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AHK Azerbaijan Newsletter | 06.05.2022
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On 29 April 2022, the Energy Transition Working Group of AHK Azerbaijan launched its activities with a kick-off meeting. The meeting was attended by more than 20 company representatives.
Opening the meeting, Tobias Baumann welcomed the participants, introduced Dr Michael Hilmer, Chairperson of the Energy Transition Working Group and delved into the energy prospects for Azerbaijan and their implications for regional energy security. Dr Michael Hilmer, in his speech, talked about the local alternative and renewable energy sources, expanded on the investment climate in the energy sector and went through the crucial topics pointed out by the member companies in the brief survey on the establishment of the Energy Transition Working Group.
The meeting continued with a round of introductions and a session on gathering ideas from the participants, which Dr Michael Hilmer moderated. During the meeting, it was agreed that the Energy Transition Working Group would focus on addressing key challenges in the regulation of the local energy market, renewable and alternative energy generation capacities and tendering process and funding opportunities.
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Dear AHK members and partners,
We are pleased to invite you to participate in the next AHK Impuls event on Wednesday, 11 May 2022, from 12:00 to 14:00 which will take place at Hyatt Regency Baku, Hyatt Hall (6 Izmir Str.).
AHK Impuls will be dedicated to tax legislation and administration in Azerbaijan and the honorary guest speaker of the event is Mr Orkhan Nazarli, Chief of the State Tax Service under the Ministry of Economy of the Republic of Azerbaijan.
Please inform us beforehand, if there is a specific question, suggestion or challenge that you are facing with regard to tax legislation and administration in Azerbaijan. Your questions and suggestions will be addressed anonymously.
The event will be held in Azerbaijani and will be simultaneously translated into English.
To participate please, register for the event by completing the e-form until 6 May 2022. Upon entrance you will need to show your immunity certificate or a valid COVID-19 vaccination passport.
AHK Impuls event provides you with an excellent chance to showcase your company and services (including 15 minutes’ company presentation) or to make a presentation about the relevant topic. Please, do not hesitate to contact us if you are interested in endorsement opportunities.
The participation of one person from the member company is free of charge. For each additional participant from the member companies, the participation fee is 30,00 AZN. Non-members are charged 50,00 AZN per person.
We are looking forward to welcoming you at AHK Impuls!
Further infomation is available on our website.
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From June 20 to 24, 2022, AHK Azerbaijan together with RENAC AG is organising the business trip "Renewable Energy in Azerbaijan" for German companies to Azerbaijan within the framework of the project Export Initiative Energy of the German Federal Ministry of Economics and Climate Protection. Within this four-day business trip, German companies and key Azerbaijani stakeholders will have the opportunity to participate in the German-Azerbaijani Sustainability Forum on June 21, 2022, focusing on "Renewable Energy in Azerbaijan".
The business trip offers you the opportunity to get to know the current market situation on-site in more detail and enables a professional and solution-oriented exchange between the relevant market participants. German companies will gain access to the country's key operators through B2B meetings, visits to government agencies, roundtable discussions, and company visits.
Take advantage of this opportunity to access new business opportunities, get to know projects, and expand your professional business network on site!
Please register via this link.
Should you have any further questions, please contact Ms. Turkan Maharramova (E-Mail: turkan.maharramova@ahk-baku.de, Tel: +994 12 497 63 06).
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We would like to inform you about IFAT 2022, the world’s leading trade fair for water, sewage, waste and raw materials management, to take place in Munich from 30 May till 3 June 2022.
IFAT is held every two years at Messe Munich and brings together more than 3.000 exhibitors. Exhibitors from all over the world present here their latest products and services on environmental solutions. The exhibition ranges from wastewater treatment over air purification to drainage and soil treatment technology. By participating in this exhibition, you can benefit from the technical supporting program.
Here, you can find more information about the trade fair and the tickets. AHK Azerbaijan will be delighted to support your participation at IFAT 2022.
Should you have any further questions, please feel free to contact Ms. Turana Yagubova via Email (events@ahk-baku.de) or by phone (+994 12 497 63 06/07).
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There are in total 792.599 confirmed cases with 9.709 recorded deaths within the country, while 782.839 patients have recovered. A total of 51 people are placed under quarantine in Azerbaijan. Over the past period, more than 6.826.926 tests have been carried out in Azerbaijan to identify new cases of coronavirus (COVID-19) infection.
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Measures to remove some restrictions in the quarantine period
The Republic of Azerbaijan extended the quarantine period until 1 July 2022, and as of 1 May 2022, the requirement to use personal protective tools (medical mask, cloth mask, respirator, etc.) will abolish. The use of medical masks is no longer mandatory and only recommended.
AZAL to resume flights between Baku and Berlin
Azerbaijan Airlines will resume flights between Baku and Berlin starting on 29 May 2022. The airline will operate special flights on the Baku-Berlin-Baku route twice a week - on Tuesdays and Sundays. Flight tickets for these and other flights performed by AZAL can be booked on the official website of the Airline (www.azal.az) and the carrier's accredited agencies.
