Press release

EY Azerbaijan sponsored the Azerbaijan Business Case Competition (ABCC)

Baku, 3 December 2017

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EY Azerbaijan sponsored the Azerbaijan Business Case Competition (ABCC), which was held at the Hilton Baku Hotel on 3 December 2017.

This year, 26 teams from 5 universities participated in the competition: ADA University, Baku Engineering University, Azerbaijan State Economic University, Academy of Azerbaijan State Customs Committee, and Baku Higher Oil School. Only 16 teams out of 26 made it to the semi-final stage, and just four teams qualified for the final.

The four finalists were required to develop solutions for cases. Evaluations were based on their critical business thinking, financial analysis, marketing strategy, and presentation skills, including their preparation for the Q&A stage.

The team from Baku Engineering University (Huseyn Mammadov, Jafar Jafarov, Lala Rustamli and Gazanfar Karimli) won the competition and were awarded 6,000 AZN.

Turgay Teymurov, EY Assurance Partner, was in the final jury at the ABCC and shared: “This competition is a big business event among the students, and a huge investment in nurturing the future business leaders of Azerbaijan. I would like to congratulate the winning team and wish them every success in their future endeavors.”

About ABCC
The Azerbaijan Business Case Competition is an annual contest where student teams from Azerbaijan’s top universities participate. It has been held since 2002 and celebrated its 15th anniversary this year. Volunteers of the MBA Enterprise Corps decided to launch this project due to the limited popularity of business case analysis in Azerbaijan. Since 2006, the right to hold this competition has been granted to the US-Educated Azerbaijani Alumni Association (AAA). Over 1,000 very talented students have so far participated in this project.

The US-Educated AAA is a non-governmental, non-profit organization established in October 2003 that unites alumni of the State Department educational exchange programs, Azerbaijan State Program alumni, and self-funded students who have studied in Azerbaijan.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and economies around the world. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY works together with companies across the CIS and assists them in realizing their business goals. 4,500 professionals work at 20 CIS offices (in Moscow, St. Petersburg, Novosibirsk, Kazan, Krasnodar, Rostov-on-Don, Togliatti, Vladivostok, Almaty, Astana, Bishkek, Baku, Kyiv, Tashkent, Tbilisi, Minsk, and other locations).

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

EY in Azerbaijan
EY made a major commitment to the development of Azerbaijan and the region by opening the office in Baku 23 years ago. Today, in addition to being the leading audit and consulting firm in Azerbaijan, we are the leading professional services firm in the region. As a result of our experience and competence, we have been able to assist both domestic and international companies as well as state-owned entities to develop and manage the challenges of the international economy.

There are currently more than 200 people working in our Baku office that serve our clients in Azerbaijan. EY’s strength 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, EY will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.