Finance

Finance

London hosts Trade and Investment forum â€œBritain in Azerbaijanâ€

10 March 2010 12:15 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The trade and investment forum, Britain in Azerbaijan, organized by the International Bank of Azerbaijan, City of London and Middle East Association, was held at Mansion House. It was sponsored by the Royal Bank of Scotland, Cross Caspian, AzMeCo, PricewaterhouseCoopers, DLA Piper and the Anglo Asian Mining Company and supported by the UK Trade and Investment Association.
All spoke about the growing business links between the UK and Azerbaijan, mentioning that Britain remains the largest foreign investor in Azerbaijan, in the forum.
A number of high-level delegations have visited Azerbaijan recently, including Minister of State for Energy Lord Hunt, HRH the Duke of York in his capacity as UK special representative for international trade and investment and the lord mayor of London.
The participants discussed all aspects of investing in Azerbaijan, such as the investment climate, legislation, the protection of investments, taxes and tariffs.
Participants paid special attention to the possibility of investing in the renewable energy sector. It was noted that the windy conditions on the Absheron Peninsula provided an enormous opportunity for wind farms.