AmCham Azerbaijan is pleased to announce the establishment of the Food and Agriculture Working Group and the appointment of its Chairperson

AmCham Azerbaijan is pleased to announce the establishment of the Food and Agriculture Working Group, created within the Chamber's strategic Food and Agriculture agenda for 2026–2028 to support the sustainable and competitive development of Azerbaijan's Agro-Food sector. The Working Group will serve as a collaborative platform bringing together AmCham member companies, government institutions, and industry stakeholders to strengthen Business-to-Government dialogue and contribute to practical, business-oriented solutions for the sector. Its activities will focus on advancing Agro-innovations and technologies (Agriculture 4.0),improving access to finance and insurance market, supporting export competitiveness and alignment with international standards, promoting sustainable agricultural practices and ESG principles, and enhancing cooperation to address key challenges facing Azerbaijan's food and agriculture ecosystem. Through these efforts, the Working Group aims to contribute to the diversification and long-term development of Azerbaijan's non-oil economy in line with the country's national development priorities.In this regard, Dr. Elkhan Mikayilov, Director General of ASR Development Consulting Group, has been appointed as Chairperson of the Food and Agriculture Working Group.About the Chairperson:Dr. Elkhan Mikayilov, a distinguished expert in public administration, economic reform, and international trade policy, with more than 20 years of leadership and advisory experience in macroeconomic regulation, business and investment climate reform, and international trade policy, including Azerbaijan's WTO accession and EU integration processes.Elkhan is currently the Director General of ASR Development Consulting Group. He previously served as Head of Department at the Administration of the President of the Republic of Azerbaijan, coordinating the country's National Strategic Road Maps across 11 economic sectors, and as Chief of Staff at the Food Safety Agency of the Republic of Azerbaijan, where he led an institution of more than 1,000 staff and oversaw its institutionalization under ISO 9001 and ISO 37001 standards. He has also served as local head of the WTO Group under USAID trade programs and as National Program Manager for the Swiss State Secretariat for Economic Affairs (SECO), coordinating major World Bank, IMF, and IFC projects on investment climate and private sector competitiveness.Elkhan holds a Ph.D. in Economics from the Scientific Research Institute of Economic Reforms, as well as Bachelor's and Master's degrees with honors from Azerbaijan State University of Economics (UNEC). Elkhan will chair AmCham Azerbaijan's newly established Food and Agriculture Working Group.We are pleased to welcome Dr. Elkhan Mikayilov to our community and look forward to his contributions to the Chamber's work on food and agriculture activity direction

AmCham Tax and Customs Committee Hosted Meeting titled “Corporate Formations and Asset Transfers: Tax Consequences, Basis Rules, and Risk Areas.”

On June 30, 2026, the AmCham Tax and Customs Committee Hosted Meeting titled “Corporate Formations and Asset Transfers: Tax Consequences, Basis Rules, and Risk Areas.”The event brought together AmCham member companies, tax professionals, legal practitioners, and private sector representatives to discuss the tax, legal, and practical considerations associated with corporate formations and asset contribution transactions under Azerbaijani legislation.The session commenced with opening remarks delivered by Ms. Sabina Khalilova, Chairperson of the AmCham Tax and Customs Committee, who welcomed participants and highlighted the importance of understanding the tax implications of corporate restructuring and asset transfers in ensuring effective business planning, compliance, and risk management.During the meeting, Ms. Isli Mahammadrasulova, Tax Chief Specialist at NEQSOL Holding, delivered a comprehensive presentation on the commercial rationale behind corporate formations and asset contribution transactions. She explored tax-neutral transfer mechanisms, tax basis implications, valuation and capital formation issues, VAT considerations, and common risk areas arising under Azerbaijani tax legislation. Drawing on practical experience, Ms. Mahammadrasulova also shared insights into effective transaction structuring, tax risk management strategies, and key considerations for minimizing potential tax exposures.The meeting concluded with an interactive Q&A session, providing participants with the opportunity to discuss practical challenges, exchange professional perspectives, and seek expert guidance on corporate structuring and taxation matters.

