Baku hosting 25th International Business Forum 

The 25th International Business Forum (IBF) has kicked off in Baku, Report informs.

The three-day event is attended by government officials from nearly 30 countries, representatives of international organizations, diplomatic corpses, trade chambers and business associations, about 500 foreign investors and business people.

The IBF aims to introduce Azerbaijan's investment potential to foreign investors. The Forum will include panels on investment opportunities in the Azerbaijani economy, including industry, agriculture, and tourism, the investment potential of Karabakh, public-private partnership (PPP), bilateral meetings between business people. At the same time, a number of documents on cooperation will be signed at the Forum.

Within the Forum, the businessmen will get acquainted with the production facilities in Baku and regions, hold discussions with local entrepreneurs on cooperation and investments.

Founded in 1995 by Turkey's Independent Industrialists and Businessmen Association (MUSIAD) and held once a year, the Forum aims to develop bilateral economic and trade relations among the countries, establish sustainable cooperation models, strengthen cooperation and business ties in the field of investment, as well as revive trade and economic partnership among the countries in the post-COVID era.

In July, the Small and Medium-Sized Business Development Agency (SMBDA) and the organizer of the IBF signed a Memorandum of Understanding on holding the 25th Forum in Baku. The Forum was organized under the slogan "Azerbaijan: the pearl of Asia."