HLB International has signed its first member firm in Azerbaijan as part of its development in the Eurasian region.
HLB Azerbaijan LLC, previously operating as Capital Audit Ltd, is looking forward to grow its international business and to expand its client portfolio as a new member of HLB International. Established in 2001, the firm specialises in audits of public listed companies, state companies and NGOs.
Rob Tautges, chief executive at HLBI, commented: “We are pleased to strengthen our presence in the Eurasian region with the addition of HLB Azerbaijan LLC. The combination of increased foreign investment along with the advancement of the accounting profession signals the right timing for HLB International to expand its world-wide footprint to Azerbaijan.”
“It is a great pleasure to be a part of the HLB International network. Azerbaijan has the strongest economy in the South Caucasus and represents one of the strongest economies of the CIS (Commonwealth of Independent States) countries. When Capital Audit Ltd. was formed, it was one of the first local audit companies in the market. HLB International has more than 40 years’ international experience. And it is all these aspects that create a very good basis for the future development of our practice.” said Islam Bayramov, managing partner at HLB Azerbaijan.
“We are very proud to become a member of the HLBI family. Being part of the network will strengthen our position in the local market and will add to the confidence of our clients to receive services of high-level international quality.” said Aliskandar Zulfugar-zade, ACCA, audit partner at HLB Azerbaijan.
HLB Azerbaijan is based in the capital and largest city of Azerbaijan, Baku.