Azernews.Az

In the frame of the meeting of the World Economic Forum (Davos Forum), a special session titled "Vision for Azerbaijan: Towards a New Economy" was held in Baku.

At the session, discussions were held on how Azerbaijan will use its potential and what practical steps should be taken to expand economic opportunities in the wider area.

Opening the session, board member and executive director of the World Economic Forum Brende Borge stressed that the countries of the region have great potential for the development of the South Caucasus and Central Asia. He noted that as a result of the promotion of regional economies and trade, the GDP may increase manyfold.

At the session, also was speaking the U.S. Ambassador to Azerbaijan Richard Morningstar, Executive Director of the State Oil Fund of the Azerbaijan Republic (SOFAZ) Shahmar Movsumov, Founder and Chairman of the Board of Directors of the Russian Bioenergetic Corporation (BioEnCo) David Yakobashvili, Chief Executive Director of the Russian Mortgage Agency Alexander Semenyaka, the Head of Eurasia Competitiveness Program of the Organization for Economic Cooperation and Development (France) Antonio Somma, Chief Executive Officer and Chairman of the Ukrainian KM Core company, the head of the Council of the Global Agenda in Ukraine Evgeny Utkin, Deputy Minister of Economic Development of Azerbaijan Sevinj Hasanova and Chairman of the Azerbaijan State Committee for Securities Rufat Aslanly.

Kyrgyzstan's First Deputy Prime Minister Jomard Otorbaev said in his speech that Azerbaijan could become a model for the region.