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Worldwide Financial Market Not Affects Azerbaijan’s Advertising Market

Business Materials 3 November 2008 17:36 (UTC +04:00)

Azerbaijan, Baku, 3 November / Trend , corr. U.Ismayilova /The worldwide financial market did not affect the advertising market of Azerbaijan, believes Hajiami Atakishiyev, the Head of the Azerbaijani Advertising Union.  

"Azerbaijan's advertising market goes on operating on the same rate compared to the beginning of the year," Atakishiyev said.

The worldwide financial crisis did not affect Azerbaijan's advertising market because of the funds are invested in this sphere from March to March. So, the influence of the crisis will be cleared only in the beginning of the next year.

"I think that the influence of the crisis on the market is felt in appearance of new players, which, perhaps, had planned to invest in advertising before the crisis has occurred. Now, these players put aside their plans due to deficit of funds," Atakishiyev said.

The average amount of annual investments into advertising in Azerbaijan is from AZN 1mln to AZN 3mln.

Azerbaijani Advertising Union was established in 1996 and is the public organization, which participate at international workshops, forums and support ties with foreign colleges.

The correspondent can be contacted at: [email protected]

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