CIIC attended event named Startup Adventure-2015 which was held on 24 February, 2015 at Azerbaijan Diplomatic Academy (ADA). Event brought some of the world’s top startup experts to tomorrow’s high-potential startup hubs. The main purpose of the event was gathering of entrepreneurs, investors, and ecosystem leaders in an exclusive setting to help build the future.
24 February 2015
Azerbaijan Banking and Finance Conference, arranged by Adam Smith Conferences, took place at Fairmont Hotel Baku on 4-5 February, 2015. CIIC attended this two-day event the major discussion topics of which were government initiatives to maintain a sound regulatory environment for financial markets and to strengthen the investment climate, raising Azerbaijan’s attractiveness in a wider financial marketplace, trade and cross border finance and others.
04 February 2015
Azerbaijan-Georgia-Turkey Business Forum, arranged by AZPROMO and Ministry of Economy and Industry, was held in Batumi on 6 March, 2015 and was attended by CIIC. Delegation from Azerbaijan headed by Minister of Economy and Industry of Azerbaijan Republic Mr. Shahin Mustafayev consisted of almost 40 local companies’ representatives.
06 March 2015
On March 3, 2015 CIIC attended Azerbaijan-Czech Business Forum arranged by AZPROMO with support of Ministry of Economy and Industry at Baku Business Center. Delegation headed by Minister of Trade and Industry of Czech Republic Jan Mládek consisted of 40 companies from different areas of industry.
03 March 2015
On April 2 CIIC has attended 14th Azerbaijan International Travel and Tourism Exhibition, AITF 2015 started its work in Baku Expo Centre. At AITF 2015 there were 17 national groups in attendance from Argentina, Bulgaria, Iran, Georgia, the Dominican Republic, India, Malaysia, Morocco, UAE, Slovenia, Thailand, and Turkey, among other countries. Since its foundation, the AITF exhibition is actively supported by the Ministry of Culture and Tourism of the Republic of Azerbaijan. AITF is also supported by the World Tourism Organization (UNWTO), the Azerbaijan Tourism Association (AzTA), and the International Tourism Trade Fairs Association (ITTFA).
20 April 2015
Energy outlooks and possibilities of cooperation with business have been on the agenda today (May 13) at the business forum with participation of Natig Aliyev, Minister of Energy of the Republic of Azerbaijan, hosted by the Caspian European Club.
Addressing the business forum, Natig Aliyev stressed meetings within the framework of the Caspian European Club are effective and useful for the development of the business-government dialog.
He referred to the work that Azerbaijan had carried out in the energy sector. According to him, the oil sector is a main pillar of the domestic economy. Last year Azerbaijan reached important for the country agreements in the energy sector and successfully continued the implementation of oil and gas projects. “Azerbaijan secured stability of the oil and gas production. In 2014 the country produced 42 million tonnes of oil a year and 29.6 billion cubic meters of gas”, the minister stressed.
According to Natig Aliyev, last year export comprised 35.2 million tonnes of oil. “At that, Azerbaijan accounted for 67.9% of oil exports, namely oil from the Azeri-Chyrag-Gunashli fields and condensate from the Shah Deniz field”, the minister said.
Coming to the development of the power industry, Natig Aliyev stressed last year 24 billion KWh of electricity had been generated in the country. Of this, Azerenerji-run grid accounted for 22.4 billion KWh, while the rest amount was generated by small energy companies.
According to Natig Aliyev, earlier technical, geological, technological and other production risk were taken into consideration when making investment into the energy sector, while today’s investment is associated largely with the geopolitical situation. “We are watching these trends in the global energy market”, he stressed.
The global demand for energy resources is expected to grow by 2035, Natig Aliyev said. According to him, at present there are 1 billion cars in the world. By 2035 this figure will double. Respectively, they must be provided with fuel. In addition, the demand for petrochemicals is growing increasingly. Thus, the role of oil and gas as a main energy source will remain high in the future.
He also referred to the energy market. So, if 10-20 years USA and the EU were the major energy consumers, nowadays the situation is changing rapidly and the demand is increasingly growing in such countries as China, India and Southeast Asian countries.
Addressing the forum, N.Aliyev noted that the major task is to enhance Azerbaijan’s role. Important work was carried out in the field of energy last year. The task for coming 5 years is to have Azeri gas supplied to Europe. This work started in 2011 and the major related documents and agreements have already become a reality”, the minister said and reminded that the session of the Advisory Council of the Southern Gas Corridor took place in September of the past year.
“We are pleased that on April 29 the government of Italy solved all issues concerning the gas pipeline including Environmental Impact Assessment and compliance with the EU legislation”, the minister emphasized.
