AmCham Members’ May Luncheon with the Governor of CBAR, Mr. Taleh Kazimov
On May 11, 2023, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) hosted its Members’ May Luncheon with honourable guest speaker Mr. Taleh Kazimov, the Governor of the Central Bank of the Republic of Azerbaijan (CBA).
Opening the luncheon, Operations Director of AmCham Azerbaijan, Mr. Zaur Karimov welcomed the participants and briefed on the upcoming projects and events of the Chamber.
Ms. Nargiz Nasrullayeva-Muduroglu, the President of AmCham Azerbaijan, extended a heartfelt welcome to the honourable guest speaker of the Luncheon and expressed her gratitude for his collaboration. She highlighted the ongoing endeavours of AmCham Azerbaijan in fostering the interests of local and international businesses in Azerbaijan. Ms. President also emphasized the Chamber's enduring commitment to maintaining constructive discussions and cooperation with the Central Bank of Azerbaijan across various areas of common interests.
Mr. Governor warmly welcomed all the participants of the event and expressed his gratitude to the Chamber for providing a great opportunity to engage in productive discussion with the business community. He provided a brief overview of the current trends in the macroeconomic environment and financial sector of the country, highlighting the critical role of the banking system in facilitating economic growth. He emphasized that the ongoing new generation reforms and macroeconomic policies have contributed to the achievement of macroeconomic and financial stability in the country that ensure a sustainable growth in a long run.
Mr. Kazimov also discussed the key efforts to further strengthen the leading role of the financial system in promoting financial inclusion and access in Azerbaijan. He expressed the need for the financial sector to improve its readiness to tackle new challenges in global financial landscape. At the end, Mr. Governor discussed new objectives of the Central Bank aiming at enhancing the contribution of the financial sector to the development of the national economy in the future.
The speech was followed by an interactive Q&A session, where all questions of business representatives were addressed by Mr. Kazimov.
Afterwards, AmCham Banking, Finance & Insurance committee’s chairperson Mr. Jeyhun Mammadbayli gave a brief information on the forthcoming plans and activities of the committee. He also highlighted that the Chamber attaches significant value to the collaboration with CBAR and further strengthening of these ties.
Thereafter, presentations on company portfolio and activities were delivered by ARAL Group, Unicapital, and Legalize.
Over 160 people participated in the luncheon including high-ranking government officials, representatives of diplomatic corps, and senior executives from business community and member companies.
BFI Committee`s February Meeting
On February 6, AmCham hosted BFI Committee`s Meeting.BFI Chairperson, Mrs. Aytan Rustamova, opened the meeting by welcoming members, guest speakers Sanan Hasanov (Demir Bank) and Nazim Mammadov (Alliance Group LLC) as well as informing the committee members on the achievements & challenges of the past year.Within the first part of the meeting Committee Chairperson passed the floor to the guest speaker of the meeting, Mr. Sanan Hasanov, the representative of Demir Bank who delivered a report on “EnergoCredit”, the collaborative project of European Bank for Reconstruction and Development (EBRD) with Demir Bank. The presentation was followed by Q&A session.Short bio of our guest speaker:Mr. Hasanov holds a master of Finance from Azerbaijan State University of Economy. He is currently working for DemirBank OJSC as Marketing Director. He has more than 10 years experience in banking sector in Azerbaijan. He has managed and implemented many local and international projects.During the second part of the meeting Mr. Nazim Mammadov, representative of Alliance Group LLC has delivered a presentation on “Case studies from Georgia on EnergoCredit project”. The presentation was followed by Q&A session.The Committee meeting finished by networking and one-to-one conversations.Powered by Froala Editor
BFI Committee`s March Meeting
On March 16, AmCham hosted BFI Committee Meeting.BFI Chairperson, Mrs. Aytan Rustamova, opened the meeting by welcoming committee members and guest speaker – Mrs. Julie Nutter, Director of the Office of Sanctions Policy and Implementation in the Department of State’s Bureau of Economic and Business Affairs.Within the first part of the meeting, Mrs. Julie Nutter delivered a very informative speech on “US Policy & Sanctions on Russia and Iran” followed by Q&A session.During the second part of the meeting, Mrs. Nutter introduced Mr. W. Stuart Huffman, Foreign Service Officer of the Office of Sanctions Policy and Implementation, who joined her during the Q&A session.Short bio of our guest speaker:Julie Hagarty Nutter is the Director of the Office of Economic Sanctions Policy and Implementation (SPI) in the Department of State’s Bureau of Economic and Business Affairs (EB). Prior to her current posting, she was the Economic Minister-Counselor at the U.S. Embassy in London. From 2005 to 2008, Ms. Nutter was the Director of the Office of Development Finance in the Economic, Energy, and Business Affairs Bureau. She previously served as the Economic Counselor in the U.S. Mission to the European Union in Brussels. During her Brussels tour, she volunteered for an Iraq Provincial Reconstruction Team Leader position and spent seven months in Iraq, mostly in Basra, working to improve governance capacity at the provincial level. In earlier jobs, she headed the Ukraine desk of the State Department in the run-up to the Orange Revolution, worked closely with other donors on G-8 and Balkan reconstruction issues, and did political and economic reporting during the Liberian civil war. Ms. Nutter has a Masters’ degree in National Security Resource Strategy from the National Defense University and a Masters’ degree in International Economics from Georgetown University. She has two daughters, and grew up in Philadelphia, Pennsylvania.Powered by Froala Editor
BFI AND CSR COMMITTEES` JOINT MEETING
On May, 18, AmCham hosted BFI and CSR Committees` Joint Meeting.Mrs. Nargiz Nasrullayeva-Muduroglu opened the meeting by welcoming participants as well as introducing Mrs. Natavan Mammadova as the newly appointed Director of AmCham Azerbaijan. Afterwards, she passed the floor to Mrs. Ayten Rustamova, Chairperson of BFI Committee, who introduced guest speakers to the audience – Mrs. Gwen Burchell, Director of United Aid for Azerbaijan (UAFA) and Mrs. Natavan Hasanova, researcher of Strategic Research Center of AR (SAM).During the first part of the meeting, Mrs. Burchell informed the participants of the meeting about UAFA and its activity. Afterwards, she passed the floor to her colleague – Mr. Saleh Nasirov – who provided the detailed information about the activity direction of UAFA, particularly pre-school educationm reabilitation centers and social support and also, creation of educational systems in four regions of Azerbaijan. Moreover, Mr. Nasirov presented a video clip about Child Development Center in Baku established by UAFA.Within the second part of the meeting, the floor was passed to Mrs. Natavan Hasanova who delivered a presentation on “Research Results on Corporate Social Responsibility at Azerbaijani Banks”. Along with the report on local activities, Mrs. Hasanova provided very thorough information on CSR activities in different countries (USA, China, Japanm Germany, Italy, Australia).In the end of the meeting, Ms. Aynura Piriyeva, Chairperson of CSR Committee, announced the organization of CSR Excellence Award in cooperation with P. World on October 1, 2.Powered by Froala Editor