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Tax & Customs

The Tax and Customs Committee proactively addresses both existing and new tax and customs issues by maintaining a dialog with the State Tax Service, Ministry of Finance and State Customs Committee and promotes change in the tax and customs system through consistent interpretation and application of existing regulations.The committee is doing this job in several ways: by engaging its members in various legislative initiatives aimed at improving the business climate, sharing experiences across the member base on challenging tax and customs issues and establishing dialog between the business community and the governmental bodies and ministries.Powered by Froala Editor

Human Resources and Labor

The Human Resources Committee meetings are devoted to the exchange of ideas and information related to the development and management of human resources in Azerbaijan. Committee members‘ practical experiences are frequently drawn upon as a basis for presentations and discussions. A new aspect of the committee’s activity is the preparation of commentary on legislation, including the revised Labor Code. The Committee enables AmCham members to share best practices and resources in the field of human resources management.  Its efforts focus on providing essential information to AmCham members and participating Committee members through:Annual National Employee Salary SurveysQuarterly Inflation SurveysResources on the current Azerbaijani labor law legislationTraining Sessions on HR Management (delivered by committee members on voluntarily basis)Best Practices presentations (delivered by committee members)Sharing human resource management expertise with local educational institutionsThe Annual National Employee Salary Survey is presented at a fourth quarter luncheon.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. 

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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

IFTAR AT COURTYARD BAKU

19 March 2024

Passion moves us forward

19 March 2024

Spring Happenings at Four Seasons Hotel Baku

12 March 2024

Dive into Digital with Cubics: Simple Solutions, Big Results

7 March 2024

March Happenings at Four Seasons Hotel Baku

5 March 2024

Women's Day Happenings at Four Seasons Hotel Baku

19 February 2024

Unlocking Productivity and Connection: How SmartPoint Intranet Transforms Corporate Culture

19 February 2024

PwC INVITATION to Online Webinar: Mastering Dispute Resolution: Unveiling the Innovation of the Legal Consortium for Arbitration and Mediation (LCAM)

15 February 2024

Cyber and Technology News Digest for January

14 February 2024

February Happenings at Four Seasons Hotel Baku

13 February 2024

SMART business – a partner in building a comprehensive IT ecosystem of solutions for transforming business processes

12 February 2024

Key Transfer Pricing Compliance Aspects for 2024

30 January 2024

Book ski instructors directly on Shahdag website!

30 January 2024

Heydar Aliyev Cup - Registration Now Open!

29 January 2024

February Happenings at Four Seasons Hotel Baku

29 January 2024

Live stream: IFRS Consolidation in Practice with SAP BPC

9 January 2024

January Happenings at FS Baku

8 January 2024

SİMA İmza became the winner of the MilliNet and NETTY competitions

19 December 2023

Top law firm in Central Asia - Chambers Asia-Pacific 2024 ranks Dentons as a leader in the region

14 December 2023

Dentons affirms its strong standing in Europe in 2023 edition of IFLR1000.

14 December 2023

Festive Happenings at Four Seasons Hotel Baku

11 December 2023

Festive Happenings at Four Seasons Hotel Baku

6 December 2023

Exciting Partnership Alert: Bloom Group is now partners with BBDO CA, part of BBDO Worldwide – the most awarded global advertising agency

30 November 2023

Festive Season at Hilton Baku

30 November 2023

Get a business loan from PASHA Bank with “SİMA İmza” without leaving the office!

28 November 2023

FOUR SEASONS HOTEL BAKU DECEMBER HAPPENINGS

27 November 2023

Number of users of SİMA İmza application has exceeded 500,000

23 November 2023

AzInTelecom starts cooperation with an influential company of South Africa

22 November 2023

Introducing Festive Offers at Four Seasons Hotel Baku

20 November 2023

Apply for a loan with SİMA İmza without providing any documents!

20 November 2023

Discover the world of opportunities at InMerge Innovation Summit!

20 November 2023

"Educational Management Summit" will be organized jointly by Roof Academic Training Educational Company and Facemark

20 November 2023

Purchase a house with SİMA İmza in the SHCA “Affordable Housing” system!

