AHK Impuls

On October 17, 2024, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted the AHK Impuls event focused on COP29, as part of a series themed "Innovate, Collaborate, Transform – Building a Sustainable Tomorrow," aimed at preparing for the upcoming COP29 in Azerbaijan. The AHK Impuls Event featured more than 70 representatives from member companies and partners of the Chamber. Honorary guests of the event, Kamal Abbasov, Deputy Minister of Energy of the Republic of Azerbaijan, and Sevinj Fataliyeva, Member of the Milli Majlis and a member of the COP29 Organizing Committee, provided exclusive insights into the developments in Azerbaijan's green energy sector and the upcoming COP29. Following this, there was an insightful panel discussion with prominent business representatives.

The Deputy Chairman of the AHK Azerbaijan Board, Dr Henning Sasse, greeted the event participants in the opening speech and gave an overview of the event's agenda. Then, he gave the floor to Heiko Schwarz, Deputy Head of Mission at the Embassy of the Federal Republic of Germany in Azerbaijan.

Mr Schwarz delivered welcoming remarks, emphasizing the exciting opportunities available for German businesses to explore Azerbaijan's potential. He pointed out that the aim is to promote the sharing of German innovative expertise and foster collaboration between our two countries and the EU as a whole. He concluded by stating, "COP29 could act as a catalyst for accelerating development throughout the region. Let’s seize this opportunity to drive innovation and sustainable growth together! I’m quite sure that Azerbaijan will be globally recognised in the future not only as a producer of oil and gas but also as a leader in green energy."

In his speech, Kamal Abbasov highlighted key insights on the dynamic developments and projects in Azerbaijan's green energy sector, emphasizing its potential for sustainable growth and innovation. He stated, "As a result of implementing strategic measures, the government plans to increase renewable energy sources to 33% of total capacity and 25% of production by 2027'. This initiative aims to raise the share of renewable energy in installed capacity and boost electricity production, enabling Azerbaijan to surpass its 30% target for 2030. To achieve these goals, Azerbaijan has significant potential in renewable energy sources." He also noted that Azerbaijan is collaborating on renewable energy projects with leading international companies, including Masdar, ACWA Power, and bp. These partnerships will facilitate domestic consumption, contribute to the decarbonization of the economy, and enhance exports over the next decade. Additionally, he stressed the importance of COP29 in the fight against climate change for a sustainable future.

We received an impactful video message from Dr Vera Rodenhoff, Deputy Director General for International Climate Action and International Energy Transition at the German Federal Ministry for Economic Affairs and Climate Action. She highlighted the ambitious goals for global energy transition and the urgent requirement to improve energy efficiency. Dr Rodenhoff highlighted COP29 as a crucial opportunity for governments and businesses to collaborate across borders, driving progress toward a sustainable and green future.

Sevinj Fataliyeva’s speech on COP29 highlighted Azerbaijan’s initiatives to promote a green economy and sustainable development. Key highlights included the Baku Initiative for Climate Finance, Investment, and Trade (BICFIT), which was recently presented at the WTO Public Forum in Switzerland. Azerbaijan supports programs to raise ecological awareness and has signed memorandums with the UN for methodological and technical support to ensure compliance with international standards. She also outlined COP29's main goals, such as establishing a climate action financing fund to enhance funding for climate initiatives, which will receive contributions from fossil fuel-producing countries and private companies. Additionally, Fataliyeva emphasised the importance of Azerbaijan's collaboration with the International Parliamentary Union (IPU) in the parliamentary component of COP29. Following her speech, Ms Fataliyeva answered participants' questions thoroughly, providing insightful and detailed responses.

The event proceeded with an engaging panel discussion titled "ESG Impacts on Sustainable Development: Energy, Transportation, and Construction," moderated by Ilkin Hajiyev, Executive Director of Sustainera Solutions.

The panel featured esteemed panellists: Elmir Musayev, General Director of SOCAR Green LLC; Khalid Samaka, Board Member of the Azerbaijan Cement Producers Association (ACPA); Vugar Hajiyev, QHSE Team Leader at PMD Projects LLC; Gurban Karimbayli, ESG Advisor and SDG Project Manager at Baku International Sea Trade Port CJSC; and Gunay Asgarova, Senior Manager of Broader Assurance Services at PwC Azerbaijan. The panellists informed event participants about their companies' sustainability and ESG strategies, highlighting key environmental, social, and governance aspects. They shared insights on various projects and solutions to advance these strategies and their initiatives toward a sustainable future.

