Pwc Azerbaijan Presented The Key Findings Of Its 5Th Annual CEO Survey (PHOTO)
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 4. PwC Azerbaijan
presented the key findings of its 5th Annual CEO Survey on 4th May
at Four Seasons Hotel Baku. The 2022 Azerbaijan's CEO Survey Report
is part of PwC's 25th Annual Global CEO Survey report. The report
offers a look at how today's executives are meeting the most
pressing challenges in Azerbaijan and around the globe; from
navigating through global economic recovery to preparing for a
net-zero society.
The event was attended by over 100 CEOs from business as well as
the representatives of the foreign embassies, public sector,
government and media. Movlan Pashayev, CMP of PwC Azerbaijan,
presented the key findings of the survey and moderated the panel
discussion on 'Reimagining the outcomes that matter in Azerbaijan'.
The panel speakers were Emil Masimov, CEO of Azerconnect, Nariman
Sardarly, CEO of PASHA Investments and Bakhtiyar Aslanbeyli,
Vice-President for the Caspian Region, Communications & Advocacy,
BP Azerbaijan who joined Movlan in discussing the business
environment, digitalization trends, investment and sustainability
in times of economic instability.
'Optimism about growth continues unabated in Azerbaijan and
worldwide and has even increased compared to the previous year. It
reflects the fact that strong demand returned rapidly in 2021, the
second year of the pandemic. Health risks rank once again as the
number one threat, followed by geopolitical conflicts.
Microeconomic volatility remains fierce and the risk is expected to
increase throughout the year given the Russia-Ukraine war and
strong geopolitical turbulence', said Movlan Pashayev during his
presentation.
Key findings of the survey:
- 79 percent of Azerbaijani CEOs believe global economic growth
will improve over the next 12 months
- 77 percent of CEOs in Azerbaijan are very confident in their
own company's growth
- 62 percent of Azerbaijani CEOs rank health risks as their top
priority to address, followed by geopolitical conflict (48
percent). Cyber risks and Macroeconomic volatility are still among
the top threats.
- 18 percent of companies in Azerbaijan have made, or are
progressing towards, a net-zero commitment.
- 50 percent of Azerbaijani CEOs initiate investments in new
projects at least once per year
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