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Azerbaijan Investment Summit held in Baku - UPDATED

Azerbaijan Investment Summit held in Baku - <font color=red>UPDATED</font>

02 March 2011 09:52 (UTC +04:00)

The event organized by AzPromo (Azerbaijani Export & Investment Promotion Foundation) and â€œEuroconvention Conferences Company will last two days.

According to AzPromo Executive Director Adil Mammadov, 50+ investors from different countries of world (USA, Germany, England, UAE, Spain, France, Hong Kong and etc.) attend the event: â€œThese investors represent the finance, agriculture, construction, alternative energy sectors. Most of them visit Azerbaijan for the firs timeâ€.

He says the purposes of investors are to meet Azerbaijan and get information about investment environment here: â€œAzerbaijani side will give information to them about legislation and business environmentâ€.

Deputy Minister of Economic Development Niyazi Safarov and Director of Euroconvention Conferences Company Claudio Cassuto made speeches and stressed the importance of these business-forums and summits in development of cooperation.

AzPromo President Adil MAmmadov spoke about trade, business and investment opportunities in S.Caucasus and Caspian Sea region. Besides, activity of IFC in the Caspian Sea region, competitiveness in the Eastern Europe and S. Caucasus, available conditions in Azerbaijan for foreign investors, Azerbaijanâ€™s business and investment environment were discussed at the event.

At the same time, development perspectives of bank and finance sector in Azerbaijan were discussed within the summit. AIC Executive Director Afghan Isayev spoke informed about activity of organization and implemented projects in non-oil sector. Representatives of WB and EBRD gave information to the participants about importance of finance sector for Azerbaijanâ€™s economy and the EBRDâ€™s activity in Azerbaijan.

Lectures on â€œalternative energy market as one of the quickly developing spheres in the worldâ€ and â€œsustainable business opportunities in agriculture and food industryâ€ were listened at the summit.

Tomorrow, transport and road infrastructure, development of telecommunication sector and investment opportunities of this sphere will be discussed within the â€œAzerbaijan Investment Summit - 2011â€.