The event concluded with a question-and-answer session, lively discussions and a business lunch afterwards. 

We extend our gratitude to Yelo Bank OJSC for their generous event sponsorship. More

"Innovate, Collaborate, Transform - Expectations for COP29"

On June 13, 2024, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) initiated a series of events themed "Innovate, Collaborate, Transform - Expectations for COP29" to prepare for the forthcoming COP29 in Azerbaijan. The kickoff event, AHK Impuls on COP29, featured around 100 representatives from member companies and partners of the Chamber. Honorary guest of the event, Ms Nigar Arpadarai, UN Climate Change High-Level Champion for COP29 Azerbaijan, provided exclusive insights into the upcoming COP29. Following this, there was an insightful panel discussion with prominent business representatives.

Member of AHK Azerbaijan Board, Mr Farid Guliyev, greeted the event participants in the opening speech of the meeting and gave an overview of the event's agenda. Then he gave the floor to Dr Ralf Horlemann, Ambassador of the Federal Republic of Germany to Azerbaijan. More

On February 28, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organised the next AHK Impuls event, including representatives of more than 70 member companies, partners of the Chamber, as well as members of the delegation of the German Eastern Business Association. Honorary guest of the event, Chairman of the Board of the Energy Regulatory Agency of the Republic of Azerbaijan, Dr Samir Akhundov, gave a speech on "Azerbaijan's electricity sector: brief overview and reforms". At the meeting, the Vice President of Uniper Global Commodities SE for the gas supply of the countries of the southern region, Dr Michael Hilmer and Schneider Group's Chief Business Development Officer, Olaf Letzel, participated.

Executive Board Member of AHK Azerbaijan, Mr Tobias Baumann, greeted the event participants in the opening speech of the meeting and informed the participants about several events and meetings held recently. Then, Mr Baumann introduced the honorary speaker, Dr Samir Akhundov and talked about his rich career and his contributions to AHK Azerbaijan. Mr Baumann also thanked Schneider Group for its support in organising the event. He then gave the floor to Dr Michael Hilmer.

Dr. Michael Hilmer mentioned their ten years of activity in the field, covering involvement in both the oil and gas as well as the electricity markets. Mr Hilmer spoke about the changes that have taken place in recent years and informed the participants about the focus on renewable energy and the "Law on the use of renewable energy sources in the production of electricity".

In his speech, Mr. Letzel discussed the activities of the Schneider Group, including aspects such as company law and taxation, interim management, and accounting. He stressed that they are active in internal audit, human resources, market research and other areas. At the end of his speech, he expressed his satisfaction that the German Eastern Business Association delegation also participated in the event today and expressed his gratitude to the event participants.

During his presentation, Dr Samir Akhundov gave extensive information about the activities of the Agency before starting his speech on "Azerbaijan's electricity sector: a brief review and reforms". Later, he spoke about the reforms carried out in the field of electricity. Mr Akhundov stated that the Law of the Republic of Azerbaijan on Energy, adopted in 2023, provides general legal, economic and management bases of activity in the field of energy, as well as ensuring energy security, forming a healthy competitive environment, supporting sustainable economic development, providing consumers with reliable, high-quality, accessible and safe energy.

The event concluded with a question-and-answer session, lively discussions and a business dinner afterwards.

We extend our gratitude to Schneider Group for their generous sponsorship of the event. More

On 1 November 2023, German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organized the next AHK Impuls event for its member companies. The honorary guest speaker, Mr Mammad Aslan Abbasbeyli, Head of the State Service for Antimonopoly and Consumer Market Control, spoke on the topic of “Advancing Competition and Public Procurement: Regulatory Reforms”. Following this, Mr Ahmad Hasanov, Head of the Public Procurement Department at the State Service for Antimonopoly and Consumer Market Control, conducted a workshop with business representatives.

The event was initiated with the opening speech of the Executive Director of AHK Azerbaijan, Mr Tobias Baumann, who welcomed the member companies and introduced the speakers before handing over the floor to an honorary guest of the event, Mr Mammad Aslan Abbasbeyli.

In his speech, Mr Abbasbeyli welcomed the guests and highlighted the State Service's active role in government-private sector engagement. He emphasized their commitment to building a sustainable economy and fostering growth through the private sector. Mr. Abbasbeyli also stressed the importance of clear and open regulatory formats and explained their efforts in simplifying and interpreting complex regulations.