According to him, operations on Shah Deniz II project, expansion of Sangachal terminal and South-Caucasus Pipeline, are underway ahead of schedule. “30-32% of operations have been performed within the frame of these projects”, he said.
He noted that Azeri gas will reach Turkey and Europe in 2019, 2020 respectively.
The Minister also touched a four-sided meeting of Ministers of Energy of Azerbaijan, Turkey, Turkmenistan and Vice President of the European Commission MarošŠefčovič that Ashgabat has recently hosted. According to N.Aliyev, the Turkmen side took an active part at the meeting and supported the Trans-Caspian project as a party. “We agreed to continue negotiations on regular basis”, he noted. Apart from this, the Turkmen side expressed an intention to annually sell 30 bcm of gas on its border. Nevertheless, there are still many transit related issues left to solve, the minister noted.
The Minister also touched the restructuring of oil and gas processing sector, development of petrochemical industry.
Business-forum participants’ proposals on this subject as well as issues that were of interest to the Caspian European Club member companies were discussed at the end of the event.
Addressing the business forum, Chief Executive Officer of Caspian European Club Telman Aliyev spoke about the Caspian Energy Forum. He expressed gratitude to the Ministry of Energy for stable support and active dialogue with member companies of the Caspian European Club. T.Aliyev thanked Natig Aliyev for a constructive dialogue as well as for attention to proposals and requests made by Caspian European Club member companies during the event.
According to him, within the frame of the business forum the companies obtained answers to questions that were of interest to them and discussed ways of cooperation with the ministry.
Telman Aliyev spoke about the Caspian Energy Forum and noted that the following Caspian Energy Forum would be chaired by Prime Minister of the Republic of Kazakhstan Karim Massimov on September 30, 2015 in Astana (Kazakhstan).
He said the Caspian European Club was established in June 2002 with active participation of Caspian Energy International Media Group and under support of the largest oil and gas companies working in the Caspian and Black Sea region. His Excellency President of the Republic of Azerbaijan Ilham Aliyev is the Chairman of the Caspian European Club. According to Telman Aliyev, the Caspian European Club has promoted attraction of oil sector revenues into development of the non-oil sector since its establishment. Caspian European Club, which brings together over 5,000 member companies and organisation, is operating in 50 countries around the world, carrying out an active work to maintain the dialogue between government agencies and the private sector.
Minister of Energy of the Republic of Azerbaijan Natig Aliyev was presented an honorary membership certificate of the Caspian European Club. Certificates were also given to new member companies of the Caspian European Club. Participating in the business-forum of the Caspian European Club were heads of companies and representatives of a number of diplomatic agencies accredited in Azerbaijan.
20 May 2015
Интервью 1news.az с исполняющим обязанности главного менеджера Каспийской международной инвестиционной компании (CIIC) Орханом Агаларовым
– Господин Агаларов, каковы перспективы вашей компании в реалиях нынешней экономической ситуации и в частности после существенного изменения курса национальной валюты?
– Хотелось бы отметить, что подобные изменения, включая девальвацию, напрямую зависят от ситуации в мировой экономике и событий, влияющих на нее. Несмотря на экономическую нестабильность в мире, наша страна продолжает уверенный курс развития благодаря действиям со стороны правительства во главе с уважаемым Президентом Ильхамом Алиевым.
Предпринимаются все меры для поддержания стабильности в стране, минимизации влияния внешних факторов и обеспечения дальнейшего роста экономики и ее диверсификации.
Явления как девальвация валюты или же санкции против России, в действительности создают новые возможности для отечественного производителя, и влияют на увеличение бизнеса, ориентированного на экспорт, в частности в сфере сельского хозяйства. Все существующие на данный момент рыночные условия увеличивают спрос на зарубежные инвестиции. Исходя из этого, мы уверены в дальнейших перспективах развития нашей компании и в достижении положительных результатов.
– Каковы положительные стороны привлечения инвестиции от CIIC?
– Будучи международной инвестиционной компанией, CIIC на данном этапе применяет долевое финансирование (equity financing), что является одним из наиболее приемлемых финансовых инструментов в нынешней ситуации, позволяющих в значительной мере положительно влиять на развитие бизнеса и экономику страны в целом. Долевое финансирование подразумевает распределение потенциальных или же существующих рисков, присущих той или иной сфере бизнеса. Данный тип финансирования в значительной мере отличается от банковского кредитования, как минимум отсутствием фиксированных платежей по вложенным средствам.
