12 March 2014

EY Azerbaijan Managing Partner, Ilgar Veliyev presented at the Azerbaijan Investment Summit

Press release

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EY Azerbaijan is a Gold sponsor of The Economist’s Azerbaijan Investment Summit, which was held at the Four Seasons Hotel Baku on 12 March 2014. Mr. Ilgar Veliyev presented at the panel discussion dedicated to the role of skills and education as a key lever of sustainable economic development.

The Azerbaijan Investment Summit assembled over 150 international audiences of policymakers, CEOs, investors and NGOs to discuss opportunities for Azerbaijan to accelerate its economic development.

More than 15 top-level speakers and 52 international delegates from over 10 countries as well as other influential leaders from government, industry and academia came together to address the major market trends, strategic prospects, and investment and development opportunities in Azerbaijan.

Throughout the Summit on 12 March, the industry’s most successful leaders outlined risk scenarios that investors should prepare for and assessed the investment opportunities of one of The Caspian’s largest markets.

Ilgar Veliyev took part in the “Skills and education – developing Azerbaijan’s talent pipeline” panel discussion together with Mr. Mikayil Jabbarov, Minister of Education, Mr. Hafiz Pashayev, Deputy Minister of Foreign Affairs, and Mr. Paul Holloway General Manager of JTI Caucasus.

Ilgar Veliyev shared his views on exploring the role of human capital in a country's sustainable economic development and competitiveness: “EY Azerbaijan is committed to contributing to the sustainable development of the country. As a part of the country’s growing success, we recognize that Azerbaijan needs a sufficient number of experienced professionals to bring performance improvements and business value both to the government and investors.”

He also added that the major commitment of EY Azerbaijan is to develop the accounting profession and implement the best international practices in Azerbaijan, thus providing the economy with qualified professionals in accounting and finance.

“The projects we contribute are aimed at enhancing the business and investment environment by developing and supporting human capital. We have engaged in longstanding collaboration with the government and academia, which demonstrates our commitment to investing in human capital,” concluded Ilgar Veliyev.

The Azerbaijan Investment Summit organized by Economist is the great opportunity for sharing experience with government and industry leaders to exchange ideas and practices. The expert insight into Azerbaijan’s accelerating economic development helps foreign and local leaders to achieve its goals that can bring benefit to sustainable development of the country. As a strategic part of government development EY is committed to create an innovative environment to help attract business investment and human capital.

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 in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY expands its services and resources in accordance with clients’ needs throughout the CIS. 4,600 professionals work at 20 offices in Moscow, St. Petersburg, Baku, Vladivostok, Almaty, Astana, Atyrau, Kyiv, Donetsk, Tashkent, Tbilisi, and other locations.

EY refers to the global organization and may refer to one or more of the member firms of EY Global Limited, each of which is a separate legal entity. EY 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 has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 20 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.

2014 is the 20th anniversary of EY activities in Azerbaijan. We currently have more than 160 staff in our Baku practice, which serves our clients in Azerbaijan. The strength of EY 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.

For more information, please refer to http://www.ey.com/Azerbaijan.