Ilgar Veliyev, Country Managing Partner for Ernst & Young in Azerbaijan, made a presentation today at the 19th International Caspian Oil & Gas Conference 2012 taking place at the Hilton Baku Hotel on 6-7 June, 2012. The presentation focused on investment climate in the region, major challenges and opportunities of doing business in Azerbaijan.
"I believe that Azerbaijan has a tremendous investment potential" said Ilgar.
Ilgar Veliyev highlighted the remarkable success Azerbaijan made in past 20 years in attracting the foreign investment, and stressed that institutional reforms and investments in education and corporate social responsibility are vital to make this success sustainable in a long-term future.
Ernst & Young is one of the sponsors of the event.
About the International Caspian Oil & Gas Conference
The Caspian Oil & Gas Conference is supported by and organised in close cooperation with Ministry of Industry and Energy of Azerbaijan and State Oil Company of Azerbaijan. The conference brought together around 50 high profile speakers, 21 sponsors and more than 500 delegates. The Caspian Oil & Gas Conference regularly features government officials, senior level commercial representatives and influential industry professionals.
The event became the flagship forum in the Oil and Gas sector in Azerbaijan, which united major national and international oil and gas companies with key regional operators and suppliers.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Ernst & Young expands its services and resources in accordance with the clients' needs throughout the CIS. 4,000 professionals work at 18 offices including Moscow, St. Petersburg, Baku, Almaty, Astana, Kyiv, Tbilisi and other locations.
For more information about our organization, please visit www.ey.com.
Ernst & Young in Azerbaijan
Ernst & Young has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 18 years ago and the growth of our local financial service industry group. Today, in addition to being a leading audit firm in Azerbaijan, we are the leading firm in the region. Because of our experience and depth of knowledge, we have been able to assist both domestic and international companies as well as state-owned entities in developing them to face the challenges of the international economy.
We currently have more than 130 staff in our Baku practice, which served our clients, including banks and other financial institutions, in Azerbaijan. The strength of Ernst & Young in the Caspian Region and the firm's commitment of resources are important to the entities operating in the region. It means that as we grow, Ernst & Young will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.
For more information, please refer to http: //www.ey.com/Azerbaijan.