Education as an Investment: AmCham Launches Its Education and Vocational Working Group

On November 27, 2025, AmCham hosted the inaugural meeting of its newly established Education and Vocational Working Group titled “Education as an Investment: Shaping Azerbaijan’s Future Workforce.”The meeting was opened by the Chairperson of the Working Group, Mr. Francesco Banchini, who delivered an inspiring address emphasizing the importance of education as a strategic investment in the country’s future. The session welcomed directors and representatives from both public and private educational institutions, whose active participation enriched the discussion on the evolving landscape of education in Azerbaijan.Mr. Banchini presented the Working Group’s mission, outlined its priority areas, and introduced the Committee’s vision to serve as a platform for collaboration and knowledge exchange, aimed at strengthening the transition from education to employment across the country. He also shared insights from the Skills Gap Report and introduced key thematic focus areas, including the collaboration cycle, sustainability in education, parental engagement as a partnership, and the concept of the ladder of inference — all of which sparked insightful and constructive discussions.

AmCham MCBD Committee Hosts "Lead Talks" with Mr. Rahman Hajiyev

On November 20, 2025, the AmCham Marketing, Communications, and Business Development (MCBD) Committee held its latest “Lead Talks” featuring Mr. Rahman Hajiyev, Chairman of the Executive Board of the Karabakh Revival Fund. The session provided valuable insights into the Fund’s communication strategy, sustainability agenda, and engagement with the corporate sector in the context of the Great Return.The event was opened by Ms. Aysel Suleymanova, Chairperson of the MCBD Committee, who welcomed members and guests. She emphasized the role of the Lead Talk series as a platform for shaping dialogue between the public and private sectors and exploring narratives that define Azerbaijan’s identity and global positioning. Highlighting the relevance of the topic, Ms. Suleymanova noted that the last five years have marked a significant transformation for the country and reaffirmed the importance of strategic communication in strengthening national pride and advancing development goals.Mr. Hajiyev highlighted that the Fund’s communication strategy is built on the principles of national unity, transparency, and emotional resonance, emphasizing narratives that reinforce belonging and collective pride. He noted that messaging is adapted for different audiences while maintaining a unified national framework.Speaking about fundraising priorities, he underscored the focus on infrastructure restoration, social development, and human capital investment, aligned closely with the national goals of the Great Return.The session reaffirmed the pivotal role of the corporate sector in supporting national development and strengthening shared values.

High-level meeting was held between the AmCham Azerbaijan delegation and the Financial Monitoring Service (FMS)

On November 19, 2025, a high-level meeting was held between the AmCham Azerbaijan delegation and the Financial Monitoring Service (FMS). The leadership of the FMS, including Chairman of the Management Board Mr. Zaur Fatizade, participated in the meeting.Opening the meeting, Mr. Zaur Fatizade emphasized AmCham Azerbaijan’s long-standing contributions to the development of the business environment in the country and highly valued the initiatives carried out within the framework of inter-institutional cooperation. He noted that AmCham platform plays an important role in strengthening public–private sector dialogue.The meeting was dedicated to discussions on the proposals submitted within AmCham Azerbaijan’s White Paper 2025. The parties reviewed in detail expectations related to the financial-banking sector, directions for improving AML/CFT oversight mechanisms in the non-bank segment, strengthening regulatory approaches in the areas of compliance and transparency, as well as opportunities for expanding public–private sector cooperation. During the discussions, the sides assessed joint action opportunities to enhance trust in the business environment and to establish more effective regulatory frameworks.Further in the meeting, the FMS presented the integration capabilities, functionality, and development directions of the SHAMS (Suspicious Transactions Monitoring System) platform. FMS representatives provided information on ongoing system updates, as well as planned technological and methodological improvements for upcoming phases. It was emphasized that the development of SHAMS contributes to strengthening transparency and accountability in the financial sector and reducing compliance risks. Mr. Zaur Fatizade also highlighted the particular importance of joint efforts between government agencies and the business community to ensure transparency in financial operations and minimize compliance risks.The meeting also addressed prospects for international cooperation and noted that such efforts could create additional opportunities for strengthening financial stability and alignment with international standards in the country.As a result of the discussions, the parties agreed on several operational directions. These include organizing awareness-raising training sessions on AML/CFT and compliance through the AmCham Azerbaijan platform, holding thematic and analytical meetings with the banking sector, and establishing a joint working group consisting of representatives of the FMS and AmCham Azerbaijan to conduct deeper analysis and continue coordinated work on the issues raised.The 2026 action plan of the AmCham Banking, Finance and Insurance Committee also prioritizes these topics and foresees the implementation of expanded cooperation and educational initiatives based on the directions identified during the meeting.It should be noted that since its establishment in 1996, AmCham Azerbaijan, representing nearly 300 member companies, has been actively continuing its efforts as a leading business association dedicated to promoting a favorable business environment in the country.