Допустим, если проект, в который мы инвестируем, на каком-то этапе своего развития несет убытки, то мы как долевые участники также разделяем убытки. Если же бизнес получает доход по результатам своей деятельности, то соответственно распределение данного дохода между акционерами или же инвестирование прибыли в развитие бизнеса обсуждается и решается долевыми участниками. Наряду с вышеуказанным хотелось бы отметить другие положительные стороны сотрудничества с нашей компанией:
– Привлечение дополнительных финансов и задействование в данном вопросе наших учредителей, которые являются крупными иностранными инвесторами;
– Международный опыт специалистов нашей компании, а также сотрудников наших учредителей в формировании и усовершенствовании производственных процессов, финансовой отчетности, внедрении корпоративного управления и внутреннего контроля;
– Взаимодействие новых инвестиционных проектов с существующими проектами в сфере формирования каналов продаж, поставок и т.д., что также является одними из важных факторов привлечения финансовых ресурсов со стороны СIIС.
– Какие сферы являются приоритетными для CIIC на данный момент?
– Изначальной целью при создании CIIC было инвестирование в проекты, не связанные с нефтегазовым и финансовым секторами Азербайджана. Исходя из этого принципа, наша компания открыта для проектов, охватывающих все прочие секторы экономики.
– Каковы требования для привлечения инвестиций со стороны CIIC?
– Мы инвестируем в проекты сфер производства и услуг, соответствующие нормам шариата и являющиеся финансово прибыльными. Отмечу, что наша компания недавно запустила обновленную версию корпоративного сайта (www.ciic.az), где любой желающий может найти всю необходимую информацию относительно критериев и принципов, которым необходимо соответствовать для привлечения инвестиций с нашей стороны. Также заполнив соответствующую форму на нашем сайте, вы сможете направить информацию относительно бизнес-проекта непосредственно нашим специалистам.
– Благодарим Вас за интервью и желаем успехов в новых проектах.
20 May 2015
On May 15 CIIC attended Azerbaijan-Saudi Arabia Business Forum which was held in Heydar Aliyev Center. More than 100 Arabian companies from various sectors has been presented during the forum.
17 May 2015
On May 6, 2015 CIIC attended the Business forum arranged by Caspian Energy Club at Grand Hotel Europe. The event was headed by Ministry of Education Mr. Mikayil Jabbarov.
07 May 2015
Caspian International Investment Company attended 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) which was held in Baku on 2-5 May, 2015.
About 3,000 participants, including senior officials, business leaders, investors, financiers, journalists, and civil society representatives from around the world gathered in Baku for the event. The overall theme for this year’s meeting is “Fostering Partnership for Development.”
05 May 2015
On September 16, CIIC attended Azerbaijan-Czech Business Forum organized by the Azerbaijani Export and Investment Promotion Foundation (AZPROMO) and supported by the Ministry of Economy and Industry. Azerbaijani President Mr. Ilham Aliyev greeted the participants and stressed the importance of the event for further development of relationships between two countries. He also noted that $27 billion were invested in Azerbaijan in 2014, adding that foreign investments are significant here. President of Czech of Republic Milos Zeman highlighted similarities between two countries, especially in the field of economy. In addition, he noted that more than 200 Azerbaijani students study in Czech Republic and stressed the opportunities to enhance the ties in this area.
Within the Azerbaijan business persons more than 50 Czech companies operating in industry, banking, IT, tourism, agriculture, logistics, construction, engineering have been represented in the event. Forum has been continued with bilateral meetings between Azerbaijani and Czech business persons.
17 September 2015
On November, 26 the delegation of officials and entrepreneurs headed by the Minister of Economy and Industry Shahin Mustafayev visited Republic of Belarus to participate in two-day Belarus-Azerbaijan Business Forum. The event was attended by officials as well as entrepreneurs from both countries representing different business spheres such as agriculture, industry, ICT, construction, tourism, finance etc. Azerbaijan delegation has been acquainted with activity of engineering, agriculture and pharmacy institutions of Belarus. CIIC representative participated in one-to-one meetings arranged for discussion of business opportunities between entrepreneurs during the event.
28 November 2015
Azerbaijan – US Business Forum supported by the Ministry of Economy and Industry, and organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and US-Azerbaijan Chamber of Commerce (USACC) was held on November 19, 2015. The event which held at Baku Business Center was attended by officials from both countries as well as around 100 entrepreneurs representing different business spheres such as construction, energy, ICT, chemicals, food industry, education, engineering, production of medical supplements, pharmacy, aviation, transport, machines and technologies in construction, cosmetic and washing products etc.
CIIC representatives participated in one-to-one meetings during the event.
19 November 2015