17 November 2023

FOUR SEASONS HOTEL BAKU NOVEMBER HAPPENINGS

6 November 2023

November Happenings at Four Seasons Hotel Baku

30 October 2023

SOME AMENDMENTS AND CHANGES TO THE TAX CODE OF THE REPUBLIC OF AZERBAIJAN FOR 2024

26 October 2023

EY announces the launch of EY Entrepreneur Of The Year™ 2023-2024

4 October 2023

Prevent someone else from signing a document on your behalf with SİMA İmza!

2 October 2023

“CEHİZ” LAYİHƏSİ": DIALOGUE BETWEEN GENERATIONS AND STUDYING DOWRY CULTURE IN AZERBAIJAN

22 September 2023

VOLVO: For Life

20 September 2023

Hospitality Law in Azerbaijan

20 September 2023

5000 AZN gift for teachers and their family members at Greenville Residence!

20 September 2023

12.5 thousand IMEI codes connected to the network with more than 1.3 million numbers were assigned the “clone” status

19 September 2023

International Astronautical Congress in Baku brings excitement and business opportunities

11 September 2023

SEPTEMBER HAPPENINGS AT FS HOTEL BAKU

11 September 2023

Log in the electronic cabinet on E-taxes.gov.az using SİMA Token!

11 September 2023

74th International Astronautical Congress

5 September 2023

SEPTEMBER HAPENINGS AT FOUR SEASONS HOTEL BAKU

4 September 2023

Motorcycle Festival at Shahdag Mountain Resort

24 August 2023

Founding partner of Legalize Law Firm becomes a Fellow of the Chartered Institute of Arbitrators

18 August 2023

Deadline for Sponsorship and Exhibition Application at the 74th International Astronautical Congress extended

18 August 2023

Amelioration and Water Farm partially transferred its informatıon systems to the Government Cloud

17 August 2023

ROOF Academic Training yeni TOP TALKS layihəsi ilə qarşınızdadır

15 August 2023

Opening new bank accounts has become easier with SİMA

15 August 2023

Veyseloglu Group of Companies Announces its Monthly Retail Price Index

8 August 2023

Never Ending Summer Happenings at Four Seasons Hotel Baku

7 August 2023

Legal Updates presented by BAKER TILLY

4 August 2023

Digitalization on Boards 5th Edition by Amrop

2 August 2023

Enhance Your Career in Auditing: Enroll in EKVITA Academy's Training Program

31 July 2023

Destination Fabulous Summer Happenings at Four Seasons Hotel Baku

31 July 2023

Limited Time Offer by PASHA Property Management for AMCHAM Members at Knightsbridge Residence

26 July 2023

EKVITA CONDUCTS ANTI-BRIBERY COMPLIANCE TRAINING FOR PRIVATE AND PUBLIC SECTOR ORGANIZATIONS.

11 July 2023

Exclusive Offer for AmCham Members: 5% Discount on Greenville Premium Residence Apartment Purchases

6 July 2023

Tax and Legal newsletter presented by BAKER TILLY

6 July 2023

5 tools to increase corporate sales with Cubics BMS

25 June 2023

Tax and Accounting Bulletin 2023

23 May 2023

Latest changes to legislation in April 2023

4 May 2023

Trade in your premium car to Volvo and get a special discount of 2 000 AZN

1 May 2023

SPRING HAPPENINGS AT FS HOTEL BAKU

1 May 2023

Four Seasons Hotel Baku Spring Happenings

3 April 2023

Four Seasons Hotel Baku February Happenings

13 February 2023

FOUR SEASONS HOTEL BAKU FEBRUARY HAPPENINGS

6 February 2023

“Nar” continues vocational training for special people in 2023

24 January 2023

Remaining time to start of AmCham BFI Committee's March Webinar

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Important highlights from AmCham Events
14 March 2024

