA LLCMr. Bakhtiyar Akhundov, MOL Azerbaijan LTDIn addition, out of those elected 10 Board Members, Ms. Nargiz Nasrullayeva-Muduroglu was elected as the first woman AmCham Azerbaijan President. The AGM was closed by the speech of newly elected AmCham President Ms. Nasrullayeva-Muduroglu who thanked AmCham members for their trust and expressed her commitment to Chamber’s goal to continuing supporting and promoting the interests of foreign and local businesses and foster the economy of Azerbaijan as a whole. 

28 February 2022

AmCham Azerbaijan is concerned about hostilities taking place in Ukraine

AmCham Azerbaijan is concerned about hostilities taking place in Ukraine. We believe all conflicts must be settled by peaceful diplomatic means in full compliance with the norms and principles of international law, including the sovereignty of states, territorial integrity and inviolability of borders.  AmCham Azerbaijan supports all ongoing efforts to avoid further escalation, protect civilians and safeguard security and prosperity across the region.