AmCham SD & CI, Legal & Compliance, and Innovation & Digital Economy Committees’ joint meeting on “Responsible and Ethical Adoption of AI in Business"

On November 13, 2025, the AmCham Sustainable Development & Corporate Impact, Legal & Compliance, and Innovation & Digital Economy Committees held a joint meeting on “Responsible and Ethical Adoption of AI in Business.” The event brought together experts, committee members, and representatives of leading companies to discuss how Artificial Intelligence is reshaping corporate practices, governance standards, and long-term strategic planning.Guest Speaker of the meeting was Dr. Rena Alasgarova, Adjunct Instructor at ADA University and Deputy Head of Secondary Academics at Baku Oxford School, a researcher and AI advocate focusing on the intersection of education, technology, and governance. In her presentation, Dr. Rena outlined how AI technologies are increasingly strengthening operational efficiency, improving profitability, and enabling more informed decision-making across industries. She emphasized that while these advancements create significant value for businesses, they also introduce a range of emerging risks—from algorithmic bias and data privacy concerns to cybersecurity vulnerabilities and uncertainties within evolving global regulatory frameworks.Dr. Rena also discussed the Azerbaijan Artificial Intelligence Strategy, explaining how it can guide local companies in adopting AI responsibly and sustainably. She stressed that, if applied correctly, these frameworks can help organizations avoid compliance pitfalls, mitigate reputational risks, and build a culture of ethical innovation.The session provided valuable insights for business leaders, offering a clear understanding of how global best practices can be translated into practical steps that strengthen innovation, competitiveness, and long-term trust.Following the keynote presentation, an engaging panel discussion was held with the participation of Bahar Kavuzova, Deputy Chairperson of the Legal & Compliance Committee; Arzu Huseynova, Deputy Chairperson of the Innovation & Digital Economy Committee; and Aynura Ismayilzade, Director of Compliance and AML at PASHA Bank. The panelists shared their professional perspectives on AI adoption within their sectors, touching on compliance readiness, ethical governance challenges, and the organizational shifts required to fully embrace AI-driven technologies.The meeting concluded with an interactive Q&A session, where participants actively engaged with the speaker and panelists, raising practical questions and discussing real cases related to the responsible integration of AI in business environments.

AmCham President Attends High-Level Business Meetings in Oman and Kuwait

On October 8–9, 2025, the President of the American Chamber of Commerce in Azerbaijan (AmCham) and Deputy CEO of PASHA Holding, Mr. Dayanat Sadullayev, participated in a series of high-level business meetings held in Muscat, Oman and Kuwait City, Kuwait, alongside the official delegation led by Mr. Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan.The Oman–Azerbaijan Roundtable Discussion, held on October 8 at the Oman Chamber of Commerce and Industry, gathered government officials and business representatives to explore opportunities for enhancing trade, investment, and industrial cooperation between the two nations. The event featured remarks by H.E. Qais Al Yousef, Minister of Commerce, Industry and Investment Promotion of Oman; H.E. Mr. Mikayil Jabbarov; and H.E. Sheikh Faisal Abdullah Al Rawas, Chairman of the OCCIOn October 9, the Azerbaijani delegation continued its mission in Kuwait, where the Kuwait–Azerbaijan Roundtable Discussion was held at the Kuwait Chamber of Commerce and Industry. The event brought together business leaders from both countries to discuss avenues for expanding bilateral partnerships and investment cooperationRepresenting PASHA Holding, Mr. Sadullayev participated in bilateral meetings with senior government and private sector representatives, highlighting the company’s strategic vision for expanding international partnerships and exploring new avenues for investment cooperation between Azerbaijan and the Gulf region. 