AmCham Azerbaijan Announces the Election of its First Vice President and Vice President for the 2026–2028 Term

The American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) is proud to announce the election of Mr. Oscar Bogopolski, Chief Executive Officer of McDonald's Azerbaijan, as First Vice President, and Mr. Niyazi Amirbayov, Chief Executive Officer of AgroDairy, as Vice President for the 2026–2028 term, marking an important milestone in the Chamber's continued commitment to strong leadership, effective governance, and strategic growth.In their new leadership roles, Mr. Bogopolski and Mr. Amirbayov will work closely with the President and the Board of Directors to advance the Chamber’s strategic vision, strengthen engagement with members and stakeholders, and reinforce AmCham Azerbaijan’s mission of fostering a transparent, competitive, and sustainable business environment.Together with the newly elected Board of Directors, they will play a pivotal role in shaping the Chamber’s future by driving strategic initiatives, strengthening public-private dialogue, advancing policy advocacy, expanding member value, and promoting innovation and collaboration across Azerbaijan’s business community. Their leadership will further reinforce AmCham Azerbaijan’s position as the leading voice of the international business community and a trusted partner in supporting the country’s economic development.AmCham Azerbaijan warmly congratulates Mr. Oscar Bogopolski and Mr. Niyazi Amirbayov on their election and wishes them every success in their new roles. The Chamber is confident that their leadership, extensive expertise, and strategic vision will make a lasting contribution to AmCham Azerbaijan’s continued growth, influence, and success, while creating greater value for its members and the broader business community.

AmCham Banking, Finance and Insurance Committee Hosted Meeting on Property Insurance and Risk Protection

On June 30, 2026, the AmCham Banking, Finance and Insurance Committee organized a meeting titled “Property Insurance and Risk Protection: Ensuring the Safety of Homes and Businesses.”The event brought together representatives from the Ministry of Emergency Situations, the Central Bank of Azerbaijan, PASHA Insurance, PASHA Property Management, the Azerbaijan Insurers Association, AmCham member companies, and private sector professionals to discuss current property risks, the role of insurance protection, and sustainable approaches to risk management.The session commenced with opening remarks delivered by Mr. Vugar Namazov, Chairperson of the AmCham Banking, Finance and Insurance Committee, who welcomed participants and emphasized the importance of strengthening cooperation between the public and private sectors in promoting risk awareness, enhancing property protection, and supporting the development of Azerbaijan’s insurance market.During the meeting, Mr. Vusal Gurbanov, Director General of the Central Bank of the Republic of Azerbaijan, presented the regulatory perspective on the development of the property insurance market and shared insights into ongoing initiatives aimed at strengthening the sector. Mr. Rustam Mammadov, Deputy Chairman of the Management Board of PASHA Insurance OJSC, highlighted the importance of property insurance for businesses and property owners, emphasizing its role in protecting assets and improving financial resilience. The event also featured a panel discussion titled “Property Protection and Sustainable Approaches,” moderated by Mr. Ruslan Alakbarov, Director of Marketing and Customer Satisfaction Department at PASHA Insurance OJSC. The discussion brought together Mr. Abas Miskarli, Chairman and Executive Director of the Azerbaijan Insurers Association; Mr. Elbey Bababeyov, Head of the Legal Department of the State Agency for Construction Safety Control of the Ministry of Emergency Situations; Mr. Tural Aliyev, Chief Executive Officer of PASHA Property Management; and Mr. Aydin Rahmanov, Chief Executive Officer of Qala Life Insurance. Panelists explored key misconceptions surrounding property insurance, effective risk management practices, opportunities for strengthening cooperation among stakeholders, and practical approaches to enhancing resilience against property-related risks. The meeting concluded with an interactive Q&A session, providing participants with the opportunity to engage directly with the speakers and exchange views on current challenges and future priorities for advancing property insurance and risk protection in Azerbaijan.