AmCham Azerbaijan's Nowruz Celebration Cocktail Reception

On March 14, 2024, AmCham Azerbaijan organized a Cocktail Reception dedicated to Nowruz Celebration. As per usual, the AmCham event brought together CEOs and associates of AmCham member companies, board members and committee chairpersons. Executive Director of AmCham Azerbaijan Ms. Gulnara Aslanbayli officially opened the event, greeting the guests and providing a brief foreword of the event. During her speech, she emphasized the importance of Nowruz in Azerbaijani due to its historical, cultural, and traditional roots.The event featured launching of the AmCham CSR Platform. Head coordinator of the project Ms. Sheyda Mustafabayli delivered a comprehensive presentation covering various insights and guidance on this exciting initiative that serves as a space on collaboration, connecting contributors and project owners to work together on meaningful corporate and social responsibility projects. Following the presentation, the Project Curator, AmCham Board member Mr. Shahin Mammadov, expressed his gratitude to the AmCham team, the AmCham Sustainable Development and Corporate Impact Committee, and all contributors in developing the project. Additionally, he highlighted the importance of this initiative, emphasizing its potential to foster collaboration and drive meaningful corporate and social responsibility projects. Mr. Mammadov also encouraged the business community and non-profit organizations to actively engage in the platform, share their CSR ideas, and showcase their creative CSR portfolios.Afterwards, the Reception continued with several traditional show programs involving national drum instruments, dance music performance, and a DJ show. Additionally, the reception also featured a special lottery where the guests got an opportunity to win an exclusive prize offered by AmCham Azerbaijan. 

13 March 2024

AmCham Legal & Compliance and Human Resources Committee's joint meeting

On March 13, 2024, AmCham Legal & Compliance committee organized a joint meeting along with the AmCham HR & Labor committee dedicated to the topic “Promoting SPEAK-UP as a tool to strengthen business integrity and create safe work environment”.Invited guest speakers of the meeting were Ms. Jamila Islamova, Ethics and Compliance Lead at BP Azerbaijan, Georgia and Turkey Region, Ms. Sevda Huseynova, Ethics & Compliance Officer at SOCAR Midstream, Mr. Martin Zapata, Academic Programs Senior Officer at the International Anti-Corruption Academy, and Mr. Rafael Abdullayev, Senior Human Resources Manager at NEQSOL Holding.The meeting was opened with the welcome speeches of Mr. Kamil Valiyev, Chairperson of AmCham Legal & Compliance committee and Ms. Chinara Ahmadova, Deputy Chairperson of AmCham HR & Labor Committee. Afterwards, as moderator of the meeting, Mr. Toghrul Ahmadov, Deputy Chairperson of Legal & Compliance committee took the floor and gave a brief foreword of the session. The meeting continued with speeches and presentations by guest speakers where they touched upon SPEAK-UP, its impact on compliance program and its role in mitigating compliance and integrity risks. They also comprehensively discussed the root causes behind people not speaking up and key intervention points, as well as the role of leaders in promoting speak-up culture in organizations and the importance of creating a morally safe work environment that is free from ethical hazards. The session was followed by the Q&A session and closing remarks.

23 February 2024

AmCham Human Resources and Labor Committee's February meeting

On February 23, 2024, AmCham’s HR & Labor Committee organized an engaging workshop on “Coaching and Technology”. The workshop aimed to demystify the buzz around coaching and reveal its practical benefits in today's ever-changing work landscape.Mr. Parviz Tahirov, the Chairperson of the HR Committee, welcomed the participants and introduced the guest speakers. He emphasized coaching was one of the popular development tools in today’s world.Guest speakers were Ms. Ozlem Sarioglu, PCC, an accomplished professional coach, author, and co-founder of SparkUs Digital Coaching Platform, a World Economic Forum-invited startup and Ms. Dilara Jafarli, an experienced leader and Head of Learning & Development at NEQSOL Holding. During the workshop, Ms. Ozlem Sarioglu talked and demonstrated how coaching can enhance skills and improve performance. She described the digital tools that make coaching accessible to all, revolutionizing professional development on a large scale. Ms. Dilara Jafarli talked on NEQSOL experience and how integrating coaching with technology can reshape HR, leading to increased employee engagement, better performance, and overall organizational success. Workshop participants explored opportunities to use the power of coaching and technology in transforming organizations for the future. 

