Baku hosts Financial Innovation Forum
Today, June 4th, opened in Baku Azerbaijan Financial Innovation Forum , which brought together more than 150 local and foreign companies operating in different fields.
The main topics of discussion at the two-day event are «private banking», asset management, luxury real estate, investment funds, brokerage, and management of personal and family capital. Law firms will touch the legal aspects of structuring investments in Azerbaijan, Azerbaijan's integration into the global financial market. The event will also address current challenges to the banking sector, the model holding companies as a tool for the protection of property, etc.
The participants of the forum were Brian Johnson (representative of Platinum Financial Services, UK) , Alan de Saram (CARD, Cayman Islands ) , Marina Kuznetsova (SAXO Bank, Cyprus) , who spoke of their proposed financial instruments , as well as the establishment of offshore companies .
Participation in the Forum will give firms the opportunity to find new business partners and customers, to find opportunities for the international market, learn about new trends in world finance, investment and legislation, according to the company Hansa Fincon, being the organizer of the forum.
In Azerbaijan, despite the presence of the legal framework, there is no investment funds and collective investment institutions. The forum discussed the use of ready-made solutions for the creation of venture capital funds abroad. Venture Fund - an investment fund focused on work with innovative companies and projects. Venture capital funds invest in securities or shares of enterprises with high or relatively high degree of risk in anticipation of extremely high profits.
The forum will be attended by representatives of BSE, Azerbaijan Export Promotion and Investment Fund (AZPROMO) and JSC AtaHolding. - 08C-
Economics
-
The volume of money transfers from Russia to neighboring countries continued to decline in 2024, according to data from the central banks of Kazakhstan, Georgia, Armenia, and Azerbaijan analyzed by RBC. The figures, which account for transactions through banking infrastructure and money transfer systems such as Zolotaya Korona, Unistream, and Contact, highlight a continued downward trend after a surge in remittances in 2022.
-
Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
-
Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
-
Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
Leave a review