AmCham Azerbaijan Education & Vocational Working Group’s June meeting

On June 23, 2026, the AmCham Education & Vocational Working Group organized a meeting titled “Education Leadership”. The purpose of the meeting was to reflect on the Education & Vocational Working Group’s activities and achievements throughout the year, assess the outcomes of its key initiatives and partnerships, and exchange perspectives on future priorities for strengthening education, skills development, and workforce readiness in Azerbaijan. The session also provided an opportunity to recognize the contributions of partner organizations and highlight successful collaborative efforts between the education sector and the business community.The session commenced with welcoming remarks delivered by Mr. Francesco Banchini, who welcomed participants and reflected on the Working Group’s activities throughout the year, emphasizing the importance of collaboration between the education sector, businesses, and industry stakeholders in preparing future talent and supporting workforce development in Azerbaijan.During the meeting, Mr. Banchini and the Deputy Chairpersons of the Working Group jointly delivered a comprehensive presentation highlighting the key initiatives, achievements, and collaborative projects implemented throughout the year. The speakers shared data-driven insights gathered through various activities and provided an overview of the impact of the Working Group’s efforts on students, educational institutions, and industry partners.The presentation also featured reflections and feedback from students participating in educational programs, as well as insights into skills expectations and workforce readiness requirements in emerging markets. Particular attention was given to the outcomes of pilot initiatives conducted during the year, key lessons learned, and opportunities for further development and collaboration.In addition, the speakers recognized and celebrated partner companies and organizations whose active engagement and support contributed significantly to the success of the Working Group’s projects and initiatives.The meeting concluded with an interactive discussion on future priorities and opportunities for strengthening cooperation between education providers and the business community, reaffirming the Working Group’s commitment to advancing education and vocational development in Azerbaijan.

AmCham Azerbaijan Elects New Board of Directors and President at 2026 Annual General Meeting

American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) successfully held its Annual General Meeting (AGM) on June 17, 2026, bringing together members of the Chamber for one of the organization's most important annual events. The AGM featured the election of the new Board of Directors and President, marking the beginning of a new chapter for the Chamber's leadership.The Annual General Meeting opened with welcoming remarks from Mr. Zaur Karimov, Executive Director of AmCham Azerbaijan. He warmly welcomed members and guests, expressed appreciation to the outgoing Board of Directors for their dedication and service to the Chamber, and recognized the candidates standing for election for their willingness to contribute to AmCham's future development. Mr. Karimov highlighted the Chamber's achievements over the past year and underscored the importance of strong leadership and member engagement in advancing the organization's mission.The meeting was chaired by Mr. Emil Huseynov from Azerbaijani HR Institute, who was elected Chairman of the General Meeting. Mr. Adil Huseyn and Ms. Saadat Mutalimova served as tellers. During the proceedings, Mr. Huseynov introduced the 15 candidates competing for 10 available seats on the Board of Directors.The outgoing President of AmCham Azerbaijan, Mr. Dayanat Sadullayev highlighted the Chamber's key accomplishments and milestones achieved during his tenure. In his farewell address, he reflected on the initiatives undertaken under his leadership, expressed sincere appreciation to the AmCham community for its unwavering commitment and support, and extended his best wishes to the incoming Board as they continue advancing the Chamber's mission and strategic priorities.The election process was conducted through a confidential ballot among the authorized representatives of AmCham's Regular Members—respected business leaders recognized for their strong reputation and standing within the business community.Following the vote count, the Chairman officially announced the newly elected Board of Directors, who will serve a two-year term from 2026 to 2028:Nuran Kerimov, Managing Partner, Deloitte Oscar Bogopolski, CEO, McDonald's AzerbaijanNiyazi Amirbayov, CEO, AgroDairyImran Ahmadzada, Head of NEQSOL Holding Azerbaijan and CFO of NEQSOL Holding GlobalElyar Aliyev, Vice President Legal, bp Azerbaijan, Georgia and Türkiye RegionSharaf Asgarova, Corporate Affairs Manager, PMIIlham Azizov, Founder and Director, iTech Group LLCRamil Eyyubov, Regional Director, Caucasus and Central Asia, CiscoGunay Jalilova, Deputy CEO, Yelo BankOrkhan Mikayil, CEO, Aqualink LLCIn the second part of the election process, Mr. Nuran Kerimov, Managing Partner at Deloitte, was elected President of AmCham Azerbaijan for the upcoming term. As AmCham Azerbaijan looks ahead, the Chamber remains committed to strengthening the business environment, fostering public-private dialogue, and supporting the continued development of trade and investment opportunities in Azerbaijan.

