ECONOMY
TUTORIAL COUNCIL OF INVESTMENTS PROMOTION AND CONSULTATION FUND ESTABLISHED
Members of Entrepreneurs Council under the President of the Republic of Azerbaijan, representatives of foreign embassies, international organizations, and financial structures participated in the assembly, which was opened by Minister of Economic Development Farhad Aliyev. In his speech, the Minister told of the work, implemented with the purpose to develop entrepreneurship, form favorable business environment, increase interest of foreign invertors and international financial organizations to Azerbaijan, justified the necessity of establishment of the new structure.
Then, the elections to the Tutorial Council, consisting of 28 members were held. Farhad Aliyev was elected as a Chairman of the Council, while Deputy Minister of Economic Development and Chairman of Entrepreneurs Council, member of the New York Bar Mikail Jabbarov – as a president of the Fund. Representatives of Ministries of economic development, taxes, finance, justice, State Customs Committee, National Bank, UN Development Programme, embassies of foreign countries in Azerbaijan, European Bank for Reconstruction and Development, International Financial Corporation, US International Development Agency, American Chamber of Commerce, Europa House, TACIS, GTZ Society, Soros Foundation, various companies and joint-stock ventures were elected to the Tutorial Council.
Ambassador of Germany to Azerbaijan Klaus Grevlich, US embassy representative Michael Lalli, UNDP Resident Representative Marco Borsotti, President of “Azersun Holding” Gozal Abdulbari spoke during the discussions.
Working Plan of the new structure from August 1 to December 31 of this year was approved in the meeting.