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The Tax and Customs Committee proactively addresses both existing and new tax and customs issues by maintaining a dialog with the State Tax Service, Ministry of Finance and State Customs Committee and promotes change in the tax and customs system through consistent interpretation and application of existing regulations. The committee is doing this job in several ways: by engaging its members in various legislative initiatives aimed at improving the business climate, sharing experiences across the member base on challenging tax and customs issues and establishing dialog between the business community and the governmental bodies and ministries. Powered by Froala Editor. The Working Group on Procurement was established at the end of In , the WG held a number of memorable events with participation of foreign procurement experts and local top managers. During , WG formed a group of professionals with a passion for procurement and a desire to positively change the procurement environment in the country. The result of this work was a position paper with a set of proposals aimed to improve public sector procurement. In , the WG was transferred to the status of a Committee and the committee's mission is to help the business community and the public sector to improve procurement processes, to educate and promote best practices and transparency in procurement processes and share successful stories within the Amcham community. The mission of FMCG Committee is to contribute to the improvement of legislation and legal practice in the areas of commercial and company law, as well as to promote standards of best practice in marketing goods and services. The issues of product safety, consumer protection, advertising etc. The American Chamber of Commerce in Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Established in , AmCham is composed of over Regular and Associate Member Companies active in every sector of the Azerbaijani economy. Through its 10 industry sector committees, Member Companies are able to share information, raise issues of common concern and propose possible solutions. Being one of the largest and the most influential organizations in the country AmCham provides the best networking opportunities. Business Visa Facilitation Program benefits, etc. As I know, part of the recently implemented reforms were developed on the basis of AmCham ideas, I would like to thank you for that. Ladies and Gentlemen! Dear guests! After gaining of independence, the Republic of Azerbaijan tries to establish economic cooperation with all countries of the world and the United State of America occupies a special place amongst them. US-Azerbaijan cooperation was successfully developing in the course of the last years. I highly appreciate it and we will do our best for the further development of these relationships. This cooperation perfectly fits the strategic policy of the independent Republic of Azerbaijan in the economic sphere. After gaining independence Azerbaijan has chosen the way of the democratic, legal and civilized state building, carrying out of reforms in the economy of the republic and principles of relating its economy to the world economy. We think that for the development of social-economic situation of the Republic we must cooperate closely with foreign countries and all companies of the world and have joint business in the economic sphere between Azerbaijan and other countries, companies. These are main works carried out in the sphere of development of Azerbaijani economy on the basis of market economy and attraction of foreign investment to our Republic on the permanent basis. As you know, Azerbaijan has abundant natural resources. Our country has a big industrial, agricultural potential. From the viewpoint of its geographical location, our Republic has big possibilities for the economic cooperation with World Community. The world experience has proved repeatedly that no country, even the biggest one is able to develop its economy within its boundaries up to the required level. Integration of world economy, the mutual cooperation in the economic field of the countries each with other is beneficial for every country and in general it is the only way of development of the world economy. After gaining state independence we took for the main principle this experience and made efforts for constant attraction of foreign investment to Azerbaijan and joining of the economy of our republic to the world economy, we will undertake these efforts in the future as well. The results achieved in the field of joint business between Azerbaijan and the US companies within the last years are vivid example of that. It is well known that one of the factors and the main one of attraction of the US and other companies to Azerbaijan is oil and gas fields of our country. The existence of abundant oil and gas fields at the territory of the Republic of Azerbaijan and Azerbaijani sector of the Caspian Sea is well known all over the world. Azerbaijan is an ancient and great oil country. The achievements of our republic in this field are known world-wide. Now we are living a new stage, a new period of the oil and gas industry of Azerbaijan. This stage is related to joint exploration of these oil and gas fields of Azerbaijan with great oil companies