 News
Press Release
|
New member firm in Azerbaijan
BDO, the world’s fifth largest accountancy network, is pleased to announce the appointment of a new member firm in Azerbaijan.
BDO Azerbaijan LLC joined the BDO network on 1 October 2010. Established recently in the local market, the new firm will be a majority owned subsidiary of BDO Eurasia B.V., a company formed by BDO and its member firms in Cyprus, Georgia, Israel, Kazakhstan, Russia and Ukraine, with the objective of developing BDO activities in the Eurasia region.
Yunis Salayev, Managing Partner, is very optimistic about the future of the new firm: “The economic and legal environment in Azerbaijan is changing fast. The government is undertaking reforms in various areas and is at the same time aiming to increase the efficiency of national businesses in order to be able to compete in regional and global markets. More companies are now in search of value-added advice in order to improve their business processes, and investors are looking for reliable assurance relating to the quality of their assets. This will mean a demand for professional and experienced advisers in both the public and private sectors, and we believe that a timely entry into the Azerbaijani market now will enable us to establish and lead a firm that will satisfy the market’s need for quality and in three years will become one of the top ranking professional services firms in Azerbaijan. BDO will also provide significant career opportunities for talented and ambitious people who wish to become part of the financial elite of our country”.
Jeremy Newman, CEO of BDO, adds “Establishing a BDO Member Firm in Azerbaijan is in line with the strategic growth plans of BDO both internationally and in this region. Significant effort has gone into the planning process by all parties involved, with invaluable input from BDO Russia, and the local leadership team has solid experience in the market and already holds strong relationships with key decision-makers in national organisations. Azerbaijan is one of the fastest-growing economies in the world and I share Yunis’ optimism that the BDO combination of national and international capabilities will enable us to build a strong and successful firm that, within a relatively short period of time, can provide a full range of professional services, including assurance, advisory, tax and outsourcing”.
[Back]
|
