International Business Forum kicks off in Baku

International Business Forum kicks off in Baku

The 25th International Business Forum (IBF) organized by the Small and Medium Business Development Agency (SME) of Azerbaijan and the Association of Independent Industrialists and Entrepreneurs of Turkey (MUSIAD) has begun in Baku with the participation of businessmen from a number of countries and government officials.

The IBF is organized in order to unite businessmen and statesmen from a number of countries, develop bilateral trade and economic relations, create models of sustainable cooperation, strengthen ties in the field of investment and business.

The IBF Forum, founded in 1995 by MUSIAD and held once a year, with panel meetings, country presentations, bilateral meetings and other events.

It is reported that 550 businessmen arrived from Turkey to participate. Prospects for the development of Azerbaijan's economy, investments and other issues will be discussed within the framework of the forum.

The International Business Forum (IBF) will contribute to attracting investments in the implementation of projects in the liberated territories of Azerbaijan, Minister of Economy of Azerbaijan Mikayil Jabbarov said during the forum held in Baku.

"This forum is a good platform for further increasing the investment attractiveness of the country, the development of SMEs. In addition, the forum will contribute to attracting investments in the implementation of projects in the liberated territories of Azerbaijan," he said.

The minister noted that at present, restoration work is being carried out at a rapid pace in the liberated territories.

"We are implementing large projects in Karabakh, such as the creation of industrial parks, which contribute to increasing the investment attractiveness of the region," he added.

According to Jabbarov, following the development strategy for the next five years, projects will be implemented in Azerbaijan to promote the development of the private sector.

"We will be glad to see foreign companies and investors in the country in the context of the implementation of this strategy," he said.

The 25th International Business Forum (IBF) organized by the Small and Medium Business Development Agency (SME) of Azerbaijan and the Association of Independent Industrialists and Entrepreneurs of Turkey (MUSIAD) has begun in Baku with the participation of businessmen from a number of countries and government officials.

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