of the world. As you know we signed the first large contract two years ago — in September, The US companies take more numerous in this Consortium. It is with a great sense of pleasure that I want to say that the results of these contracts in the course of the passed two years were positive and the programs envisaged in contract are being implemented consecutively. If some people had doubts and others wanted to see the positive results of this contract when we were going to sign it, now these results turned into reality. And those, who had doubts, should give them up. As you know, two other large oil contracts were signed afterwards. The US companies participated at the contract signed a year ago. Tomorrow a new oil contract is to be signed and the main parties of the contract are still the US oil companies. These contracts and their practical implementation provided coming of both the US and many other companies to Azerbaijan. I am pleased to say that offices of not only the US oil companies, but those dealing with other spheres are opened in Azerbaijan. All this is perfect results of the US-Azerbaijan economic cooperation and the big potential achieved by us. The importance of this potential is that all these works will give more perfect results in the future. Therefore, I think that opening of the US Chamber of Commerce in Azerbaijan and inauguration of its office is very remarkable today and will serve for the new stage in the future. We did our best up to present to encourage not only the US companies but every individual, representing the United States who comes to Azerbaijan and want to make business here. However, now, after establishment of the US Chamber of Commerce and starting of its organized activity, we will do our work with more success. I know that the US Chamber of Commerce is established in Azerbaijan to regulate, support, guide and make prognostication for all the US companies and businessmen in Azerbaijan. I welcome this initiative and highly appreciate it. I think that the Chamber of Commerce will work here freely and successfully. You may be confident that the support on the level of Azerbaijani state, government and all state bodies will be rendered to the Chamber of Commerce of the United States in order to ensure its successful activity. This is of the same importance both for you and for us. We are very interested in it. Because, as I have mentioned earlier, we want more US companies to come to Azerbaijan. We are carrying out economic reforms and privatization process on the basis of principles of market economy, of course, we are going on this way and we will go in the future. Both you and all Azerbaijani society see the positive results of the implemented economic reforms and privatization process in the last period. The offices of foreign companies, their joint-ventures, private enterprises, large and beautiful shops has changed the image of Azerbaijan, especially that of Baku. All this pleases us. Today I want to state that we are consecutively adhering the way of economic reforms and we will adhere this way in the future too. We are promptly implementing the privatization process and take serious measures in this sphere. For example, I have liquidated the State Agency of Grain Products two days ago and submitted all enterprises and bodies of this Agency to the State Property Committee for privatization. This is a measure taken not for privatization of separate enterprises, but an entire state structure. Perhaps, this is an ordinary case for our guests that came from the United States of America. However, it is not at all an ordinary case for us. Because, you must know that adoption of a decision for liquidation and privatization of large state bodies that have been under aegis of the government for a long time requires courage and we implement it with courage. We need foreign investments and cooperation with the US companies for implementation of these measures. The US companies should try to participate at the privatization process underway in Azerbaijan and take their own place in the implementation of market economy in the economic life of our country. I invite you to this. I declare for you and all our partners from the United States of America that the state ad president of the Republic of Azerbaijan will steadfastly develop the economy of our country on the basis of market economy, implementation of economic reforms and privatization. Therefore, I always say to foreign companies, including American companies to not be late. The sooner you come to Azerbaijan the better place you will have here. You must know that a favorable social and political situation is established in Azerbaijan for establishing a successful business here. We have adopted some very favorable laws for attraction of foreign investments to Azerbaijan. We are going to adopt such laws in the future too. If there is an annoying factor in any sphere for doing this work we will eliminate it. If any part of any law inhibit the successful implementation of our work, we will amend these laws and adopt new ones. You can be sure in it. I would like to say that I am very pleased with this cooperation and I think that this cooperation is a perfect mean for implementation of economic reforms in Azerbaijan and strengthening of the economy of our country. I wish successes