Press release

EY Azerbaijan struck partnership with government agencies to support innovations and sustainability

Baku, 11 December 2018

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EY becomes the first global financial services firm to support a nationwide Innovations Contest in Azerbaijan initiated by a number of government agencies. The contest, held every year, serves to promote innovations and sustainable development in the country.

In a ceremony in the capital, Baku, EY Azerbaijan signed a memorandum with the Ministry of Economy, the Ministry of Transport, Communications and High Technology, the Ministry of Culture and Tourism, the State Agency for Public Services and Social Innovations and the National Academy of Sciences. As part of the agreement, EY Azerbaijan will now support the organisers of the annual Innovations Contest.

Ilgar Veliyev, Country Managing Partner for EY Azerbaijan said: “As a company representing the private sector, we recognise our responsibility to support the country in its attempts to follow the global sustainable development agenda. This contest is an excellent opportunity to encourage genuine innovation and support aspiring start-up entrepreneurs and innovators. By joining this initiative, we are setting an example for other major players in the private sector to assist the government in achieving its sustainability goals”.

About EY 
EY is a global leader in assurance, tax, transaction advisory, financial advisory 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 in Azerbaijan
EY pledged its commitment to the development of Azerbaijan and the wider region by establishing its office in Baku 24 years ago. Over this period, we have turned into the leading professional services firm in the region. For nearly a quarter of a century, we have successfully assisted both local and international companies, as well as government agencies, to meet the challenges of the global economy.