22 February 2024

AmCham Members’ February Luncheon

On February 22, 2024, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) hosted its Members' February Luncheon, featuring esteemed guest speaker H.E. Mr. Mark Libby, U.S. Ambassador to Azerbaijan.The event commenced with a warm welcome from Ms. Gulnara Aslanbayli, the Executive Director of AmCham Azerbaijan. Ms. Aslanbayli provided updates on upcoming plans and events of the Chamber. Ms. Aslanbayli also acknowledged recent leadership changes within key committees and presented recognition plaques to outgoing Chairpersons: Ms. Ellada Alishova, Chairperson of the HR Committee; Ms. Rena Afandiyeva, Deputy Chairperson of the HR Committee; and Mr. Tural Vazirov, Chairperson of the Procurement Committee, for their dedicated service.Ms. Nargiz Nasrullayeva-Muduroglu, President of AmCham Azerbaijan, extended a gracious welcome to H.E. Mr. Mark Libby, expressing sincere gratitude for his participation. President Nasrullayeva-Muduroglu underscored the Chamber's commitment to supporting businesses in Azerbaijan and thanked Ambassador Libby and the U.S. Embassy for their contributions.U.S. Ambassador to Azerbaijan, Mr. Mark Libby, warmly welcomed all attendees and expressed sincere appreciation to the Chamber for facilitating constructive dialogue within the business community. Ambassador Libby emphasized the United States' commitment to supporting Azerbaijan's business sector and fostering strong commercial ties. He highlighted the collaborative efforts of the U.S. Embassy, AmCham, and U.S. businesses to drive innovation and growth in Azerbaijan.Thereafter, Ambassador Libby participated in an open and interactive Q&A session, where he addressed all questions from the audience.The luncheon also featured presentations from member companies highlighting their portfolios and activity directions. Speakers included Mr. Jeyhun Hajiyev, CEO of PASHA Capital; Mr. Geray Yusifov, Founder of ADVIAD; and Mr. Dayanat Ahmadov, Managing Partner of Amrop Azerbaijan.The event concluded with closing remarks from Ms. Gulnara Aslanbayli, thanking all participants for their attendance and active engagement. 

30 January 2024

Intellectual Property Best Practices Conference was held

On January 30, 2024, a conference on “Intellectual Property Best Practices” was jointly organized between the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) and the Commercial Law Development Program (CLDP) under the U.S. Department of Commerce. The event brought together about 100 participants, including representatives of AmCham member companies, international experts, and public entities.Executive Director of AmCham Azerbaijan Ms. Gulnara Aslanbayli opened the Conference, welcoming the participants and noting AmCham’s long-standing tradition of holding legal & compliance conferences. The Conference continued with opening remarks from Hugo Guevara, Deputy Chief of Mission, U.S. Embassy and Mr. Zaur Allahverdizade, Vice-President of AmCham, who emphasized the importance of IP protection in overall business environment and investment attraction. The Conference continued with engaging presentations and discussion panels on various topics such as effects of counterfeiting on international brands, open source communities' role in digital innovation, fighting illegal software use, competition in the IP ecosystem, etc.On January 31 – February 1, a two-day workshop was held for attorneys and law students on the same topics with the experts from the U.S. Customs and Border Protection and U.S and Georgian attorney experts. The two-day seminar started with opening remarks from AmCham Legal & Compliance Committee’s Deputy Chairperson Ms. Sharaf Asgarova, who welcomed the attorneys and law students. The Workshop consisted relevant case-studies related to actual IP and counterfeit cases examined by the U.S. and Georgian courts, with very active involvement of the participants. Following the workshop, the attendees received certificates of recognition from the U.S. Department of Commerce. 

