Press release

EY Azerbaijan holds business breakfast on Operational Efficiency Improvement

Baku, 28 June 2016

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EY Azerbaijan held a business breakfast on Operational Efficiency Improvement organized by the Advisory department in the Four Seasons Hotel, Baku on June 28.

EY Country Managing Partner Ilgar Veliyev opened the event by welcoming the participants.

Guest speaker Suleyman Gasimov, Vice-President on Economic Affairs, SOCAR, shared SOCAR’s experience of implementing an operational efficiency project in cooperation with EY.

The seminar was delivered by EY professionals from the Baku, Moscow and Almaty offices. Speakers discussed current trends in the Azerbaijan economy, the prerequisites for carrying out operational efficiency projects, and operational efficiency improvement business cases in the CIS.

Ksenia Babushkina, EYPartner, Head of Advisory Practice, Middle Asia and the Caucasus, shared her thoughts: “Every crisis represents not just challenges but also opportunities. We can help make them reality.”

“The event was successful, as actual issues were examined and a productive discussion was held to help our clients address the challenges of the current business environment,” said Advisory Services Manager Fikrat Adigozalov.

Tariyel Mirzayev, Head of the department of strategic development and investment projects, Azerbaijan Caspian Shipping Company: “Taking into account current economic volatility, improving operational efficiency, achieving an optimized cost structure and ensuring efficient control over capital are high priorities for companies of all sizes. Today’s seminar is an excellent platform for sharing knowledge and experience in this sphere.

"I think it was very interesting and useful for all participants. Mr. Gasimov’s speech was particularly impressive," said Ekaterina Ponkratova, Operational Efficiency Improvement Manager, Business Advisory Department.

EY was delighted to see all the participants at the seminar and thanks each of them for their enthusiastic participation!

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 22 years ago. Today, in addition to being the leading audit and consulting firm in Azerbaijan, we are the leading 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 170 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.