He discussed the four main regulatory mandates designed to benefit consumers and support businesses, including competition code, public procurement, quality, and consumer protection. Mr Abbasbeyli announced significant reforms in the competition legislation, updating outdated laws to reflect the current economic reality. He also introduced a government program to improve the competitive environment, emphasizing the collective responsibility of various government agencies.

Additionally, Mr Abbasbeyli mentioned efforts to educate the younger generation about competition economics to prepare them for future careers in the business world. Finally, he outlined key features of the new public procurement law, including expanded scope, digitalization, budget transparency, blacklisting of process-manipulating businesses, framework agreements, and a waiting period for potential complaints.

Then, Mr Tobias Baumann gave the floor to the honorary guest speaker of the event, Mr Ahmad Hasanov.

In his speech, Mr Ahmad Hasanov extended a warm welcome to the esteemed guests and delivered an insightful presentation on the implementation of the new public procurement law. During his address, he covered a range of topics, including the historical evolution of the law, the importance of compliance with legal provisions, and the various updates and enhancements made to the legislation to ensure its contemporary relevance.

After his speech, Mr Hasanov answered questions raised by the AHK Azerbaijan members and expressed his gratitude to the Chamber for the given opportunity to have direct dialogue with the representatives of relevant sectors. The event was concluded with a networking lunch. More

On 4 July 2023, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organised the next AHK Impuls with the participation of over 70 representatives from members and partners of the Chamber. The honorary guest speaker Mr Shahin Baghirov, Chairman of the State Customs Committee of the Republic of Azerbaijan, spoke on the topic of “Customs Regulations in Azerbaijan: Current Trends and Enhancing Public-Private Cooperation”. Also at the meeting, Ms Sevinj Rahimova, the Founder and Director of SERA Holding LLC, gave information about the services and activities of Smart Finans LLC.

Opening the event, Mr Tobias Baumann, Executive Director of AHK Azerbaijan, welcomed the member companies, greeted the representatives of the diplomatic missions, introduced the speakers and expressed his gratitude towards Smart Finans LLC for supporting the AHK Impuls event. He then passed the floor to Ms Sevinj Rahimova.

In her keynote address, Ms Sevinj Rahimova welcomed the guests and gave information about the activities and services of Smart Finans LLC, which is a part of SERA Holding. Ms Rahimova said the company provides finance, accounting, consulting and audit services. She also spoke about customs services, which are among the most exciting subjects for entrepreneurs, and emphasised the state's support for this area.

Then Mr Tobias Baumann gave the floor to the honorary guest speaker of the event Mr Shahin Baghirov.

In his speech, Mr Shahin Baghirov welcomed the event participants and said that the State Customs Committee is always open to such initiatives and emphasised the importance of these kinds of meetings contributing to business-customs partnership. First, Mr Bagirov gave extensive information about the strategic goals, missions and principles of the State Customs Committee.

Later, Mr Baghirov shared detailed information about each of the completed projects. Mr Baghirov also highly appreciated the cooperation of the companies in the completion of the electron account application, as well as he said that since May 10 of the current year, all entrepreneurs carrying out import-export operations have become users of the electronic account application and informed that the mobile data of the application is already available. Mr Baghirov also stressed the importance of requesting the electronic notification form from the customs offices.

Following this, Mr Baghirov said that the ongoing projects were carried out on the basis of regular discussions and gave extensive information about the risk management system project. Mr Baghirov also said that they will be able to check whether the products brought to the country of this project have been approved not only by the State Customs Committee but also by other institutions through the risk management system.

At the end of his speech, Mr Shahin Baghirov emphasised the importance of the principle of transparency and called on private sector representatives to cooperate with the customs authorities.

The event was followed by concluded with a question-and-answer session, lively discussions and a business networking dinner. More

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. More

On 13 December 2022, AHK Azerbaijan organised the next AHK Impuls with the participation of over 50 representatives from members and partners of AHK Azerbaijan. The event was dedicated to the prospects of energy transition in Azerbaijan and maintaining energy security. The honorary guest speaker was Mr Samir Valiyev, Deputy Minister of Energy of the Republic of Azerbaijan. Dr Michael Hilmer, Vice President at Uniper Global Commodities SE and Mr Vitaly Yakovlev, Managing Partner at KPMG Azerbaijan Limited further contributed their remarks on energy transition.