AmCham Azerbaijan hosted its First Conference on Innovations and Artificial Intelligence supported by – Bakcell

On October 2, 2025, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) convened the landmark Conference on Innovations and Artificial Intelligence, proudly supported by Bakcell. The conference gathered senior government officials, global and local business leaders, and AI experts to explore how artificial intelligence is shaping industries and driving sustainable innovation in anticipation of Azerbaijan’s evolving economic agenda.Opening the conference, Ms. Ana Nakashidze, Chairperson of AmCham Innovation and Digital Economy Committee, underscored the pivotal role of digital infrastructure and connectivity in unlocking the full potential of artificial intelligence. She emphasized that a strong, modern telecommunications backbone is the foundation on which innovation can thrive, enabling businesses, institutions, and individuals to adopt AI-powered solutions seamlessly. Ms. Ana also noted that the conference represents an important milestone in bringing together government, business, and technology leaders to ensure that Azerbaijan is not only a consumer of innovation but also a creator of cutting-edge solutions.Following Ms Ana, Mr. Dayanat Sadullayev, President of AmCham Azerbaijan, welcomed participants, emphasizing the country’s commitment to technological progress. He noted: “AI is no longer just a concept—it is shaping industries, redefining business models, and transforming societies. Azerbaijan business community must not only keep pace but also play an active role in this transformation.” Mr. Sadullayev highlighted the role of the conference as more than a dialogue platform, describing it as “a catalyst for shaping the future of our economy and society.” He also noted that, based on the outcomes of the conference, AmCham would consider incorporating discussions on AI and innovation into its White Paper, translating them into actionable recommendations for policymakers and the private sector. Furthermore, Mr. Sadullayev expressed his gratitude to Bakcell, the conference’s supporter and sponsor, and to all partners, panelists, and members who share AmCham’s vision of building a future-ready local business community. The first panel, “The Azerbaijani AI Story – Local Pioneers Driving Innovation,” was moderated by AmCham Marketing, Communications & Business DevelopmenT Committee Chair Ms. Aysel Suleymanova, who noted that AI in Azerbaijan is no longer a distant vision but already producing real results across industries. Panelists shared their experiences of developing and implementing AI-driven projects. Starting the discussion, Mr. Anton Aristov, Managing Director & Partner at BCG, shared insights on Caspian AI Institute’s role in knowledge transfer and ecosystem development. As the conversation progressed, Mr. Fariz Jafarov, Executive Director of the Centre for the Fourth Industrial Revolution (C4IR) Azerbaijan, outlined the center’s efforts to align local AI development with international best practices and policies. Afterwards,Mr. Klaus Mueller, CEO of Bakcell, spoke about integrating AI into telecom services to enhance customer experience and operational efficiency. Building on these perspectives, Mr. Kanan Tabasaransky, Founder of Smart Solutions Group, discussed applying AI in business solutions and start-up ecosystems. Completing the views, Mr. Kanan Aliyev, Director of Reservoir Management at GL Group, demonstrated how AI can optimize processes in oil and gas, particularly in brownfield development. The panel showcased how national vision, private initiative, and international expertise are working hand in hand to advance Azerbaijan’s AI journey. The first panel underscored that Azerbaijan’s AI ecosystem is already producing tangible results and that future progress will depend on strengthening collaboration between national strategy, private sector leadership, and global expertise.The program then moved to a thought-provoking fireside chat with Mr. Klaus Mueller, CEO of Bakcell, and Ms. Tugra Musayeva, Head of Innovations at PASHA Holding, during which the speakers discussed the impact of innovations and AI on Azerbaijan’s digital landscape. The discussion emphasized the need for robust digital infrastructure, cross-sector collaboration, and forward-looking policies to accelerate the country’s transformation into a technology-driven economyThe second panel, “Global Trends & Innovation – Charting the Future,” was moderated by CEO of Neurotime Mr. Vugar Javadov, who framed the discussion by noting that Azerbaijan’s path to digital transformation cannot be isolated from global shifts. The panel addressed how the accelerating pace of technological change is reshaping industries worldwide. Starting the panel, Mr. Rahat Dewan, Co-Founder of AAJIL Saudi Arabia, spoke about the “tech tsunami” and its power to disrupt business models. Following him, Mr. Tural Mammadov, Chief Information Security Officer at SSSCIS, warned of rising risks in AI-powered cybercrime, from voice cloning to deepfakes, and the importance of building resilience. The discussion continued with Mr. Valeh Nabiyev, Chief Data Officer at PASHA Holding, stressing the significance of responsible AI governance and building trust at scale. Thereafter, Mr. Babek Aghayev, Deputy CEO of PRODATA, discussed how geopolitical fragmentation and supply chain vulnerabilities affect technological cooperation. Finalizing the discussions, Ms. Julia Bogdanovskaya, Principal at BCG, reflected on the geopolitical implications of generative AI for Azerbaijan and neighbouring countries. The discussion emphasized that while opportunities are vast, businesses and policymakers alike must cultivate adaptability, resilience, and responsible governance to harness innovation in a way that ensures security, stability, and competitiveness.The conference was concluded by AmCham Board Member Mr. Babek Aghayev who underlined that building an innovation-driven economy powered by AI requires joint efforts to ensure responsible adoption and long-term value creation.Throughout the conference, speakers emphasized the need for joint action, innovation-driven governance, and cross-industry collaboration to maximize AI’s transformative potential. The conference reaffirmed AmCham Azerbaijan’s commitment to providing platforms that strengthen dialogue, drive innovation, and prepare the country’s business environment for the opportunities and challenges of the future.The event’s exceptional success was made possible through, the valued support and sponsorship of Bakcell, whose collaboration was instrumental in organizing such a meaningful and impactful conference.Click for all the media from the eventClick for the highlights from the event