24 January 2024

AmCham Azerbaijan Presented White Paper 2023 to the Membership

On January 24,2024, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) hosted its Members’ January Luncheon dedicated to the presentation of the subsequent publication of White Paper 2023 being prepared and presented to Azerbaijan government biannually in the aim of supporting various fields of Azerbaijan’s economy. The event was attended by key stakeholders, including members of the AmCham Board of Directors, Committee chairpersons, government officials, AmCham members, and representatives of the diplomatic corps. The recommendations reflected in previous years’ White Papers were added to state programs and some of the recommendations resulted in corresponding amendments in legislation which positively aspired business environment in Azerbaijan.Ms. Gulnara Aslanbayli, Executive Director of AmCham Azerbaijan, opened the luncheon by expressing gratitude to the participants and acknowledging their invaluable contributions to White Paper 2024.Ms. Nargiz Nasrullayeva-Muduroglu, President of AmCham Azerbaijan, delivered a compelling speech highlighting key aspects of the White Paper and emphasizing its significance in shaping the country's economic trajectory. She remarked, "As we reflect on the achievements of 2024, we celebrate the restoration of our country's territorial integrity, coupled with a dedication to ongoing reforms for economic enhancement. Today, we present the 8th edition of AmCham's White Paper, a testament to our commitment to a more perfect business environment and an investor-friendly market."Ms. Nasrullayeva-Muduroglu continued, providing insights into the structure of White Paper 2024. "The document consists of 9 Chapters, encompassing recommendations on concrete areas such tax, customs, finance, insurance, ICT, labor, marketing, sustainability, procurement, FMCG, judiciary, and more. Among the total of 114 recommendations, some of the most noteworthy ones include amendments to vital legislative acts, improvements in equal access to the market and financial inclusion for banking services, the establishment of rating agencies, integration of the circular economy concept, tax forecasting in the tobacco and alcohol industry, issues related to the enforcement of court decisions, digital economy, start-up ecosystem, data protection, and procedures for trade facilitation."Afterwards, AmCham committee chairpersons delved into the specific recommendations within their areas of expertise. Ms. Narmin Aslanova, Chairperson of the Tax and Customs Committee, Mr. Babek Aghayev, Chairperson of the Digital Economy and Innovations Committee, Mr. Jeyhun Mammadbayli, Chairperson of the Banking, Finance, and Insurance Committee, Mr. Kamil Valiyev, Chairperson of the Legal and Compliance Committee, Ms. Lala Afandi, Deputy Chairperson of the FMCG Committee, Mr. Tural Vazirov, Chairperson of the Procurement Committee, and Ms. Aysel Suleymanova, Chairperson of the MCBD Working Group, presented detailed insights into the recommendations outlined in the White Paper. A notable highlight of the event was the certificate presenting ceremony, honoring the chairpersons and deputy chairpersons of committees for their instrumental contributions to the development of the White Paper.To access the White Paper and gain a deeper understanding of its contents, please following links:EN:  White Paper.AZ: White Paper/AZ 

19 December 2023

AmCham Conference on Building Consumer Trust

On December 19, 2023, a conference on “Building Consumer Trust Through Enhanced Role of Businesses in Consumer Protection” was jointly organized between the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) and State Service for Antimonopoly and Consumer Market Control under the Ministry of Economy of the Republic of Azerbaijan. The event brought together about 100 participants, including representatives of AmCham member companies, business associations, and public entities. Opening the event, Executive Director of AmCham Azerbaijan, Ms. Gulnara Aslanbayli welcomed the participants of the conference and passed the floor to Mr. Elshad Farzaliyev, Chairperson of AmCham FMCG committee, to give a brief foreword of the event.Taking the floor, Ms. Rena Mammadova, Board Member of AmCham Azerbaijan, highlighted the significance of consumer interest to AmCham member companies and their readiness to take new innovative steps to strengthen consumer trust. During her speech, she also emphasized that the Chamber intends to extend the cooperation with both local and international companies and public entities in this direction. Afterwards, Mr. Elnur Baghirov, Deputy Head of the State Service for Antimonopoly and Consumer Market Control, particularly mentioned the necessity of public-private dialogue in the protection of consumer rights. Additionally, Mr. Baghirov noted that entrepreneurs play an important role in ensuring the right to compensation for the damage caused to the consumer such as effective resolution of disputes and the right to receive information. The significance of establishing relations on the principles of fairness at all stages of business-consumer relations was also brought to the attention of the event participants. During his speech, Mr. Baghirov also discussed other essential issues such as a number of amendments made to the legislative acts, increase on the role of entrepreneurs in protecting consumer rights, and ensuring prompt processing of consumer appeals by entrepreneurs.The conference was followed by the panel discussion on “informed and protected consumer: perspective of regulators and businesses”. Ms. Julia Polischuk from Euromonitor, Mr. Mustafa Bater from International Food and Beverage Alliance, and Mr. Ramazan Nabiyev from Food Safety Agency delivered comprehensive presentations on the topic and addressed all raised questions. Thereafter, Ms. Bensu Karahalil from Gazi University shared insights about the importance of risk assessment and communication for food safety.  Furthermore, another expert, Ms. Tutu Zeynalova touched upon existing misperceptions in food safety and role of the media in consumer protection.Summing up the conference, Mr. Elshad Farzaliyev expressed his gratitude both to the speakers and participants of the event for their valuable contributions. 