Opening the event, Mr Tobias Baumann, Executive Director of AHK Azerbaijan, welcomed the member companies, greeted the representatives of the diplomatic missions, introduced the speakers and expressed his gratitude towards KPMG Azerbaijan Limited for supporting this AHK Impuls event.

In his keynote, Mr Samir Valiyev pointed out that Azerbaijan is currently on the third level of its energy strategy, which is focused on consolidating energy security for Azerbaijan and also its partners.

Speaking about the development of bilateral relations between Azerbaijan and Germany, Mr Valiyev noted: “Azerbaijan is a key trade partner for Germany in the South Caucasus. Last year, the bilateral trade turnover increased by 57% and was close to 1.3 billion USD.  During the last four years, Germany has been supplied with more than 5.7 million tonnes of Azerbaijani oil. From January to August this year, crude oil accounted for 96.6% of our exports to Germany.”

Mr Valiyev then turned to renewable energies and first highlighted Azerbaijan’s high potential and stressed the positive environment, in which private investments are replacing government investment, highlighting Azerbaijan as a reliable partner.  

Following this keynote, Dr Hilmer gave insights into the energy transition in Germany. He proudly announced that this AHK Impuls is also the kick-off event for the newly established AHK Working Group on Energy Transition.

Mr Yakovlev brought in the perspective of local investors and gave examples of how to provide incentives to potential investors to support the energy transition.

These three perspectives were followed by a lively question and answer session and a networking dinner. More

On 6 July 2022, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organised the next AHK Impuls event for its member companies. The event was dedicated to employment policies and practices in Azerbaijan. The honorary guest speaker of the event, Mr Mustafa Abbasbeyli, Chairman of the Board of the State Employment Agency under the Ministry of Labour and Social Protection of Population of the Republic of Azerbaijan delivered a speech on "Role of Employment Policy in Ensuring Economic Development". 

Opening the event, Mr Tobias Baumann, Executive Board Member of AHK Azerbaijan, welcomed the member companies and partners before introducing and handing over the floor to the honorary guest of the event, Mr Mustafa Abbasbeyli.

In his speech, Mr Abbasbeyli emphasised the ministry’s aim to attract and retain as many people as possible in the active labour market, i.e., the taxpayers, underlining how a disturbance in the transition between the active labour market contributors and social security beneficiaries would be detrimental to the economic state. He then stated how the Azerbaijani labour market legislation continued to be socially oriented but aimed at transitioning into a hybrid model, which would be a balance between the social state and liberal economy.

Mr Abbasbeyli then provided details on the relationship between economic and population growth, which in the case of developing nations such as Azerbaijan, is defined by stronger population growth than an economic one. This leads to issues such as not being able to provide sufficient job positions. Yet, it is also an advantage as population growth means more consumption and demand in the economy, increasing the GDP through production growth, thus, creating more employment.

Mr Abbasbeyli highlighted the significance of applying innovation, especially in economic sectors with high employment but low productivity, such as agriculture, as well as underlining the size of the informal economy in Azerbaijan, which is estimated to equal to the number of labour agreements.

Moreover, he expressed the importance of the digital economy and digital transformation. The ministry is one of the most innovative government bodies, with more than 100 services out of 130 being provided electronically. Finally, the Chairman of the Board of the State Employment Agency concluded his speech by emphasising the significance of SME development in increasing economic sustainability and diversification.

 The event then continued with a Q&A session accompanied by a networking dinner. More

On 10 February 2022, the German-Azerbaijani Chamber of Commerce organised the next AHK Impuls event for its member companies. The honorary guest speaker of the event, Mr Vusal Huseynov, Chief of the State Migration Service of the Republic of Azerbaijan, delivered a speech on "Migration Management in Azerbaijan: Addressing New Challenges". The event was held at the Hyatt Regency Baku Hotel in strict compliance with all requirements of a quarantine regime and recommendations for safety and health.

Opening the event, Executive Director of AHK Azerbaijan, Mr Tobias Baumann welcomed the member companies and greeted the representatives of the diplomatic missions participating in the event before handing over the floor to the honorary guest of the event Mr Vusal Huseynov.

In his speech, Mr Huseynov provided detailed information on the main activities of the State Migration Service and the institutional reforms and regulations to improve the activities of the organisation. It was also announced that important steps have been taken to minimise the impact of the rules on the COVID-19 pandemic, one of the most important challenges of the last two years, on the private sector and the lives of migrants in the country. He emphasised the importance of improving services provided to entrepreneurs, creating new e-services and various benefits applied to legalise the residence of migrants within the country.