to all of you and all companies and businessmen of the United States of America. I hope that on the basis of results achieved up to now, the US-Azerbaijan economic cooperation will develop more quickly. Bill Clinton, as well as meetings and negotiation held with vice-president Albert Gore held a few days ago in Lisbon, we discussed development of the US-Azerbaijan relationships in all spheres and we were of the same opinion. I openly stated the position of Azerbaijan in this sphere. I highly appreciate the friendship and cooperation established with state bodies of the United State of America, as well as between the US and Azerbaijani Presidents, and I assure you that Azerbaijan will always remain faithful to these relationships of friendship and cooperation. I cordially congratulate you once again on the occasion of opening ceremony of American Chamber of Commerce in Azerbaijan. I wish you all successes, happiness and health. Thank you. AmCham has long been a key partner of the U. Embassy, serving as the voice of the business community and working to advance our shared vision of a prosperous, stable, and globally-integrated Azerbaijan. As you probably know, I arrived in Baku just three weeks ago. On my second day at work, I presented my credentials to President Aliyev and we had a warm and open discussion on the strength of U. S-Azerbaijan relations and the ways in which we can advance them even further. All of this has shown me that our bilateral relationship is based on a solid foundation and benefits from the dedication of people in both our countries who are committed to strengthening it. I would like to take a brief moment to recognize one of those people, whom you all certainly know well. Embassy this past year, as well as a member of the AmCham Board since Thank you very much, Will, for your tireless dedication to improving the ties between the United States and to Azerbaijan. Let me recognize Jay for his role in deepening this engagement. The United States has been here since the beginning; we have stood shoulder to shoulder with the Azerbaijani people for 27 years to help you maintain your independence and sovereignty, expand and diversify your economy, and develop democratically. Since , the U. Over 6, Azerbaijanis have traveled to the United States on U. These alumni now occupy leading positions in your government, civil society, the private sector, and, of course, AmCham. These programs are born from our belief that a stable and prosperous Azerbaijan is essential for advancing our common goals of stability and prosperity throughout the region and across the globe. We believe your success and our success are mutually reinforcing. And I believe that everyone in this room has an important role to play in achieving that success. A dynamic and engaged business community in a vibrant and open private sector is the only way to compete effectively in the global economy. One area of unquestioned economic success for Azerbaijan has been in the energy sector. Caspian energy resources have not only enriched Azerbaijan, but also helped it play an important role in Europe. The Southern Gas Corridor is not only an important project for Azerbaijan, it is also a key component to guaranteeing the political and energy security of Europe. Just as the United States played a critical role in supporting the Baku-Tbilisi-Ceyhan pipeline in the late s, we will continue to support the Azerbaijani government and its private sector partners to ensure the completion of the Southern Gas Corridor. The U. USAID has also invested in youth and women to promote small business development and increase economic participation. Next week, USAID is also sponsoring the first ever Illinois-Azerbaijan Agricultural Forum in Chicago, facilitating linkages and investment opportunities between American and Azerbaijani companies to further advance the sector. This forum will be attended by the Minister of Agriculture and senior members of the Azerbaijani government. We are encouraged by the significant steps the government has taken to reform the State Customs Committee, the tax system, and the delivery of government services through the ASAN service centers. These reforms send an important signal that Azerbaijan is interested in creating a welcoming and attractive investment climate. AmCham has played an important part in this process. Your biennial White Paper has proven to be an excellent way for the business community to have an open dialogue with the government. That conversation has been fruitful, and I believe it will continue to be so in the future. And you can count on the continued support of the U. Embassy for AmCham. The global economy is large, and it is very competitive. Every country in the world is fighting to attract foreign investment and to develop industries that create jobs and exports. When making investment decisions, U. They look at the size, health, and transparency of the domestic market. They look at the quality of the labor pool. They look at the regulatory and tax regimes. And they look at the predictability of the legal environment. Ultimately, U. One case in point is the protection of intellectual property rights. When it comes to attracting foreign investment, countries that have strong intellectual property right protections have an immediate advantage over those