AmCham Members' May Luncheon

On May 22, 2025, the American Chamber of Commerce in Azerbaijan (AmCham) hosted its esteemed May Luncheon, welcoming prominent speakers from GL Group. Mr. Asif Zeynalov, Chief Executive Officer and Chairman of the Advisory Board, was joined by fellow members of the GL Group executive leadership team. The event convened an audience of distinguished business leaders, diplomats, and AmCham members.The luncheon was officially opened by Ms. Gulnara Aslanbayli, Executive Director of AmCham Azerbaijan, who warmly welcomed attendees and highlighted the Chamber’s active role in advocacy. Mr. Oscar Bogopolski, AmCham Board Member, then addressed the audience, extending a warm welcome to guests and expressing gratitude to Mr. Zeynalov and the GL Group team. He emphasized the importance of such events in fostering collaboration among key stakeholders and driving meaningful progress.The presentation of GL Group was opened by Mr. Ilgar Ibrahimli, Group Vice-President for External Affairs and Communications, who introduced the company’s key areas of activity. Following this, Mr. Asif Zeynalov, GL Group’s Chief Executive Officer and Chairman of the Advisory Board, delivered a keynote speech as the event’s Guest of Honour. He shared the story of GL Group’s evolution from a bold idea to an internationally operating group of energy companies. Mr. Gilbert Beuhler, Group Senior Vice-President for Technical Functions and International Operations, also highlighted GL Group’s technological ambition and operational excellence in a dedicated presentation. The luncheon also featured presentations by new AmCham members, including AWE Consulting, AWARA IT, and Train Brain Center, offering them an opportunity to showcase their services and foster new collaborations within the business community.A highlight of the event was the special recognition awarded to GL Group and iTech Group, presented by Mr. Zaur Karimov, Deputy Director of AmCham Azerbaijan. Both organizations will be featured as case studies in the Essentials of Modern Marketing – Azerbaijan Edition, published by Kotler Impact, founded by renowned marketing expert Professor Philip Kotler.The event concluded with a networking lunch, allowing participants to exchange ideas, explore partnerships, and strengthen professional connections.