Furthermore, Mr Huseynov noted that a second important challenge is a growing demand for foreign labour in the country in connection with the restoration and construction work begun on the liberated territories. He said the quotas were increased accordingly, taking into account the growing demand in this direction. "Although the quota for 2021 has been set at 6,740 people, however out of necessity, this number has been increased by 1,000 people and reached 7,740 people. This number is predicted to be 8740 people in 2022. This will help revitalize the business environment and ease the quarantine regulations."

Considerations about the social projects of the State Migration Service, the Service Chief mentioned that work is underway on a project to establish a Regional Training Center for Migration in Azerbaijan, jointly implemented by the International Organization for Migration and the State Migration Service.

Speaking about the social projects of the State Migration Service, Mr Huseynov mentioned that currently, the work is underway on a project to establish a Regional Training Center for Migration in Azerbaijan, jointly implemented by the International Organisation for Migration and the State Migration Service.

Concluding his speech, Mr Huseynov expressed his gratitude to the German-Azerbaijani Chamber of Commerce for the given opportunity to have a direct dialogue with the representatives of the private sector. The event was concluded with a networking dinner. More

Deputy Head of the State Service for Antimonopoly and Consumer Market Control, Mammad Abbasbayli met AHK Azerbaijan members 

On 16 November 2021, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organised the next AHK Impuls event for its member companies. The event was held in the "Hyatt" hall of the "Hyatt Regency" Meeting and Conference Center in strict compliance with all requirements of a quarantine regime and recommendations for safety and health. The honorary guest speaker of the event, Mr. Mammad Abbasbayli, Deputy Head of the State Service for Antimonopoly and Consumer Market Control, delivered a speech on "Antimonopoly Regulation and Competition in Azerbaijan: Vision for the Future". 
 
The event was initiated with the opening speech of the Executive Director of AHK Azerbaijan, Mr. Tobias Baumann, who greeted the representatives of the diplomatic mission participating in the event before handing over the floor to an honorary guest of the event to Mr. Mammad Abbasbayli. 
 
By referring to the annual AHK Business Climate Survey recently launched by AHK Azerbaijan, Mr. Abbasbayli noted that ensuring transparency in public procurement and improving tender criteria and procedures are one of the main requirements outlined by the foreign companies for a sustainable business and investment climate in Azerbaijan. He noted that the results of the survey are being analysed by the organisation and the feedback and suggestions of the companies will be considered in the reform agenda moving forward.  
 
Then, Mr. Abbasbayli informed the participants about the activities of the State Service and the ongoing institutional reforms to improve the activities of the organisation. It was also noted that important steps have been taken recently towards sustainable economic growth through liberal and competitive economic policies. Speaking about the new directions identified for the promotion of competitive neutrality in the markets with direct state participation in order to further improve the business environment, Mr. Abbasbayli noted that a new improved draft of the Competition Code has been prepared taking into account both international experience and the conditions of economic growth of Azerbaijan. According to the Deputy Head, at present, the project is at the stage of coordination with the relevant structures. 
 
The event also provided information on the strategic goals of the State Service for Antimonopoly and Consumer Market Control. It was noted that the protection of a fair and free competitive environment that ensures the efficient and unimpeded operation of market participants, enhancing competitiveness in the national economy and supporting sustainable development, digitalisation of services, creation of a consumer-centric ecosystem are identified as the main priority goals and strategic pillars for 2022-2026. 
 
Concluding his speech, Mr. Abbasbayli expressed his gratitude to the German-Azerbaijani Chamber of Commerce for the given opportunity to have direct dialogue with the representatives of the private sector. The event was concluded with a networking dinner. More

On 29 October 2021, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organised the next AHK Impuls event for its member companies. The honorary guest speaker of the event, Mr Safar Mehdiyev, Chairman of State Customs Committee of the Republic of Azerbaijan, delivered a speech on the topic of "Strengthening Public-Private Partnership in Customs Control and Clearance". The event was held in the Hyatt Hall of the Hyatt Regency Baku Hotel in strict compliance with all requirements of the quarantine regime and recommendations for safety and health.

Opening the event, Mr Tobias Baumann, Executive Board Member of AHK Azerbaijan greeted the participants and briefly introduced the agenda of the event.