which do not. At a fundamental level, foreign investors want to know that they will receive a fair price for the goods and services they sell and that their innovations are protected. Opening your market brings with it benefits that far outweigh the challenges of integrating with the global economy. We support a clear and sustained effort by Azerbaijan to accede to the World Trade Organization as one of the best ways to realize the goals of economic diversification and attracting foreign investment. Economies that are dominated by a handful of individuals or entities will struggle to attract foreign investment and produce the entrepreneurs that make any economy truly dynamic. Most importantly, U. Ensuring that these reforms are properly applied requires predictability and transparency in the way an independent judiciary reaches decisions and government agencies implement regulations. I see great potential for deepening economic ties between Azerbaijan and the United States, and indeed the rest of the world. From my initial discussions with Azerbaijani officials and business leaders, I know I am not alone in this optimism. Embassy will remain a committed partner in strengthening those ties through our assistance, our advocacy, and our people-to-people exchanges. Of course, while we will continue to do our part, much of the work falls on those in this room. A healthy private sector is the foundation of a healthy economy. You understand the power of people, of creativity, of adaptation, and growth. You understand the power of private enterprise when given the freedom to compete in a fair, transparent, and predictable environment. I look forward to working with the AmCham Board of Directors, the Executive Director and her capable staff, and the entire AmCham membership to deepen ties between our two countries and promote prosperity in Azerbaijan. Open PDF. Deloitte Azerbaijan is pleased to provide you with this brief overview of the Azerbaijani personal tax and compliance procedures. For your convenience, this guide is presented as a list of FAQs and you can contact us to discuss your specific situation. AzInTelecom starts cooperation with an influential company of South Africa. International Astronautical Congress in Baku brings excitement and business opportunities. Trade in your premium car to Volvo and get a special discount of 2 AZN. Emphasizing the integration of science and education, the Minister discussed ongoing reforms aimed at modernizing the national education system, aligning it with international best practices, and equipping students with the skills necessary for success in a globalized world. In his address, Minister Emin Amrullayev underscored not only the critical educational reforms underway but also extended a call for corporate responsibility in youth development through sports. As the President of the Azerbaijan Basketball Federation since , Minister Amrullayev has played a pivotal role in advancing basketball in Azerbaijan. Minister Amrullayev urged the business leaders present in the audiance to consider supporting sports initiatives, including the Azerbaijan Basketball Federation, as part of their corporate social responsibility efforts. He emphasized that such support would not only promote a healthy lifestyle and teamwork among Azerbaijani youth but would also provide them with opportunities for personal growth, leadership development, and national pride. Deloitte Azerbaijan introduced its 'Best Managed Companies' program, recognizing top privately owned Azerbaijani businesses for excellence in governance, operations, and leadership. Hertz Azerbaijan LLC highlighted its year experience in transportation, offering B2B and B2C services and stressing health, safety, and environmental responsibility. JURIS Law Center wrapped up with an overview of its legal expertise, providing strategic solutions for local and international businesses in Azerbaijan. The project underscores the significant contribution of cinema to preserving and celebrating national identity, while also highlighting the role of cultural projects in education and national pride. The event concluded with a networking lunch, allowing participants to engage in further discussions, explore potential partnerships, and strengthen ties within the business community. Click for all the media from the eventClick for the highlights from the event. In his opening remarks, Mr. As COP 29 approaches, we are focused on leveraging green finance to position Azerbaijan at the forefront of the climate action movement. Sadullayev, Mr. The third speaker, Ms. Jalilova spoke about how Azerbaijani financial institutions are uniquely positioned to advance green finance initiatives by integrating sustainable practices across all levels of the economy. Stallmeister was joined by industry experts who shared insights on key areas of sustainable development. Khayala Nagiyeva, CFO and Member of the Board at Azerbaijan Green Energy Company, highlighted the latest developments in Azerbaijan's renewable energy sector, focusing on ongoing initiatives and future opportunities in solar, wind, and hydropower. İrem Barzilay, Head of Sustainable Finance at Garanti BBVA, contributed by discussing decarbonization opportunities and the financial sector's essential role in reducing carbon footprints and facilitating a