AmCham Members' April Luncheon

On April 24, 2025, the American Chamber of Commerce in Azerbaijan (AmCham) hosted its highly anticipated April Luncheon, featuring Mr. Jalal Gasimov, CEO of PASHA Holding, as the distinguished guest speaker. The event brought together prominent business leaders, diplomats, and AmCham members.The event was opened by Ms. Gulnara Aslanbayli, Executive Director of AmCham Azerbaijan, who warmly welcomed the guests and highlighted the Chamber’s ongoing advocacy efforts. She underscored the progress of the White Paper 2025, which has already received nearly 130 recommendations from members. Ms. Aslanbayli also emphasized AmCham’s continued commitment to organizing impactful events, including two major conferences focused on the Digital Economy and Tax.Mr. Dayanat Sadullayev, President of AmCham Azerbaijan, extended a warm welcome to all guests and conveyed his sincere thanks to Mr. Jalal Gasimov for joining the event. He stressed that such events are essential for fostering collaboration among stakeholders and driving progress. By bringing together key players from various sectors, these gatherings create opportunities for knowledge sharing and collective action, further advancing Azerbaijan’s business landscape.Mr. Jalal Gasimov delivered a detailed presentation highlighting PASHA Holding’s significant contributions to Azerbaijan’s economy across various sectors, including finance, real estate, hospitality, retail, and more. With a workforce exceeding 22,000 employees, PASHA Holding remains a key driver of employment and economic growth in the countryMr. Gasimov also highlighted the company’s dedication to fostering human capital development, elaborating on PASHA Holding’s various leadership initiatives. These efforts reflect the company’s commitment to empowering the next generation of Azerbaijani leaders.A key focus of Mr. Gasimov’s address was innovation. He showcased PASHA Holding’s initiatives such as Inmerge Innovation Summit, the Caucasus and Inmerge VC fund, and the Cybersecurity Center, which exemplify the company’s commitment to advancing innovationecosystem in Azerbaijan and other countries of operation. Mr.Gasimov also talked about newly established PASHA Innovation company, which aims to drive innovation across the country, address the evolving needs of our assets, as well as of the population, and ultimately enhance the well-being of Azerbaijani citizens.Additionally, Mr. Gasimov reaffirmed PASHA Holding’s steadfast commitment to the country’s development. He highlighted that the company’s CSR strategy focuses on impactful initiatives in education, public health, and women’s empowerment—including a merit-based scholarship program that has supported over 350 students from more than 10 universities over the past three years. A central pillar of their current CSR vision is the revival of Karabakh, underscoring their dedication to social development and national progress.The event continued with AmCham’s traditional luncheon presentations, providing a platform for both new and long-standing members to showcase their contributions and expertise. Deloitte Azerbaijan introduced its "Best Managed Companies" program, recognizing top privately owned Azerbaijani businesses for excellence in governance, operations, and leadership. ADA Primary School also took the stage to discuss the importance of educational initiatives in shaping future leaders.The event concluded with a networking lunch, offering participants an opportunity to engage in meaningful discussions, explore potential partnerships, and strengthen connections within the business community.AmCham Azerbaijan remains committed to facilitating opportunities for productive engagement between the government and private sector. Events like this luncheon continue to demonstrate the Chamber’s role in fostering dialogue, collaboration, and innovation across industries.

AmCham Cocktail Reception on Nowruz Celebration

On March 19, 2025, AmCham Azerbaijan hosted an unforgettable Cocktail Reception to celebrate the vibrant and joyous occasion of Nowruz. This annual gathering brought together the esteemed CEOs, executives, and associates from AmCham member companies, along with board members and committee chairpersons, creating a dynamic atmosphere of unity and celebration.AmCham Azerbaijan’s Operations Director, Mr. Zaur Karimov, officially opened the event, greeting guests with warmth and enthusiasm. In his speech, he highlighted the rich cultural importance of Nowruz in Azerbaijan and assured everyone that the evening would be filled with captivating entertainment and unforgettable moments, promising a celebration to remember.President of AmCham Azerbaijan, Mr. Dayanat Sadullayev, addressed the guests with heartfelt congratulations on the occasion of Nowruz. His words resonated with the spirit of the season, as he expressed his excitement for the arrival of spring and the renewed energy it brings.A particularly poignant moment of the evening was the heartfelt presentation of thank-you plaques, honoring the exceptional contributions made to the committee's activities. These prestigious plaques were presented to Ms. Fidan Tofidi, Deputy Chairperson of the Sustainable Development & Corporate Impact Committee, and Mr. Turkhan Ahmadov, Deputy Chairperson of the AmCham Marketing, Communication, and Business Development Committee, in deep recognition of their unwavering dedication, tireless efforts, and remarkable leadership.The evening continued with a delightful array of traditional performances, including mesmerizing rhythms from national drum instruments, captivating dance music, and a lively DJ show that kept the festive spirit high.A particularly exciting highlight of the event was the special lottery. This year, AmCham Azerbaijan hosted two separate lotteries: one exclusively for committee chairs and another open to all guests. Lucky winners had the opportunity to win exclusive prizes, generously provided by AmCham Azerbaijan.The Cocktail Reception was a true celebration of Azerbaijan’s rich cultural heritage and the promise of a bright and prosperous year ahead. It was an evening full of warmth, laughter, and shared joy, leaving all who attended with cherished memories of a remarkable Nowruz celebration.Click for all the media from the eventClick for the highlights from the event