18 December 2023

AmCham Human Resources and Labor Committee's December meeting

On December 18, 2023, AmCham’s Human Resources and Labor committee’s monthly meeting was dedicated to “Update on AmCham White Paper 2023 and Labor law questions”. Guest speakers of the meeting were Ms. Parvin Anvarli, Legal Manager at Ekvita and Legal expert Mr. Mayis Aliyev.Opening the session, Chairperson of the AmCham HR & Labor Committee Mr. Parviz Tahirov presented the proposals included in the 2023 White Paper and updated the attendees about the feedback thereto, expressed by the Government representatives during the bilateral meeting with the Committee.The meeting was followed by the presentation of Ms. Parvin Anvarli, Legal Manager at Ekvita who updated the participants about the recent labor law changes. Afterwards, a comprehensive Q&A session was held. Mr. Mayis Aliyev, thoroughly answered the questions from the audience and offered relevant advise. 

15 December 2023

16th Annual AmCham Black & White Ball

On December 9, 2023, the American Chamber of Commerce of Azerbaijan (AmCham Azerbaijan) hosted its 16th Annual Black & White Ball in gorgeous Buta Palace. This spectacular landmark event, a highlight of AmCham's social calendar, gathered over 500 esteemed guests, including business leaders, government officials, and ambassadors, fostering an atmosphere of elegance and camaraderie.Themed "Azerbaijan throughout the years," the evening unfolded with captivating live music, a dazzling entertainment show, and an exceptional program that delighted attendees. The event commenced with welcoming speeches from Ms. Gulnara Aslanbayli, Executive Director of AmCham Azerbaijan, Ms. Nargiz Nasrullayeva-Muduroglu, President of AmCham Azerbaijan, and Mr. Hugo Guevara, Chargé d'Affaires at the U.S. Embassy in Baku. During her address, Ms. Nargiz Nasrullayeva-Muduroglu underscored the importance of the ball in commemorating achievements, strength, and the unity of the Chamber. She extended appreciation to the members for their commitment and continuous collaborative efforts, which have made a meaningful impact on the development of the Azerbaijani economy. She highlighted that this year holds special significance for two distinct reasons: Azerbaijan's recent restoration of territorial integrity and the commemoration of the 100th anniversary of the national leader Heydar Aliyev. It is not coincidental that this year's ball is dedicated to "Azerbaijan throughout the years," acknowledging these separate but equally important milestones.In his remarks honoring the work of AmCham, Deputy Chief of Mission Guevara noted, “For 27 years, AmCham has been fundamental to the growth of the bilateral U.S.- Azerbaijan economic relationship.”Afterwards, the floor was passed to the chief representatives of the following Sponsors:BP - Mr. Vagif Ahmadov, Ethics & Compliance regional manager of BPMcDonalds – Mr. Oscar Bogopolski, CEOProcter & Gamble - General Manager, Mr. Irakli GabriadzeFarchitects LLC - Mr. Farid Safquliyev, Chief Executive Officer Prosol - CEO of Prosol, Mr. Babek AghayevPrinceps Legem – Ms. Gulya Mamedova, CEO and FounderA memorable moment of the evening was the cake-cutting ceremony led by President Ms. Nargiz Nasrullayeva-Muduroglu and Deputy Chief of Mission Mr. Hugo Guevara.The event's excitement peaked with a raffle draw, boasting over 250 winning tickets and dance festivities that lasted until dawn. Exclusive top gifts included the iPhone 15+, Apple Watch, weekend stays at prestigious hotels, and many more. The grand prize of a round-trip ticket to Europe added an extra layer of thrill. Winners of the raffle draw (tickets 1 to 256) can check their luck at the following link and collect their prizes from the AmCham office. Please note that prizes will only be given upon