transition to a low-carbon economy. The second panel, moderated by Ms. Huseynli and her fellow panelists offered in-depth case studies on green bond issuances and the development of green portfolios. Kyrylo Mykhomedzyanov from IFC provided international expertise on green portfolio development. Nurlan Hajiyev, Senior Director and Country Manager at Visa, introduced the concept of green calculation, a tool designed to help businesses and consumers track and reduce their carbon footprints through financial transactions. Additionally, Mr. Farid Abushov, Chairman of the Management Board at Unibank, offered a local perspective, detailing how Azerbaijani financial institutions are adapting to global trends by developing and offering sustainable financial products. The third panel, Green Finance Investment and Infrastructure, explored how investment in sustainable infrastructure can promote long-term environmental and financial resilience. Moderated by Mr. Vugar Namazov of Unicapital, the discussion featured leading voices in the field of green finance. Samra Talishinskaya-Abbasova from Unibank highlighted the transformative potential of technological innovation in green finance. She emphasized the importance of accurate ESG data and the role it plays in mitigating greenwashing. Other panelists addressed the importance of governance, technology, and market mechanisms in supporting green finance initiatives. Ruslan Khalilov, CEO of the Baku Stock Exchange, examined how leveraging technological innovations can foster green finance through capital markets, positioning the exchange to attract sustainable investments. This landmark event came at a pivotal time, as Azerbaijan prepares for its participation in COP Throughout the conference, speakers emphasized the need for collaboration between the public and private sectors to scale up green investments and build a sustainable, low-carbon economy. Discussions also underscored the essential role of financial institutions in achieving the climate goals outlined in the Paris Agreement, particularly through the development of innovative green finance products and sustainable infrastructure investments. The conference brought together top cybersecurity professionals, and leaders from the public and private sectors, both locally and internationally. Dayanat Sadullayev, Mr. Zaur Allahverdizade, Mr. Oscar Bogopolskiy, Mr. Babek Aghayev and Ms. Rena Mammadova engaged as panelists, offering their insights on pressing cybersecurity concerns and the latest developments in the field. The conference, themed 'Cyber Security for the Green Economy,' focused on innovations and the emerging challenges posed by digital transformation. It also explored global best practices for safeguarding systems, networks, and data against cyber threats. As the digital landscape evolves, cyber security has become crucial for businesses, governments, and individuals in protecting sensitive information and maintaining trust. This event successfully united leaders from various sectors to discuss and promote sustainable practices and innovative solutions to contemporary environmental and economic challenges. Gulnara Aslanbayli, delivered the welcome speech, setting a constructive tone for the day's proceedings and emphasizing the importance of the topics discussed. Following her, Mr. Dayanat Sadullayev, the newly appointed President of AmCham Azerbaijan, greeted the audience warmly and outlined the chamber's ongoing initiatives and commitment to fostering a sustainable business environment. Taking the opportunity, he congratulated the newly elected board of directors and wished them success in their endeavors. Aslanbayli underscored the significance of the Sustainability Handbook for Azerbaijan's economy and highlighted the key aspects and primary objectives of the book's creation. Afterwards, Ms. Vladanka Andreeva, UN Resident Coordinator in Azerbaijan, then highlighted the UN's efforts and partnerships aimed at achieving sustainable development goals in the region. She noted that the handbook is a comprehensive guide designed to enhance the private sector's knowledge in environmental, social, and governance ESG practices. The AmCham Sustainability Handbook serves as a practical tool, offering detailed approaches and various perspectives on sustainable development that businesses can apply in both daily operations and strategic goal setting. Following the introductory speeches, Mr. His presentation covered key strategies and practical steps outlined in the handbook, designed to guide businesses in implementing effective sustainable practices. Participants engaged with Mr. Hajiyev through questions and discussions about the handbook's content. She then introduced Ms. Later, Mr. The event concluded with a networking lunch, offering attendees the opportunity to further discuss the day's topics, exchange ideas, and explore potential collaborations. Click here to read the handbook Click for all the media from the event. The Chamber believes that companies must understand their role in shaping climate policy, contributing to sustainability efforts, and leveraging opportunities for innovation and development. By fostering dialogue and cooperation between the private sector, government, and other stakeholders, the Chamber aims to promote meaningful actions towards a more