AmCham Human Resources and Labor Committee Holds June Meeting on Leadership Presence and Nonverbal Communication

On June 9, 2026, the AmCham Human Resources and Labor Committee organized a meeting titled “Leadership Presence: Beyond Verbal Communication” .The event featured Mr. Anar Heydarov, Business Strategy, Leadership and Global Body Language Expert, as the guest speaker.The session commenced with welcoming remarks delivered by Ms. Samira Shabanova, Deputy Chairperson of the AmCham Human Resources and Labor Committee, who welcomed participants and highlighted the importance of leadership presence, effective communication, and self-awareness in fostering stronger workplace relationships and organizational success.During the meeting, Mr. Heydarov delivered an engaging presentation exploring the role of nonverbal communication in leadership effectiveness and organizational culture. He highlighted how a leader’s posture, eye contact, gestures, voice, and overall presence can influence trust, motivation, engagement, decision-making, and team performance. Drawing on practical examples and professional experience, he demonstrated how leaders communicate far beyond words and how nonverbal signals can shape workplace dynamics and employee perceptions.The discussion also focused on the concept of leadership presence as a learnable competency rather than an innate characteristic. Participants were introduced to the Leadership Presence Audit (L.P.A.) Model, a practical framework developed by Mr. Heydarov to assess the psychological climate created by a leader’s nonverbal behavior and its impact on organizational outcomes.Throughout the session, participants took part in interactive exercises and discussions designed to increase awareness of their own communication styles and leadership behaviors. The meeting provided valuable insights into the relationship between emotional transmission, organizational culture, and leadership effectiveness.The event concluded with an engaging Q&A session, during which participants exchanged views with the speaker, shared professional experiences, and explored practical approaches to strengthening leadership presence and communication skills in the workplace. The interactive discussions reflected a strong interest in the topic and contributed to a dynamic and insightful exchange of perspectives.AmCham Azerbaijan would like to express its sincere gratitude to Mr. Anar Heydarov for his valuable contribution to the Committee meeting and for sharing his extensive expertise with participants. Through his engaging presentation, practical examples, and interactive approach, Mr. Heydarov provided attendees with meaningful insights into the critical role of leadership presence, nonverbal communication, and self-awareness in today’s professional environment. His thought-provoking perspectives and practical recommendations encouraged participants to reflect on their own leadership styles and communication practices, making the session both informative and impactful. AmCham highly appreciates Mr. Heydarov’s time, dedication, and willingness to contribute to the professional development of the business community. 

AmCham Azerbaijan co-hosted the “Technovation by PMI” Advancing Science and Innovation for Sustainable Economic Transformation

