Doing Business in Azerbaijan

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Syllabus of the Subject: Doing Business in Azerbaijan. Baku.

  1. Introduction to the Republic of Azerbaijan (Europe - Central Asia)
  2. Azerbaijani Economy
  3. Azerbaijani Petrol
  4. International Trade of Azerbaijan
  5. Foreign Direct Investment (FDI) in Azerbaijan
  6. Doing Business in Baku
  7. Case Study: The State Petrol Company of the Azerbaijan Republic
  8. European Union-Azerbaijan trade relations
  9. Access to the Azerbaijani market
  10. Business Plan for Azerbaijan

The objectives of the subject “Foreign Trade and Doing Business in Azerbaijan” are the following:

  1. To analyse the Azerbaijani economy and foreign trade
  2. To evaluate the business opportunities in Azerbaijan
  3. To explore Azerbaijan's trade relations with the country of the student
  4. To know Azerbaijan's Trade Agreements
  5. To examine the profile of the Azerbaijani companies
  6. To develop a business plan for the Azerbaijani market
The Subject (e-learning) “Doing Business in Azerbaijan” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Doctorate: Muslims Countries, Europe
  2. Masters (e-learning): International Business, Islamic Countries, Europe
  3. Courses: Eastern Europe, Central Eurasia

Student (Hispano-African University)

Course learning materials in Higher Education in English or Tertiary Education in Spanish Azerbaiyán Post-secondary Education in French Azerbaidjan

  1. Credits of the subject “Foreign Trade and Doing Business in Azerbaijan”: 1 ECTS Credits
  2. Duration: one week

Azerbaijan - Master in International Business (MIB)

Sample of the subject - Doing Business in Azerbaijan:
Doing Business in Azerbaijan Baku

Description of the Subject (Online Learning): Foreign Trade and Doing Business in Azerbaijan

The Republic of Azerbaijan is strategically situated between Asia and Europe.

  1. Azerbaijan is located in the south-eastern part of the Southern Caucasus and shares borders with the Russian Federation, Iran, Turkey, Georgia, and Armenia, and with Kazakhstan and Turkmenistan (across the Caspian Sea)
  2. Azerbaijani is the official language of Azerbaijan
  3. The capital of Azerbaijan is Baku
  4. Area: 86,600 square kilometres
  5. Population of Azerbaijan: 9.6 million people
  6. Independence from the Soviet Union: 1991

Main religion of Azerbaijan: Islam

Azerbaijan belongs to the Central Eurasian Economic Area (Islamic Civilisation).

Azerbaijani Economy.

  1. The Republic of Azerbaijan is one of the fastest developing countries
  2. The gross domestic product of Azerbaijan grew 14.6% yearly to 14,309 billion Manat (AZN, the currency of Azerbaijan)
  3. Azerbaijan ranks as the top reformer (World Bank- “Doing Business” survey), with improvements in 7/10 indicators of regulatory reform
  4. The Government of the Republic of Azerbaijan is promoting foreign direct investments into Azerbaijan
  5. Azerbaijan is one of the World leading countries by the attraction of the foreign direct investment (FDI)
  6. The privatisation process is one of the greatest tools of FDI attraction in the non-petrol sector of Azerbaijan
  7. The Baku International Sea Trade Port was created in 1902; is the largest of the Caspian Sea ports
  8. The biggest industry in Baku is petroleum
  9. The State Petrol Company of Azerbaijan Republic is one of the largest petrol companies in the World
  10. Currency: Manat (AZN)

Central Asia Economic Cooperation

Foreign Trade of Azerbaijan.

  1. Near 91% of exported products from Azerbaijan (19 billion dollars) are exported to not- Commonwealth of Independent States (CIS) countries, while 9% (2 billion dollars) are exported to the Commonwealth of Independent States countries
  2. 58% of the export products was carried out with the European Union (32%), Asia (8%), and America (1%)
  3. Azerbaijan has deep bilateral trade relations with Italy, France, Russia, Israel, the United States, Ukraine, Turkey, the People's Republic of China, Croatia, Indonesia, Malaysia, Singapore, Germany, and Georgia
  4. The United Kingdom, the United States, Japan, France, Norway, the Czech Republic, and Turkey contributed 1289.4 million Manat (87%) out of the total of the foreign direct investment (FDI)

Azerbaijan's Free Trade Agreements (FTA) and Market Access.

European Union Eastern Partnership

  1. Commonwealth of Independent States (CIS)
  2. Economic Cooperation Organisation (ECO)
  3. Central Asia Regional Economic Cooperation (CAREC) Programme
  4. Regional Organisation Democracy Economic Development (GUAM)
  5. Free Trade Agreement (FTA) with the Eurasian Economic Union (EEU)
  6. Free Trade Agreement (FTA) with Russia
  7. Azerbaijan-Georgia Free Trade Agreement (FTA)
  8. Free Trade Agreement (FTA) between Georgia, Ukraine, Azerbaijan, and Moldova
  9. Black Sea Economic Cooperation (BSEC)
  10. EU Eastern Partnership
  11. Black Sea Synergy
  12. European Union-South Caucasus
  13. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)

Azerbaijan is a member of...

  1. Cooperation Council of Turkic Speaking States (Turkic Council)
  2. Organisation of Islamic Cooperation (OIC)
  3. United Nations (UN)
  4. Organisation for Security and Co-operation in Europe
  5. Council of Europe
  6. Azerbaijan is one of the founders of the Regional Organisation for Democracy and Economic Development (GUAM)
  7. International Monetary Fund (IMF)
  8. Azerbaijan also actively cooperates with the European Union (EU), NATO, European Bank for Reconstruction and Development

Isabel dos Santos (the richest women in Africa) was born in Azerbaijan
Isabel dos Santos (Richest African Woman)

Regional Organisation Economic Development (GUAM)

Economic Cooperation Organisation (ECO)

Black Sea Economic Cooperation (BSEC)



(c) EENI- Business School & Hispano-African University of International Business