AmCham Members’ March Luncheon

On March 4, 2025, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) held its monthly Members’ Luncheon, bringing together esteemed guests, ambassadors, and business leaders. The event featured The Honorable Guest Speaker, Mr. Rahman Hajiyev, Chairman of the Executive Board of the Karabakh Revival Fund.The event commenced with a warm welcome from Mr. Zaur Karimov, Deputy Director of AmCham Azerbaijan, who extended his best wishes for the upcoming Novruz holiday and expressed appreciation for the contributions of AmCham members. In his remarks, Mr. Karimov provided an overview of the Chamber’s ongoing activities and key initiatives, including the development of the AmCham White Paper 2025. He encouraged members to actively participate in shaping policy recommendations, reinforcing AmCham’s commitment to fostering a dynamic and business-friendly environment. Additionally, he highlighted the Chamber’s continuous growth by announcing upcoming events and welcoming new members, further strengthening AmCham’s expanding network and influence.Afterward, AmCham Azerbaijan President, Mr. Dayanat Sadullayev, warmly welcomed the audience and the distinguished guest speaker at the Luncheon, expressing his sincere appreciation for their valuable collaboration. He highlighted the importance of Karabakh’s reconstruction and sustainable development, calling it one of the most transformative initiatives in Azerbaijan’s modern history. Mr. Sadullayev reaffirmed AmCham’s commitment to driving economic growth and social progress by promoting investment, technological innovation, and expertise in the region.Mr. Dayanat Sadullayev underscored the unique opportunities Karabakh’s recovery presents for collaboration between the public and private sectors, both locally and internationally. He also highlighted AmCham’s longstanding engagement with the Karabakh Revival Foundation, noting that AmCham was the first business association to visit Aghdam following its liberation. Through this collaboration, members have gained firsthand insights into various restoration projects. Mr. Rahman Hajiyev expressed his gratitude to AmCham members and guests, outlining the strategic priorities of the Karabakh Revival Fund. He detailed key areas of focus, including infrastructure development, economic revitalization, and community rebuilding efforts. Additionally, he highlighted several successfully completed projects that have laid the groundwork for long-term sustainable growth in the region.The discussion underscored Karabakh’s potential as a new investment hub, with promising opportunities in agribusiness, tourism, renewable energy, and technology. The Fund remains committed to attracting both local and international investors to accelerate the region’s development. Recognizing the vital role of collective efforts, Mr. Hajiyev emphasized the importance of strengthening public-private partnerships and fostering philanthropy to support infrastructure projects, education, and social initiatives. He called on businesses, investors, and stakeholders to unite in rebuilding Karabakh and advancing its sustainable growth.At the conclusion of the luncheon, Mr. Dayanat Saddulayev expressed his sincere appreciation to Mr. Rahman Hajiyev and all participants for their engagement in the event.The luncheon also included a special photo exhibition titled “From Tragedy to Victory,” highlighting the restoration and reconstruction efforts in the liberated territories.AmCham Azerbaijan continues to serve as a leading platform for dialogue and collaboration, supporting initiatives that drive economic resilience and long-term prosperity. This event reaffirmed AmCham’s commitment to fostering investment, innovation, and sustainable business practices in Karabakh and beyond.Click for all the media from the eventClick for the highlights from the event