On June 11, 2026, The American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) co-hosted globally recognized “Technovation by PMI” in Baku, bringing together business leaders, policymakers, and experts to explore the role of science and innovation in shaping the future of economy and industries.“Technovation by PMI” forms part of a broader series of international forums focused on advancing dialogue around innovation, science, and regulation. Discussions highlighted how technological progress, supported by robust scientific research, can contribute to gradual transformation of economies, business models while furthering societal interest. Participants also explored the importance of regulatory clarity and evidence-based policymaking in fostering innovation and ensuring that new technologies can deliver their potential benefits effectively.Welcoming participants to the forum, Mr. Dayanat Sadullayev, President of AmCham Azerbaijan, underscored the value of constructive dialogue and collaboration among government institutions, the business community, and international partners in advancing innovation-driven growth. Afterwards, Mr. Huseyn Huseynov, Advisor to the Minister of Economy of the Republic of Azerbaijan, reflected on Azerbaijan’s ongoing economic development priorities and the growing role of the non-oil sector in driving long-term prosperity. Mr. Alexey Kim, Director of External Affairs for the CIS at PMI, highlighted the importance of regulation and taxation that encourages innovation, creates deeper public-private partnerships, and benefits society at large.The first panel, dedicated to “Economic diversification through the Promotion and Development of the Non-Oil and Gas Sector”, explored the opportunities and policy priorities driving Azerbaijan’s economic transformation. The discussion featured perspectives from both government and industry representatives, including Mr. Elnur Soltanov, Deputy Minister of Energy of Azerbaijan; Mr. Valeh Alasgarov, Chairman of the Board of the Alat Free Economic Zone Authority; and Mr. Fariz Jafarov ,Executive Director of Azerbaijan Center for the Fourth Industrial Revolution (C4IR Azerbaijan). The panel was moderated by AmCham IDE Committee Deputy Chairperson, Head of Innovations at Pasha Financial Holding Ms. Tugra Musayeva. The second panel on “Corporate Transformation towards Harm Reduction and Sustainable Growth” examined how companies are leveraging innovation, technology, and scientific advancements to adapt to evolving market demands, enhance sustainability, and create long-term value. The discussion featured Ms. Marianna Kerimova, Transformation and Technology Manager at bp; Dr. Uygar Durgunay, Executive Managing Officer at Acwa; and Ms. Tomoko Iida, Director of Scientific Engagement at PMI. Moderator of the second session was  Mr. Oleksii Kalynichenko, Head of Market Activation and Support for South Asia, Indochina, CIS, and the Middle East & Africa of PMI. “Technovation reflects our commitment to science-led innovation and open dialogue. Evidence-based regulation plays a critical role in this journey—providing the clarity and predictability needed to enable innovation and provide access to better alternatives” commented Mr. Yuri Gordok, Managing Director of the PMI Affiliates in Caucasus. The event concluded with closing remarks by Mr. Zaur Karimov, Executive Director of AmCham Azerbaijan, who emphasized the importance of such initiatives in strengthening Azerbaijan’s position as a hub for forward-looking dialogue and innovation, bringing together global expertise and local perspectives. He also expressed his appreciation to the distinguished speakers, participants, government representatives, and PMI for their valuable contributions and support, noting that the success of the event reflects a shared commitment to fostering innovation, advancing knowledge exchange, and supporting Azerbaijan’s sustainable economic development.The event – attended by more than 150 participants, including senior business executives, government officials, and other key stakeholders, as well as local and international media representatives – is a testimony to the importance and timeliness of this conversation. In 2026, Technovation was already hosted in the USA and Sweden.        

AmCham Azerbaijan Participated in the 31st International Caspian Oil & Gas Exhibition as Part of Baku Energy Week 2026

On June 1-3, 2026 the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) participated in 31st International Caspian Oil and Gas Exhibition – one is the largest event in the energy sector in the Caspian region. This year, 274 companies from 44 countries confirmed their participation in the event, bringing together global energy leaders, government institutions, investors, and industry experts. The event is traditionally supported by the Ministry of Energy of the Republic of Azerbaijan, while the State Oil Company of the Republic of Azerbaijan (SOCAR) serves as the General Partner.AmCham Azerbaijan proudly participated in Baku Energy Week as both an exhibitor and information partner. This role reflects the Chamber’s strong engagement with Azerbaijan’s energy sector and the active involvement of numerous leading energy companies among its membership. Through its participation, AmCham continued to support dialogue, cooperation, and the exchange of ideas among key stakeholders in the energy industry.The official opening ceremony of the 31st International Caspian Oil & Gas Exhibition, held within the framework of Baku Energy Week, took place at the Baku Expo Center with the participation of the President of the Republic of Azerbaijan, Mr. Ilham Aliyev. The President’s presence once again underscored the strategic importance and international standing of Baku Energy Week as one of the region’s leading energy platforms. Bringing together government officials, global energy leaders, investors, and industry experts, the event continues to play a pivotal role in fostering international energy dialogue, strengthening strategic partnerships, and advancing cooperation across the global energy sector.During the exhibition, Iteca Caspian and Caspian Event Organizers (CEO) marked the occasion of AmCham Azerbaijan’s 30th anniversary by presenting the Chamber with a commemorative gift in recognition of its longstanding contribution to the development of Azerbaijan’s business environment and international cooperation. 