sustainable and resilient future. What is this handbook? This handbook is a comprehensive guide aimed at supporting and enhancing the private sector's knowledge in the areas of environmental, social, and governance ESG practices. The AmCham Sustainability Handbook serves as a practical tool offering detailed approaches and various perspectives on sustainable development that the private sector can apply in both daily operations and strategic goal setting. Why did you choose to release this practical guide now? We have long desired to release a Sustainability Handbook, having discussed it for about years. We are very pleased that, in partnership with Sustainera Solution and with the support of BP Azerbaijan, this opportunity has now arisen. Currently, the integration of sustainable development principles into corporate management standards has become an crucial. Companies are facing situations where adherence to ESG principles is a prerequisite for continued business development, but in practice, it is not always clear which standards are applicable, how to apply them, and how to set long-term and short-term goals. I believe this handbook will become a desk reference for business development, sustainable development, and HR professionals. The relevance of the AmCham Sustainability Handbook lies in its accessible language and clear information on existing trends, goals, and standards. Considering that the implementation of ESG standards is currently a priority for the state, its relevance is undeniable. Moreover, the universality of the AmCham Sustainability Handbook makes it interesting not only for the private sector but also for professionals in government structures and students. Lastly, in developing Handbook, we aimed to create a resource that promotes the exchange of practices and helps companies mitigate environmental and social risks. It is widely acknowledged that non-financial risks now dominate over financial ones, related to social and environmental issues. Therefore, our goal in enhancing corporate governance through the implementation of ESG standards is risks reduction and achieving positive change. Rena, we use the term 'Sustainable Development' But what is 'Unsustainable Development'? Sustainable development entails a harmonious blend of economic growth, social justice, and minimal impact on the environment. In contrast, unsustainable development is a model primarily focused on economic achievements aimed solely at profit generation and capital accumulation. Unsustainable development results in environmental degradation, social inequality - a significant gap between the rich and the poor, deteriorating living conditions, and economic instability. Often, businesses are focused solely on short-term goals, only on the present moment, which frequently leads to economic instability. Sustainable development, on the other hand, involves a long-term strategy consisting of short-term steps. Thank you so much Rena, there is an opinion that sustainable development is an expensive pleasure Can businesses calculate how beneficial it is in the long or medium term to be sustainable? Yes, the opinion that sustainable development is indeed an expensive endeavor and may not always be affordable for small and medium-sized enterprises is widely spread and it is true. Because ESG approach is required to innovations, additional investments in new technologies, science based approach which may not always be within the means of medium and small entrepreneurs. In such situations, the support of international and governmental financial institutions is important, including grants, loyal loan programs, and the provision of expert and advisory services. Implementing sustainable development approaches at the initial stage requires investment, which may initially seem unreasonably expensive, but in the long run, it brings significant benefits to businesses that are concrete and measurable. For example, this includes cost savings on energy resources and production costs. For example, by effective waste management and circularity approach the initial waste can become a row material in production circle. As I already mentioned the sustainable development stimulates innovative approaches, and any innovation always gives a competitive advantage in the market - it not only increases productivity but also employee loyalty - because one of the key principles of the social part of ESG is a social approach, transparency, accountability, compliance and human rights. Companies that invest in sustainable development practices today will be in a more advantageous position tomorrow, possessing advantages in terms of specific economic resources and reduced risks. To demonstrate all the benefits of sustainable development practices, the AmCham Sustainability Handbook was created, including. When the Handbook will be released? Thank you for your interesting questions.. Yusif Abbasov and Mr. Abdulla Huseynli were elected as the tellers. Hajiyev introduced the 13 candidates running for 10 vacant positions on the Board of Directors. Nargiz Nasrullayeva-Muduroglu delivered a comprehensive presentation on the accomplishments achieved during her presidency and concluded with a farewell speech. She highlighted the achievements and initiatives during her tenure and expressed her gratitude to the AmCham