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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
218
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
F +44 (0)207 692 8336
info@thebusinessyear .com
www.thebusinessyear.com
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
the bus ine 551year
The Business Year is a tradename of
Wildcat Publishing Inc.
Copyright The Business Year International Inc.
2012. All rights reserved.
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The Business Year International Inc. makes
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Operations ManagerSerpil Yaltaher
Circulation & Marketing DirectorAmy Burtin
PhotographyAzernews
Azerbaijan2012