AmCham Azerbaijan Hosted a Conference on Bridging the Gap Between Legal Education and Business Expectations

On June 5, 2026, AmCham Azerbaijan organized a conference titled “Bridging the Gap: Legal Education and Business Expectations”, initiated by the Chamber’s Legal & Compliance Committee.The event commenced with opening remarks delivered by Mr. Zaur Karimov, Executive Director of AmCham Azerbaijan, who welcomed participants and highlighted the importance of strengthening the link between legal education and the evolving needs of the business community. In his remarks, Mr. Karimov also expressed sincere appreciation to the relevant government institutions, the leadership of AmCham Azerbaijan’s Legal & Compliance Committee, academic partners, legal professionals, and all stakeholders who contributed their expertise and valuable input to the organization of the conference. He further acknowledged the invaluable contribution of Azerbaijan’s legal, regulatory, and academic institutions, whose continued collaboration has been instrumental in advancing AmCham’s legal and compliance agenda.The conference was opened with remarks from Mr. Anar Baghirov, Chairman of the Azerbaijani Bar Association, who addressed several pressing challenges facing the legal education sphere. He shared his perspectives on the existing gaps between academic training and practical legal work, underscoring the need for continuous modernization of legal education to better equip graduates for the realities of the profession.The conference featured two panel discussions and an interactive session bringing together representatives from government institutions, academia, legal associations, law firms, and the corporate sector.The first panel discussion, moderated by Ms. Bahar Kavuzova, Chairperson of the AmCham Legal & Compliance Committee, focused on “Expectations from the Next Generation of Legal Professionals.” The discussion brought together Mr. Fazil Hasanaliyev, Head of the Scientific-Educational Center of the Prosecutor General’s Office of the Republic of Azerbaijan; Mr. Amir Aliyev, Director of the Training Center of the Azerbaijani Bar Association; and  Mr. Rashad Ibadov, Dean of the Faculty of Law at ADA University. The panel explored the competencies, practical skills, and professional qualities expected from future legal professionals and examined how legal education can evolve to better address the needs of both the public and private sectors.The conference continued with an interactive session titled “The Employer of the Future Meets the Lawyer of the Future,” featuring  AmCham Board Member Mr. Kamil Valiyev, Co-Managing Partner for Azerbaijan at Dentons Baku Office, Mr. Tural Damirov, Treasurer of ELSA Azerbaijan, and Ms. Aynur Aliyeva, Secretary General of ALSA Azerbaijan. The discussion provided valuable perspectives on the expectations of employers and young legal professionals, highlighting opportunities for closer collaboration between educational institutions and the legal profession.The second panel discussion, moderated by Mr. Fuad Gashamov, Deputy Chairperson of the AmCham Legal & Compliance Committee, addressed “Current Challenges in the Professional Development of Legal Professionals.” The panel featured Ms. Leyla Hasanova Shahingoz, Head of Corporate Legal and M&A Department at NEQSOL Holding; Mr. Ilham Huseynov, Director of Legal Affairs Department at PASHA Bank; and Mr. Seymur Niftaliyev, Director of KPMG Law Azerbaijan & KPMG Law Uzbekistan and Member of the Azerbaijan Bar Association. The speakers discussed the challenges faced by employers in developing legal talent, the growing importance of practical experience and specialized skills, and the role of legal education in supporting the professional growth of legal practitioners.The conference concluded with closing remarks by Mr. Kamil Valiyev, who reflected on the diverse perspectives shared throughout the event and underscored the value of open dialogue in addressing the changing needs of the legal profession. He expressed appreciation to the speakers and participants for contributing to a meaningful exchange of ideas and practical insights.