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Azerbaijan Caucasus Monitoring

US-based Procter&Gamble intends to expand its activity in Azerbaijan

Today Azerbaijani President Ilham Aliyev met with Procter&Gamble Europe’s president Loik Tassel in Davos.

During the meeting Mr. Tassel stated that business environment created in the country and conditions for investors stimulate Procter&Gamble, as well as other companies, to broaden its activity in Azerbaijan.

“Our Company not only sells consumer goods, but also makes a significant contribution to development of the advertising market in the country. Procter&Gamble, taking advantage of the created business environment, intends to widen its activity in the region. With this purpose, it is interested in expanding its activities in Baku and increasing the sale of its products to Central Asian and other countries of the region. The existing business environment in Azerbaijan has contributed to the fact that this company has chosen Baku as a regional center,” Mr. Tassel said.

In his turn, President Aliyev told about business environment created in Azerbaijan and the ongoing reforms in the customs, tax and other spheres. The head of state stressed that the decisions to expand Company’s activity in Azerbaijan are right. The Azerbaijani state will continue supporting investors and entrepreneurs.

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