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Most Azerbaijani companies willing to enter German market

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A survey conducted by the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) among representatives of small and medium-sized businesses in Azerbaijan, Belarus, Georgia, and Ukraine showed that most companies want to enter the German market, Report informs referring to AHK.

According to the document, 89 percent of agricultural companies and 92 percent of travel companies intend to enter the German market or expand their presence in this market in the future.

Companies prioritize visits of representatives and participation in trade fairs to find suitable business partners.

Providing professional training according to German standards is seen as a possible success factor for most companies.

The report of the chamber also highlighted the main problems faced by the founders of companies.

"It is obvious that men and women have an equal opportunity to start a company from a legal point of view, and 75 percent of those surveyed also confirmed this," reads the report.

Lack of funding, poor infrastructure, bureaucracy, and lack of skills in this area are the biggest challenges for both male and female founders. Despite this, 88 percent of respondents still believe it is necessary to improve the rules regarding women’s entrepreneurship, the report says.

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New CEO appointed to Azercell Telecom

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Zarina Zeynalova has been appointed Chief Executive Officer of Azercell Telecom LLC, Report informs.

Zarina Zeynalova holds a post-graduate diploma in People Management & Development from Nottingham Trent University in the UK. She is a Fellow Member of the Chartered Institute of People Management and Development (CIPD). She is a graduate of the Executive Management Development Program at Texas A&M University, USA. She holds a B.Sc. degree from Azerbaijan Medical University.

Z. Zeynalova has over 25 years of professional experience in management and organizational development across multiple geographies of the world. For 20 years she has held various management positions in BP offices in Azerbaijan, UK, and the US. She also held senior management positions at PricewaterhouseCoopers (PwC) and Pasha Construction Group.

Note that the former head of Azercell Telecom LLC, Vahid Mursaliyev left his post due to the expiration of his contract.

The main priority of the new CEO of Azercell will be to ensure a leading position in the field of digital transformation in Azerbaijan, along with the development of the communication activities of Azercell.

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Oil prices go up 

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The oil prices, which fell this afternoon, rose again during the evening auctions.

Report informs that Brent crude for June delivery went up 0.12 percent to $66.86 a barrel, WTI June crude futures surged 0.22 percent to $63.33, while May futures climbed 0.17 percent to $63.24 a barrel.

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WHO extends emergency mode due to coronavirus

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The World Health Organization (WHO) has extended the global emergency regime due to the COVID-19 pandemic for another three months.

The decision was made after the Committee on Emergency Situations of the WHO International Health Regulation (IHR) discussed the situation at the 7th meeting.

"The WHO Director-General accepted that the COVID-19 pandemic still remains a Public Health Emergency of International Concern (PHEIC) and agreed with the committee's recommendations," the statement reads.

So far, 142 million people worldwide have been infected with the coronavirus, and more than 3 million of them have died.

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