Winners of the “Best Managed Companies Azerbaijan 2025” competition have been announced
- Ashraf Hajiyev
- Jun 18
- 2 min read
The “Best Managed Companies Azerbaijan 2025” competition, jointly organized by Azerbaijan’s leading corporate financial institution PASHA Bank and Deloitte Azerbaijan, has successfully concluded. The names of this year’s winners were announced to the public at the official awards ceremony held on June 5.
The main goal of the competition is to evaluate companies operating in the private sector of Azerbaijan at an international level in the areas of strategic management, human capital development, financial stability and social responsibility and to encourage the application of advanced practices in these areas. Within the framework of the program, participants underwent an in-depth analysis process by the expert team of PASHA Bank and Deloitte Azerbaijan and received structured recommendations for development.
By the decision of the jury, the companies “Azersun Holding”, “METAK”, “Norm Cement”, “OBA Market” were awarded the status of “Best Managed Companies” for their high corporate governance standards, strategic development vision and sustainable financial models. The winning companies have gained recognition in the global business community and expanded their international cooperation opportunities by joining the international network of “Best Managed Companies”.
Chairman and CEO of PASHA Bank, Javid Guliyev emphasized the strategic importance of the project during his speech at the event.
“The sustainable development of the real sector in Azerbaijan is directly related not only to strong financial results, but also to the formation of an institutional management culture. In this regard, the “Best Managed Companies” program makes a significant contribution to the development of corporate governance and implementation of advanced management practices in our country.
As a reliable partner of the real sector, PASHA Bank has been supporting this initiative for four years now. We believe that the basis of every successful company is not only financial stability, but also a strategic approach, social responsibility, investments in human capital and values-based management.
I sincerely congratulate the winning companies. We are confident that the experience gained within the program will contribute to their long-term development and strengthening the country's non-oil sector.”
Nuran Karimov, Managing Partner of Deloitte Azerbaijan, said during his speech at the event where the winning companies were announced:
“This program promotes leadership and strategic thinking in the business ecosystem of Azerbaijan. Each of the winners is distinguished not only by their current achievements, but also by their future-oriented vision and sustainable management approaches. As Deloitte, we are proud to contribute to the development of corporate governance in the country through this initiative and to support the private sector in its readiness for international competition.”
It should be noted that the “Best Managed Companies” project is an international competition that has been successfully implemented by Deloitte in 47 countries for 33 years. In this competition, jointly organized by PASHA Bank and Deloitte Azerbaijan, participating companies are evaluated by an independent jury based on four criteria: strategy, human capital development, commitment and financial indicators.
Source of the news: https://az.trend.az/business/4057927.html
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