Press release

Ilgar Veliyev, Country Managing Partner of EY in Azerbaijan, is re-elected as President of the American Chamber of Commerce in Azerbaijan

Baku, 25 February 2015

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The American Chamber of Commerce in Azerbaijan held its Annual General Meeting, electing a new President and members of the Board of Directors.

Mr. Ilgar Veliyev, Country Managing Partner of EY in Azerbaijan, has been re-elected as the President of the Chamber’s Board of Directors.

Ilgar Veliyev graduated from the Azerbaijan State Economics University with an Honors Diploma. He is a certified graduate of the Executive MBA Program of the University of Chicago’s Booth School of Business. He joined EY in August 1994 as one of the first Azerbaijanis to work for an international accounting firm. In summer 2007 Ilgar Veliyev became the first Azerbaijani national to be promoted to partner among international accounting firms. During his career with EY Ilgar Veliyev has spent one year working for the Moscow practice (1995-96) and two years working for the UK firm of Ernst & Young (2001-2003). Ilgar Veliyev is a licensed Azerbaijani Auditor and a US Certified Public Accountant and has been an active member of the AmCham Board of Directors since March 2007. During this time he has held a number of senior leadership roles at AmCham, serving as Vice President from April 2009 and as First Vice President from November 2010. In December 2012 Ilgar Veliyev became Acting President and in 2013 was elected President. He is also a member of AmCham’s Executive Committee and the Head of the Finance Subcommittee of its Board of Directors.

The American Chamber of Commerce in Azerbaijan is composed of over 250 members and associates active in every sector of the Azerbaijani economy. The Chamber represents 80% of all foreign investment, as well as a significant portion of local investment, in Azerbaijan. Through its industry sector committees Chamber members share information, raise issues of common concern and propose possible solutions. As AmCham members, companies and organizations have access to a vast network of business information and contacts, in Azerbaijan and in the US.

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EY in Azerbaijan
EY made a major commitment to Azerbaijan and the region with the opening of our office in Baku 20 years ago. Today, in addition to being the 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 and in facing the challenges of the international economy.

2014 was the 20th anniversary of EY in Azerbaijan. We currently have more than 170 staff in our Baku practice, who serves 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.