presentation of the winning tickets.As part of AmCham’s commitment to supporting education for children in Azerbaijan's regions, the event showcased a charity auction. Representatives from both the Paralympic and National Olympic Committees presented exclusive items, including a 20-year Paralympic medal and a silver coin issued by the Central Bank in 2022 to commemorate the National Olympic Committee's 30th anniversary.The success of the event was made possible by the generous support of our valued sponsors: BP, Kolin, McDonald's; P&G, FARCHITECTS, PROSOL; Princeps Legem; Kapital Bank, ASBC, EXXON AZERBAIJAN LIMITED, Manzar Hajiyeva, RESM, Coca-Cola, Carlsberg; Absheron Hotel Group, Badamdar Hotel & Spa, Baku Marriott Hotel Boulevard, Bloom Group, Courtyard by Marriott Baku, Fairmont Hotel Flame Towers, Four Seasons Hotel Baku, Hillside, Hilton Hotel, Hyatt Regency, Italdesign, JW Marriott Absheron Baku, Landmark, Libraff, Mody's Baku, Office Systems, PMD Hospitality, Qalaalti Hotel & Spa, Shahdag Mountain Resort, Sheraton Baku Intourist, Spa Ceylon, and Wyndham Garden. Their unwavering support contributed significantly to the event's success, and we extend our heartfelt appreciation to each and every sponsor for their commitment. 

4 December 2023

AmCham Executive Director Ms. Gulnara Aslanbayli participated at the 2023 United Nations Climate Change Conference (COP28)

On December 4, 2023, Executive Director of American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) Ms. Gulnara Aslanbayli participated at the 2023 United Nations Climate Change Conference (COP28)This pivotal event represents the 28th meeting of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC). Being an annual gathering, COP serves as the preeminent multilateral decision-making forum on climate change, boasting near-universal representation from countries worldwide.COP stands as the global stage where nations converge to negotiate and adopt measures addressing the urgent climate crisis. Key objectives include limiting global temperature rise to 1.5 degrees Celsius, aiding vulnerable communities in adapting to climate change impacts, and achieving net-zero emissions by 2050.Ms. Aslanbayli was invited by AmCham member company and partner of the event- "Sustainera Solutions”. This event, with the theme of" Practices to strengthen financing for climate transition through public and private interventions", underscores the importance of collaboration between public and private sectors in addressing climate challenges.AmCham Azerbaijan, recognizing the private sector as a crucial driver of sustainable development, actively encourages its members to embrace Environmental, Social, and Governance (ESG) principles. This commitment aims to help Azerbaijan leverage unique experiences and contribute to a future that is both environmentally conscious and economically vibrant.Ms. Aslanbayli's participation adds a significant dimension to the event, bringing valuable insights and expertise to the discourse on the intersection of public and private interventions in climate financing. The focus remains on combating climate change and nurturing a more sustainable global economy.Ms. Aslanbayli emphasized AmCham’s recommendation to the government which were included in the 2023 edition of its by Annual Policy Paper known as The White Paper. The recommendations were dedicated to the transition to circular economy, transition to Green Transportation, Implementation of ESG Principles. Within the framework of this highly productive visit, United Nations Climate Change Conference (COP28) was a great success, building inspiration, and motivation to strengthen international relations and promote innovation within the business environment. In addition, Azerbaijan was confirmed as the Host of COP29 in 2024.