London Stock Exchange Group to Host the Second Major Caspian Corridor Conference

    London Stock Exchange Group to Host the Second Major Caspian Corridor

  PR Newswire

  LONDON, February 12, 2014

LONDON, February 12, 2014 /PRNewswire/ --


The Caspian Corridor Conference, supported by London Stock Exchange Group
(LSEG), International Bank of Azerbaijan (IBA), Britain Azerbaijan Business
Council (BABC), and Asia House, will take place at London Stock Exchange on 7
March, 2014, bringing together global leaders of government, business,
academia and media to examine the economic developments and opportunities in
the region. This follows the great success of the inaugural Caspian Corridor
Conference that was held at Lancaster House in London in 2012.

The Caspian Corridor region ("the region") includes, among others, Azerbaijan,
Kazakhstan, Turkmenistan, Uzbekistan, Georgia, the Kyrgyz Republic and
Tajikistan. Increased efforts to diversify these economies, promote strong
regional economic cooperation and stability in the region has led to high
economic growth rates which are set to continue in the coming years. According
to the IMF, GDP growth rate for the region will be sustained at around 6 per
cent in 2014. With diversification of the economies, development of the
financial services sector, and investment in regional and national
infrastructure, opportunities for international trade and investment are set
to grow.

The Caspian Corridor Conference will examine the region's growth engines, its
close ties with the UK and London, and offer key business intelligence on the
region. The conference will draw high profile speakers from businesses across
the region's highest performing sectors and policy makers from the region, and
the UK, enabling valuable connections for future engagement.

The conference will also look at the specific paths ahead for the Caspian
Corridor countries. With threefold growth and the creation of 1.2 million jobs
over the past decade, Azerbaijan continues to be attractive to investors. Like
Azerbaijan, Kazakhstan is increasingly diversifying its economic output and
continuing to grow its range of exports to the West. Meanwhile, Turkmenistan's
chemical industry is one of its fastest growing sectors and the country is
also heavily expanding its maritime infrastructure, aiming to double cargo
turnover to nearly 16 million tons by 2017.

Commenting on the conference, Dr. Jahangir Hajiyev, Chairman of the
International Bank of Azerbaijan said: "The inaugural Caspian Corridor
Conference was a great success and further initiated important dialogue
between London and the business community in the Caspian region. I am certain
that the 2014 conference will build on this foundation and continue to
strengthen the ever closer ties between the United Kingdom and the Caspian
Corridor countries, as well as CIS financial markets. We are proud that the UK
is the largest foreign investor in Azerbaijan and are committed to building
stronger and more expansive relationships withthe UK and other international
investors in the region."

Xavier Rolet, CEO of London Stock Exchange Group, commented: "We're delighted
to support the second Caspian Corridor Conference. Business ties between the
UK and this dynamic region are growing stronger and we expect this to continue
through 2014 and beyond. A conference that brings representatives from the
Caspian Corridor to London creates real value, building relationships and
identifying opportunities."

Media contacts:

Lyndsay Howard, Director,  Britain  Azerbaijan  Business Council +44(0)20-7592-0893 or Asia House Secretariat

John Evans, Director, ATC  London
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