Following this, the honorary speaker of the event, Mr Mehdiyev gave detailed information to the participants of the event on the activities of the State Customs Committee and the work carried out by the Committee to increase transparency, to combat the shadow economy and smuggling and to strengthen the human potential against the changing global economic landscape. He especially mentioned the activities of the Committee to significantly reduce the scope of the physical inspections and increase their efficiency as a result of the public-private partnership. Additionally, Mr Mehdiyev spoke about the recent fiscal reforms implemented in Azerbaijan, including e-services provided by the Committee and priority goals set to improve this area.

Talking about the implementation of modern and facilitated procedures and its adaptation into the legislation, he informed the participants of the work by the Committee to improve the “Green Corridor” system and develop the customs services and stressed the importance of applying the principle of voluntary participation when paying the customs duties. Mr Mehdiyev noted that 750 companies had already joined the “Green Corridor” system and they constitute 30% of total exports and 41% of total imports.

Touching upon the utmost importance they attach to the international cooperation and foreign direct investments, Mr Mehdiyev said that new Customs Code had been drafted to ensure a competitive economy, moreover new trends in the global trade was reflected in the Azerbaijani customs reforms. He emphasised that the digitalisation of the services would provide the population with easy and convenient access to these services and increase the opportunities to optimise the current system.

After his speech, Mr Mehdiyev answered questions raised by the AHK Azerbaijan members and expressed his gratitude to the Chamber for the given opportunity to have direct dialogue with the representatives of the private sector. The event was concluded with a networking lunch. Ətraflı

On July 1, 2021, the German-Azerbaijani Chamber of Commerce (“AHK Azerbaijan”) organised an AHK Impuls event for the member companies with the support of “Ameco” LLC and “Sahhat” clinic. The honorary guest of the event was Mr. Himalay Mamishov, Chairman of the Board of the State Social Protection Fund, who delivered a speech on "A new approach to social protection in Azerbaijan." The event was held in the "Guba" hall of the "Hyatt Regency" Meeting and Conference Center in strict compliance with all requirements of a special quarantine regime and recommendations for safety and health.

The welcoming speech of the Executive Director of the AHK Azerbaijan, Tobias Baumann, was followed by the presentation of Dr Sabina Gafarova, Application Specialist at Ameco LLC. During her speech, Dr Gafarova introduced a new express COVID-19 antibody tests and stressed the importance of making tests accessible to everyone as an effective way to prevent the spread of the coronavirus.

Then, Mr. Mamishov, the honorary guest of the event, informed the participants about the activities of the State Social Protection Fund and the measures carried out to strengthen the social insurance system in the country. In particular, he spoke about the work done by the Fund to ensure the transparency and increase the efficiency of social protection and pension systems. Moreover, Mr. Mamishov highlighted the recent reforms in the field of social security in Azerbaijan, including large-scale e-services provided and the priorities identified towards developing this area.

Mr. Mamishov particularly emphasised the importance of the e-social portal for both the social insurance system and citizens. He noted that the digitalisation of services has further enhanced the ability to optimise the built-in system to ensure that people can easily and conveniently use these services. In addition, the prompt response to citizens' questions on social media has created a great basis for improving the quality of services provided.

Concluding his speech, Mr Mamishov expressed his gratitude to the German-Azerbaijani Chamber of Commerce for the given opportunity to have the direct dialogue with the representatives of the private sector. Following the Q&A session on the enquiries of the AHK Azerbaijan members, the event was concluded with networking dinner. More

(AHK Azerbaijan) organised the next AHK Impuls event for the AHK member companies. The event was focused on the development trends of the transportation and logistics industry in Azerbaijan.

After the opening remarks by the Chairman of the AHK Board of Directors, Mr Farid Isayev, the honorary guest speaker of the event, Director-General of the Port of Baku, Dr Taleh Ziyadov delivered a key-note speech on “Port of Baku as Emerging Logistics Hub: Boosting International Trade”.

Dr Ziyadov informed the companies about the Memorandum of Understanding signed between Port of Baku and the APEC Port Training Center of the Port of Antwerp and the upcoming training targeted at specialists in the field of transport, trade and logistics. Also, he discussed the new opportunities in communication lines of the country created after Azerbaijan restored its territorial integrity, development strategy of Port for the next two years, agreements reached with leading logistics hubs and transportation companies in Asia and Europe, and innovations in the region's transport sector.

The event was followed by the question and answer session on the enquiries of member companies with the moderation of Ms Nigar Bayramli, Deputy Executive Director at AHK Azerbaijan. More