Business & Management

Business & Management Experts

Elchin Ahmadov

Chairman of the Board
Azerbaijan Credit Bank


The banking sector of the Republic of Azerbaijan is one of the most stable and fast-growing sectors. The country's economy is developing not only at the expense of the oil sector, but also due to industry and other sectors. As it is known, the share of oil sector in the country's economy began to decline in recent years. The government of Azerbaijan is taking a number of measures for development of non-oil sector and export capacity of the country. Decisions taken on exemption of industrial equipment imported into the country from taxes, customs and other duties or application of such charges on more favorable conditions are a vivid example of this.

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