A panel discussion titled “Intangible Investments: The Capital of the Future and a New Driver of Economic Growth” was held as part of the 2nd Azerbaijan International Investment Forum, organized under the patronage of President of the Republic of Azerbaijan Ilham Aliyev, APA-Economics reports.
The event, held in cooperation with the UK’s TP Engineering Services LLP, examined the role of intangible assets as a new source of productivity, competitiveness and long-term economic growth.
The discussions highlighted the importance of investments in intellectual property, software, data, research and development, brands and organizational capabilities. The participants also discussed the valuation, accounting and financing of intangible assets, the role of financial institutions and investors in this area, as well as the establishment of legal and institutional frameworks that encourage knowledge-based investment.
The panel also featured an exchange of views on transforming innovation, know-how and intellectual capital into business value, export opportunities and new investments.
The discussion was moderated by AnewZ representative Teodor Geonov. The panel was attended by SOCAR Deputy Vice President Hikmet Abdullayev, AZPROMO Executive Director Yusif Abdullayev, POERNER Sales Director for Eastern Europe and CIS countries Albert Traxler, founder and CEO of TP Engineering and Consultancy Rustam Ismayilov, Caspian Business Hub Head of Project Development Narmin Jafarova, and Vitaliy Yakovlev, Managing Partner of international professional services company KPMG Azerbaijan.
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