thebusinesslyearAzerbaijan2012

61

From Little Loans - FOCUS: Microfinance

Away Game - O&A: Up & Comers

Elmar M. Mammadov, Chairman of the

Management Board at Kapital Bank ­INTERVIEW

Jahangir Hajiyev, Cha ir man of the Boardat the International Bank of Azerbaijan­INTERVIEW

Elman Rustamov, Governor of the Central

Bank of Azerbaijan Republic - INTERVIEW

Olly Norojono, Resident Representative ofthe Asian Development Bank - INTERVIEW

On the Banks of the Caspian - REVIEW:Banking

Azer Mursagulov, Advisor to the ExecutiveDirector at the IMF - GUEST SPEAKER

Fawaz Al-Issa, Vice-Chairman and CEO of

Turkapital - INTERVIEW

Commerce Khan Work - FOCUS: RegionalTrade

Farid Asadov, Chairman of the Executive

Board at AtaHolding - INTERVIEW

Joseph M. Owen, World Bank CountryManager for Azerbaijan - GUEST SPEAKER

76

74

72 Growth For All- ROUNDTABLE: Local Banking

FINANCE

78

There & Back - REVIEW: Cap ital Markets

Emin Aliyev, Chairman of the Board atBaku Stock Exchange - INTERVIEW

The Next Step - REVIEW: Insurance

Ruslan Aliyev, President of Ateshgah Groupof Companies - INTERVIEW

82 The Compulsory Flipside - O&A: Insurance

80

71

70

61

66

59

69

56

53

64

58

62

50

39

13

10

Adi! A. Mammadov, President of AZPROMO- INTERVIEW

Come Rain or Shine - REVIEW

Shahin Mustafayev, Minister of EconomicDevelopment -INTERVIEW

Shahmar Movsumov, Executive Director of

the State Oi! Fund of Azerbaijan (SOFAZ) ­INTERVIEW

In Search of Solutions - FOCUS: Nagorno­Karabakh

Giorgio Napolitano, President of Italy ­GUEST SPEAKER

Catherine Ashton, European Union HighRepresentative for Foreign Affairs andSecurity Policy - GUEST SPEAKER

Agshin Mehdiyev, Ambassador for thePermanent Mission of Azerbaijan to the UN- GUEST SPEAKER

A Growing Voice - FOCUS: Regional Affairs

Ambassador Pactraig Murphy, SpecialRepresentative of the OSCE Chairperson­in-Office for the South Caucasus - GUESTSPEAKER

Dr. Heinz Fischer, the President of Austria- INTERVIEW

Elmar Mammadyarov, Minister of ForeignAffairs - INTERVIEW

Colonel-General Kamaladdin Heydarov,Minister of Emergency Situations ­INTERVIEW

Eyes on Me - REVIEW

Ilham Aliyev, President of the Republic ofAzerbaijan - INSIDE PERSPECTIVE

Mehriban Aliyeva, First Lady of Azerbaijan- INTERVIEW

Song of Change

ECONOMY

48

46

44

39

31

26

36

24

35

DIPLOMACY & POLlTICS

28

32

19

30

22

16

13

10

Special thanks toDr. Prof. Ali Hasanov, Head ofDepartment for Public and PoliticalIssues, the Administration of thePresident of the Republic of AzerbalJan,1st Grade State Councillor

In partnership with:The Administration of the President of the

Republic of Azerbaijan

Azerbaijan2012

ENERGY

INDUSTRY & MINING

163

145

Khalig Ismayilov, General Director of SafeLife - INTERVIEW

Azad Ibrahimov, Presiclent of the ANTGroup of Companies - INTERVIEW

Emin Agalarov, Vice-President of CrocusGroup - INTERVIEW

Haji Ibrahim Nehramli, President of AvestaConcern - INTERVIEW

Time to Shine - REVIEW: Construction

ismail $ahin, Country Manager of BorusanMakina ve Gu<; Sistemleri - INTERVIEW

Faik Rzayev, General Director of Encotec­INTERVIEW

Kamil Aliyev, Director of AzVirt LLC­INTERVIEW

Javid Gurbanov, Chairman of Azeryolservisand Deputy in the Azerbaijan NationalAssembly - INTERVIEW

A Place on the Sea - FOCUS: Baku's New Port

Faig Safarov, President of KIA MotorsAzerbaijan - INTERVIEW

Arif Asgarov, Chief of Azerbaijan RailwaysJSC - INTERVIEW

From Point to Point - REVIEW

Ziya Mammadov, Minister of Transport ­INTERVIEW

Jahangir Askerov, President of AZAL­INTERVIEW

180

154

176

158

174

178

168

172

184 Block by Block - O&A: Construction Materiais

170

182

156

150

145

167

160

163 Let's Go Steady - REVIEW: Real Estate

Kevin Denton, General Manager of HillInternational Azerbaijan - INTERVIEW

152

REAL ESTATE &CONSTRUCTION

TRANSPORT

r

85

105

Rashid Javanshir, Regional President forAzerbaijan, Georgia, and Turkey at BP ­INTERVIEW

The Maintainers - FORUM: Service Companies

Dmitriy Solovyov, General Director of CrossCaspian Oil and Gas Logistics - INTERVIEW

