The American Chamber of Commerce in Azerbaijan is the country’s leading business association, which supports and promotes interests of the business community. Founded in 1996, the American Chamber of Commerce is comprised of over 250 members active in almost all sectors of the economy. Industrial sectors represented by our committees through which we prepare extensive comments and suggestions on draft laws under the discussion of the Parliament. AMCHAM represents 80% of all foreign and a significant portion of local investment in Azerbaijan. Through our industry sector committees, our members are able to share information, raise issues of common 

Our Special Guest Speaker this month is Ms. Aliya Azimova, Country Manager for Azerbaijan of International Finance Corporation (IFC) who will share the main priorities of IFC activities in the country. Thriving to constantly alert and update our members on the latest  changes and developments that are relevant to their business we have also requested one of our GSM operators, NarMobile,  to make a presentation on the recently introduced requirements on International Mobile Equipment Identity (IMEI) registration for mobile phones .

Aliya Azimova has been IFC’s Representative in Azerbaijan since 1997.  She is responsible for an overall IFC program in the country which over the Read More

April meeting covered several points of discussions. The main feature was the introduction of a ‘Paper Recycling’ project and involvement of members in its further implementation.                                                                                                

April discussions covered below topics
• Brief overview from the meeting on ‘Current and Upcoming Migration Reforms’
• Whitepaper: introduction and working group formation

April meeting of the committee featured presentation on ‘IT Finance: issues and challenges’ by Otabek Sidikov, PwC Azerbaijan followed by a Q/A session on the subject.

March discussions of the BFI Committee meeting were devoted to ‘Assessing creditworthiness of loan to customers: current practice versus contemporary trends. Adoption of effective interest for loans to customers and advocacy issues’ presented by Elchin Ibadov, PwC.