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Azerbaijan

UniBankFaig Huseynov,Chairman
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1. What makes your country attractive to investors?

The presence of great investment potential in various economic sectors, such as mineral resources, tourism and human resources. Also production potential, an advantageous economic and geographical situation and political stability give Azerbaijan investment appeal.

2. What are the economic prospects for your country over the next three to five years?

In accordance with the State Economic Development Programme, considerable importance will be attached to development of the real economy, in particular the non-oil sector. Projections suggest the doubling of GDP by 2009.

3. How do you foresee the financial sector in your country changing?

The prevalence of finance sector growth over the national economy growth; the continued inflow of overseas investments into the finance sector and its further alignment with the relevant international standards; the increased capitalisation of banks, introduction of corporate governance standards, and so on, will all bring Azeri banks into the international arena.

4. What role will your bank play in your country’s future development?

As one of the biggest banks in the country, UniBank will continue to meet the ever-growing demands of various economy sectors for financial resources, for instance, the development-related demands of the SMEs. We aim to expand co-operation with overseas financial institutions, and also to raise funds from foreign capital markets for subsequent investment in the national economy.

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Read more about:  Central & Eastern Europe , Azerbaijan