community for their dedication and contributions. The anonymous voting process involved authorized representatives of AmCham Regular Members, all of whom have a strong business reputation and standing in the community. The Chairman of the AGM announced the election results for the new Board members, who will serve a two-year term from to The AGM concluded with a speech by Ms. Gulnara Aslanbayli, who extended her best wishes to the newly appointed President and Board Members. This special event brought together the dynamic AmCham community for an evening of networking and engagement, providing members with the invaluable opportunity to connect with candidates running for vacant seats on the AmCham Board of Directors. Amidst friendly and relaxed atmosphere, attendees enjoyed listening to the candidates' speeches while sipping on cocktails, offering a refreshing break from their busy schedules. This year, there are 10 vacant positions on the Board, each vital for representing the business community effectively. Board members dedicate their time and expertise voluntarily to serve for a two-year term , with one member also being elected as President and Chairman of the Board of Directors. A total of 14 accomplished professionals stepped forward, each offering their unique vision and dedication to steer AmCham towards continued excellence. Click for highlights from the event. Click for all the media from the Event. After the opening of the day, Mr. After that, Mr. Belobrov talked through the difference between upskilling and reskilling and in which cases, the companies can utilize these approaches to create business value and better employee engagement and development. The session continued what E-learning means, what it covers and how modern world demands this digital approach to employee development. Its elements, benefits, and monitoring process were heavily discussed. One of the important points made was how IDPs can turn into investment in the employees and the future of the organization. AmCham Executive Director Ms. Throughout the event, participants engaged in high-level discussions, met with key decision-makers, and visited government institutions and corporate headquarters. The conference commenced with a dynamic session at the U. Chamber of Commerce and others. Discussions covered strategic insights on various topics, including the U. Notable highlights of the conference included dialogues at the U. Department of Commerce and the Atlantic Council, where participants gained valuable insights into transatlantic relations and the upcoming U. The conference also featured engaging discussions on key sectors for cooperation, including energy, AI, cybersecurity, and defence. These discussions focused on sectors vital to Miami's economy, including infrastructure, tourism, and technology. As the conference concluded, participants left with a renewed sense of purpose and anticipation for future collaborations. The event underscored the significance of transatlantic cooperation and highlighted the role of AmChams in fostering robust business environments on both sides of the Atlantic. Gulnara Aslanbayli expressed her enthusiasm about the outcomes of the ACE Conference, stating, 'The conference provided invaluable opportunities to strengthen partnerships and gain insights into key issues shaping transatlantic relations. We look forward to building on these discussions to drive growth and prosperity for our member organizations. The meeting was opened with the welcome notes from Ms. Gurban Karimbayli, highlighted the role of ESG-related activities in the implementation of the port's development strategy. Mahammad Aliyev, Port of Baku Projects Manager, shared an overview of green solutions in the port operations. Narmin Jafarova, Drilling Fluids Analyst, shared their presentation on how to minimize waste, maximize resource efficiency and promote sustainable practices across operations by incorporating circular economy principles into business model. The second guest speaker, Maria Teresa Pisani, Chief of Trade Facilitation Section under Economic Cooperation and Trade Division of the United Nations Economic Commission for Europe, made presentation on exploration of the benefits for businesses from sustainability practices in supply chain management- with the special focus on global experiences, particularly in developing and transit countries. Additionally, discussions explore the status and prospects of the circular economy in Azerbaijan. It should be noted that AmCham Azerbaijan recognizes the critical importance of businesses in addressing global challenges such as climate change. As Azerbaijan approaches COP29, it is imperative for businesses to understand their role in shaping climate policies, contributing to sustainability efforts, and leveraging opportunities for innovation and growth. February committee meeting aims to elucidate why businesses should actively participate in COP29 and how their engagement can yield mutual benefits. By fostering dialogue and collaboration among businesses, policymakers and stakeholders, the Chamber seeks to catalyze meaningful action towards a more sustainable and resilient future. Procurement The Working Group on Procurement was established at the end of FMCG The mission of FMCG Committee is to contribute to the improvement of legislation and legal practice in the areas of commercial and company law, as well as to promote standards of best practice in marketing goods and services. Some Facts about AmCham Azerbaijan The American Chamber of Commerce in Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Read More Robert F. Robert F. Although much work remains to be done, there is a great deal to be proud of. These positive steps, however, are just the first in a journey that must continue. Thank you for having me today and thank you for welcoming me so warmly to your country. ADA University. Hyatt Regency Baku.