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Note: AHK Azerbaijan is following a rotational shiftwork and remembering all health and safety compliances. We are available to our members and clients during this time and can be reached by e-mail or mobile phone (+994502076097).
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If you feel ill stay at home and call
the health hotlines: 103, 113 and 1542!
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| Here you will find the most important direct sources of information for Azerbaijan as well as for the postponed and cancelled trade fair events in Germany. |
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Germany plans to invest in new aluminum plant in Azerbaijan’s Ganja city, Tobias Baumann, Executive Director of German-Azerbaijani Chamber of Commerce (AHK Azerbaijan), told Trend.
According to the executive director, the majority of the investments in this
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joint venture together with British counterparts, will be provided by German side.
“The overall volume of the investments in the project will amount to 300 million euros. This is more than we have ever invested in Azerbaijan,” he noted.
As Baumann explained, the number of German companies working in Azerbaijan is always changing. Germany is engaged in projects in Azerbaijan in various sectors, such as heavy transport, installation, distribution of machinery, and more.
“We do have companies that are permanently based in Azerbaijan as well. Overall, according to our estimates, there are around 200 German companies active in Azerbaijan every year,” executive director added.
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EU is one of the main trade partners of Azerbaijan, EU Ambassador to Azerbaijan Peter Michalko said at a press conference, dedicated to the celebration of Europe Day on May 9, in Baku on May 4, Trend reports.
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Azerbaijan's foreign trade turnover increased by 63.6 percent in 1Q2022, compared to the same period last year, amounting to $10.9 billion, Azerbaijani Economy Minister Mikayil Jabbarov wrote on his Twitter, Trend reports. More
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The EU will seek to increase oil imports from the Gulf countries, Nigeria, Kazakhstan and Azerbaijan, the New York Times says citing sources, Trend reports. More
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BP is in negotiations with the Government of Azerbaijan on new projects in renewable energy sector to be implemented in the territories liberated from Armenian occupation [during the second Karabakh war in 2020], Bakhtiyar Aslanbayli, BP’s vice president for the Caspian region, said during the panel discussion on "Rethinking the results that are important for Azerbaijan", Trend reports. More
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Azerbaijan is getting ready for the first auction on renewable energy projects, the country’s energy ministry told Trend. “Azerbaijan has taken important steps to improve the legal framework for using renewable energy sources and eventually adopted a law in 2021 on use of renewable energy in electricity generation.
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The law identifies auctions and direct involvement depending on the strategic importance of projects as the two ways of implementing alternative energy projects in a more effective and competitive environment. As part of these efforts, a draft rule of selecting electricity producers on the territory of renewable energy sources has been worked out and submitted to relevant state structures. The process of organizing the auctions will start after the document is approved. The auctions will primarily cover wind and solar energy projects,” the ministry said.
The ministry noted that the European Bank for Reconstruction and Development (EBRD) is engaged in the project on Support for the Implementation of Renewable Energy Auctions in Azerbaijan.
“It is planned to determine the auction rules, set of terms for auctions, as well as to work out sale and purchase agreement for electricity. At the same time, preparations are underway for the first auction,” said the energy ministry.
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Cargo traffic operations in the Baku International Sea Trade Port are very practical, Ambassador of Greece to Azerbaijan Nikolaos Piperigkos said during his visit to the port, the port told Trend. According to him, the Embassy of Greece in Baku is aimed at strengthening ties between Azerbaijan's port and the ports of Greece. More
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On 19 April 2022, the next online meeting of the Financial Services Working Group took place with the participation of more than 40 company representatives. The meeting was focused on the economic impacts of the pandemic and emerging risks for recovery.
After the opening remarks by Tobias Baumann, Evgenia Gashikulina welcomed the participants and the guest speaker - Werner Claes, Member of the Supervisory Board of AccessBank and noted that he was a professional with over 20 years of extensive experience in the banking sector, particularly in the fields of risk management, modelling and operational efficiency.
In his presentation, Werner Claes shared his views from a more global and holistic perspective, talking about the tools that can help businesses deal with crisis situations. He expanded on these issues, touching upon several topics related to economic impact and interconnectivity, means to fight the crises in international markets, climate theme and managing under extreme uncertainty.
The meeting was moderated by Evgenia Gashikulina and the presentation by the guest speaker was followed by an engaging question and answer session.
For more information about the event, please click on the link.
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Upcoming events
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Contact person Supported by: |
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Zinyat Amirova
Market Analysis and Communications
AHK Azerbaijan |
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Deutsch-Aserbaidschanische Auslandshandelskammer | Alman-Azərbaycan Xarici Ticarət Palatasι | German-Azerbaijani Chamber of Commerce
Winter Park Plaza, 7th floor 75 Rasul Rza Str.; 1014 Baku, Azerbaijan; +994 12 497 63 06/07
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