Azernews.Az

BAKU – The meeting between company members of the Caspian-European Integration Business Club (CEIBC) and Francis Delaey, Head of the Baku Office of the European Bank for Reconstruction and Development (EBRD) will be held in Baku on December 1.

Telman Aliyev, President and CEO of the Caspian-European Integration Business Club told CEIBCNews that prospects for development of cooperation between CEIBC companies and EBRD would be discussed during the meeting.

According to him, information about sale of equity share within Caspian Energy International Media Group and Caspian-European Integration Business Club will be presented at the meeting. Also, information will be provided about the process of implementing the Caspian Energy TV project in a European country as well as about organization of Caspian European Energy Forum and Caspian European Business Forum in Brussels in November 2011.

CEIBC was established in June 2002 with the support of Caspian Energy International Publishing House and the largest oil and gas companies working across the Caspian and Black Sea regions. Since 2002, Azerbaijan President Ilham Aliyev has been CIBC Honorary Chairman.

At first CIBC brought together companies from Azerbaijan, Russia and Kazakhstan. The Club’s activity proves to be very successful as the number of member companies grew from 16 businesses in 2002 to more than 300 in 2007 and over 500 member companies and organizations from 50 countries around the globe.

CEIBC mainly seeks to create favorable business conditions in the Caspian, Black Sea and Baltic regions, to maintain business-to-government dialog in order to improve business conditions, promote contacts between large businesses and small and medium enterprises and promote investment of oil revenues in non-oil sector of the country.