BAKU, Azerbaijan, February 3. Azerbaijan's financial sector has remained advanced in recent years in terms of attracting and utilizing technologies, as well as training personnel, Managing Partner of PwC in Azerbaijan Movlan Pashayev told Trend in an interview.
He noted that, from the point of view of the mentioned features, Azerbaijan's financial sector is one of the most advanced.
According to him, great transformation processes are expected in the financial sector of Azerbaijan.
"Based on our conversations and the audits we do, we can conclude that the financial sector of the country is stable. However, in this changing environment, banks, both ours and those around the world, must introduce new innovations, products, and services in order to "survive," he added.
Pashayev also believes that the ongoing reforms in Azerbaijan create a favorable investment environment. The approach currently taken by Azerbaijan is directed towards liberalization of the country's economy, increasing the efficiency of enterprises, public ones in particular, and increasing the competitiveness of goods and services both on the regional and global markets. From the point of view of achieving the set goals, the PwC manager believes that, to a certain extent, Azerbaijan is modernizing the old system and creating an absolutely new approach.
PricewaterhouseCoopers Global (PwC) is an extensive network of professional services firms. In its current form, the network was established in 1998, following the merger of Price Waterhouse and Coopers & Lybrand. PwC helps organizations and individuals create the value they are looking for, by delivering quality assurance, tax, legal and advisory services.
PwC Azerbaijan, established in 1995, is one of the country’s first international professional services firms.