Show Me the Way - FOCUS: The Pipeline Race

Huseynaga Ragimov, General Director ofAzpetrol - INTERVIEW

Below Terra Firma - REVIEW: Mining

Reza Vaziri, President and CEO of AngloAsian Mining - INTERVIEW

123

The Supply Conundrum - REVIEW

Natiq Aliyev, Minister of Industry andEnergy - INTERVIEW

Rovnag Abdullayev, President of theState Oil Company of Azerbaijan Republic(SOCAR) - INTERVIEW

Priority Shift - REVIEW: Industry

M. Ahadpur Khangah, Chairman of CaspianFish Co - INTERVIEW

Elshad Abbasov, General Director ofEmbawood - INTERVIEW

Suleyman Mammaclov, General Director ofBaku Steel Company - INTERVIEW

Sarkhan Babayev, Director of Det.AIHolding - INTERVIEW

Michael Gerlich, CEO and Chairman of

the Executive Board at Synergy Group ­INTERVIEW

120

122

105

117

114

ICT

108

100

112

102

110

96

98

85

94

92

90

138 Jayhun Mollazade, CEO of AzQtel-SAZZ ­INTERVIEW

132 Ali Agan, CEO of Azercell- INTERVIEW

Ramazan Valiyev, Director of Delta Telecom- INTERVIEW

123 Weaving the Fabric - REVIEW

Ali M. Abbasov, Minister of126 Communications & Information

Technologies - INTERVIEW

128 Jurgen Peetz, CEO of Nar Mobile­INTERVIEW

New Horizons - O&A: IT

The Woof & Warp - FOCUS: Europe-PersiaExpress Gateway Project

Watching the Connectors - ROUNDTABLE:Infrastructure

Fazil F. Abbasov, General Director ofAzerNews - INTERVIEW

Richard Shearer, CEO of Bakcell­INTERVIEW

140

134

136

142

143

130

thebusinessyear

SPECIALFOCUSEUROVISION 2012 229

211 Open All Seasons - REVIEW

Abulfas M. Garayev, Minister of Tourism­INTERVIEW

233

211

195

Azad Rahimov, Minister of Youth & Sports- INTERVIEW

Shot in the Arm - REVIEW: Health

Fizuli Alekperov, Minister of Labor & SocialProtection - INTERVIEW

Elshad Abdullayev, General Manager ofAvromed - INTERVIEW

Misir Mardanov, Minister of Education­INTERVIEW

Gular Ahmadova, Deputy of the AzerbaijanNational Assembly from the 2nd KhataiDistrict - INTERVIEW

Prof. Dr. Ahliman Amiraslanov, Rector of

Azerbaijan Medical University - INTERVIEW

Prof. Dr. Ahmet Sanic, Rector of QafqazUniversity - INTERVIEW

The Midas Touch - REVIEW: Education

The Hunt for the Flame - FOCUS: Sports

Elkhan Mammadov, General Secretary ofthe Association of Football Federations of

Azerbaijan - INTERVIEW

Once in a Lifetime - ROUNDTABLE: Hoteis

The Geometry of Life - FOCUS: Carpets

Prof. Vidadi A. Muradov, Director of Azer­!Ime - INTERVJEW

Serhat Bash, General Manager of C Hoteis &Resorts - INTERVIEW

SOCIAL, HEALTH &EDUCATION195

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216

197

220

227

214

222

224

EXECUTIVE GUIDE

TOURISM & SPORTS

199

226

229 Light Your Hre - EUROVISION 2012

203

201

233 The Set Up - REVIEW: Legal

236 Number Crunch - REVIEW: Accountancy

240 When in Azerbaijan ...

205185185 Green Me Up - REVIEW

Murat Kunt, Caucasus Country Manager at

206

186Danone - INTERVIEW

Abdolbari Goozal, Chairman of the Board at

208

188 Azersun Holding - INTERVIEW

189

Just Keep Swimming - FOCUS: Aquaculture

190

Aydin Mehdiyev, Owner of Delta Group-INTERVIEW

192

Udder Transformation - FOCUS: Dairy

193

Elshad Rasulov, Chairman of the Board at

Atropatena - INTERVIEW

AGRICUlTURE

Creative DirectorGenee Presta

Cover IllustrationPmar du Pre

Prinling: Apa Uniprint

Produclion: The Business Year

78 York Street

London WIH !DP

T +44 (0)207 692 8335

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info@thebusinessyear .com

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ISBN 978-1-908180-06-3

Publisher

Rupert Smith

Regional DirectorAy§e Hazlr

Editor-in-ChiefGilles Valentin

Country ManagerGiilay Sultan Ozdamar

Regional EditorLeland Rice

Country EditorRuben Martinez

Editorial DirectorJason 1. Nash

Sub- EditorsPeter Ho\Vson

Emily Mallis

AnalystCarla Alberti

Contributors

Jeyran Amiraslanova, Seni orConsultant, Presidential

Administration of the Republic ofAzerbaijanAraz Aliyev, Director, As Rek IamProduction

TranscribersLars LarssonAtti!a Pelit

Advertising ManagerCaroline Miller

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Azerbaijan2012