AHK Impuls keeps the reconstruction and restoration works carried out in the Karabakh Economic Region in the spotlight
On 7 April 2023, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organised the next AHK Impuls event with the participation of more than 60 company representatives and partners of the Chamber. The honorary guest speaker of the event, Mr Emin Huseynov, Special Representative of the President of the Republic of Azerbaijan in the liberated territories of the Karabakh Economic Region (except Shusha district), spoke on the topic "Reconstruction works and investment opportunities in the liberated territories of the Karabakh Economic Region". The event mainly revolved around the investment potential of the liberated territories, the efforts so far and the way ahead.
In his opening remarks, Mr Tobias Baumann, Executive Board Member of AHK Azerbaijan, welcomed the participants and expressed his gratitude to the Yelo Bank OJSC for supporting the event. He then passed the floor to Mr Emin Huseynov, the honorary guest speaker of the event.
Mr Huseynov gave information about the reconstruction works and development in Karabakh region: “The initial stage in Karabakh began with demining activities, and this process lasted for a year. Reconstruction works are currently underway in Karabakh, and vigorous activities continues, especially in transport and logistics, energy and water, and communication lines.”
Speaking about the business opportunities in Karabakh and the investment potential of the area, Special Representative of the President in the Karabakh Economic Region: "The potential investment opportunities in Karabakh mainly in agriculture, food industry, mining, tourism industry and the reconstruction of these areas is of high importance. Speaking about the restoration of the transport system and the construction works carried out in Karabakh in the last two years, he spoke about the transportational and logistical advantages of the newly built airports. Giving information about applying sustainable technologies and "Green Energy", Mr Emin Huseynov also touched upon the issue of creating a green zone in Karabakh. He stated that by the decision of President Ilham Aliyev, the processes to reduce potential CO2 emissions to zero by 2050 are being successfully implemented.
At the same time, Mr Huseynov emphasised German companies' contribution to Azerbaijan's economy. He noted that the successful continuation of these relations in the Karabakh region is also interesting for the economy of both countries.
In his speech, Mr Huseynov brought up the perspective of local investors and gave examples of opportunities for German investors and how to present incentives to potential investors.
The event was concluded with a question-and-answer session, lively discussions and a networking dinner afterwards.