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Areas around Artsakh were calm, with the exception of small-arms fire in the direction of a joint Azerbaijani-Russian patrol in Stepanakert known to Azerbaijanis as Khankendi on 2 October. Russian peacekeepers dismantled their observation posts around Artsakh and assumed traffic police duties,1 having also assisted the last departures of ethnic Armenians. Attempts to kickstart peace negotiations between Armenia and Azerbaijan proved mostly futile. Furthermore, while Armenia signaled a willingness to sign a peace treaty5 to reduce the military threat to its territory that is sandwiched between mainland Azerbaijan and Nakhchivan, Azerbaijan and Iran started to build a road and rail link to the exclave bypassing Armenia. An outcry over claims of an Israeli missile strike on a hospital in Gaza City on 17 October added tensions to the streets. Demonstrators defied blanket bans on pro-Palestine protests in major German cities and across France, and police intervened in some events. A top administrative court later overturned the French ban, while some restrictions remained in main cities in Germany. Notable clashes between pro-Palestine demonstrations and police also occurred close to a pro-Israel event in Amsterdam on 15 October and near the Israeli embassy in Athens on 18 October. Suspected Syrian nationals set off a small explosive device near the Israeli embassy in Cyprus. Lone-wolf incidents led to further security concerns as authorities drew connections between threats in Europe and the developments in the Middle East. On 16 October, in Brussels, a Tunisian man shot dead two Swedish soccer fans and wounded a cab driver in an apparent retribution for recent public Quran burnings in Sweden. Authorities across France and Belgium repeatedly evacuated schools, airports, and tourist sites due to hoax bomb alerts. Tighter border controls were introduced across the passport-free Schengen zone. Gatherings were initially dispersed in Dagestan but were later allowed. The events reportedly resulted in over 20 rioters and nine law enforcement officers injured in clashes; one of the injured law enforcement officers subsequently died in a hospital. Elsewhere in the North Caucasus, protesters in Karachaevo-Cherkessia called for the expulsion of Jews, while unidentified perpetrators set ablaze a Jewish center under construction in Nalchik, Kabardino-Balkaria. Russian authorities, who had stepped up their antisemitic rhetoric in the past year,14 blamed Ukraine and the West for instigating violence. In Central Asia, authorities mostly suppressed demonstrations. On 29 October, Uzbek police detained almost all participants in an attempted pro-Palestine demonstration in Tashkent. Ukraine continued to execute large numbers of cross-border strikes into Russian territory in October, though at lower levels than in September. Regional authorities in the Bryansk and Kursk regions reported power outages due to shelling and claimed that Ukraine used cluster munitions. The number of drone strikes in the Bryansk and Kursk regions stayed roughly the same, while the number of intercepted drones decreased. Repeated drone strikes in the vicinity of a nuclear power plant in the Kursk region on 26 and 27 October allegedly damaged a nuclear waste facility. Further afield, suspected Ukrainian drones hit a missile production site in the Smolensk region as well as a helicopter pad and a fuel processing plant in the Krasnodar region. Having weathered the Ukrainian counter-offensive since the beginning of June, Russia resumed its assault on the Ukrainian semi-encircled stronghold around Avdiivka north of Donetsk city on 10 October. The assault comes after Russian forces seemingly abandoned the effort in spring. Despite heavy losses in personnel and equipment,17 Russian forces advanced in areas north of Avdiivka and captured a waste heap overlooking a coke plant and a nearby Ukrainian supply route. Russia reportedly committed about 40, troops to the offensive, reminiscent of the drawn-out battle for Bakhmut. Russia responded with increased aerial bombardment and shelling of the area. By the end of October, traffic along the alternative route close to Ukrainian and Romanian shores on the Black Sea ground to a halt due to Russia reportedly airdropping explosives in the area. It nevertheless continued sending mostly kamikaze drones to areas further away from the frontlines almost every night, with the Ukrainian air force and other military infrastructure in the Cherkasy, Poltava, and Khmelnytskyi regions repeatedly targeted. A nuclear power plant in the latter region sustained minor damage in a Russian drone strike on 25 October.

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