Business in Azerbaijan, Baku

EENI Business School & HA University




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Syllabus of the Subject: Foreign Trade and Business in Azerbaijan. Baku (Course, Master).

  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 Business in Azerbaijan” are the following:

  1. To analyse the Azerbaijani economy and foreign trade
  2. To know the business opportunities in Azerbaijan
  3. To explore the Azerbaijani trade relations with the country of the student
  4. To know the Azerbaijani Trade Agreements
  5. To examine the profile of Azerbaijani companies
  6. To develop a business plan for the Azerbaijani market

The Subject “Doing Business in Azerbaijan” is part of the following Online Higher Education Programs taught by EENI:
  1. Doctorates: Islamic Business, European Business
  2. Masters: International Business, Business in the Muslim Countries, Europe
  3. Courses: Business in Eastern Europe, Central Eurasia

Online Student (Master International Business)

The course materials are available in Master in International Business in English or Study Master Doctorate Business in Spanish Azerbaiyán Study, Master in International Business in French Azerbaidjan

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

Azerbaijani Online Students, Master Doctorate Business Azerbaijan - Master of Science in International Business (MIB)

Example of the Online Subject - Doing Business in Azerbaijan:
Master Course: Business in Azerbaijan Baku





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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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Description of the Subject: Foreign Trade and Business in Azerbaijan

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

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

Main religion in 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 the foreign direct investments into Azerbaijan
  5. Azerbaijan is one of the World's leading countries by the foreign direct investment (FDI) attraction
  6. The privatisation process is one of the greatest tools for the FDI attraction in the non-petrol sector of Azerbaijan
  7. The Baku International Sea Trade Port was created in 1902; is the largest Caspian Sea ports
  8. The largest industry in Baku is petroleum
  9. The State Petrol Company of Azerbaijan Republic is one of the largest petrol companies in the World
  10. Azerbaijani Currency: Manat (AZN)

Central Asia Economic Cooperation

Foreign Trade of Azerbaijan.

  1. Near 91% of the 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 to 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)
  5. Access to the Eurasian Land Transport Initiative (Silk Road)

Silk Road China-Europe by Road (Course Master)

Azerbaijani 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. Azerbaijan-European Union
    1. EU Eastern Partnership
    2. Black Sea Synergy
    3. European Union-South Caucasus
  11. 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. Intergovernmental Organisation for International Carriage by Rail (OTIF)
  6. European Council
  7. Organisation for Cooperation between Railways
  8. Customs Convention on Containers (CCC)
  9. Azerbaijan is one of the founders of the Regional Organisation for Democracy and Economic Development (GUAM)
  10. International Monetary Fund (IMF)
  11. 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 Women)

Regional Organisation Economic Development (GUAM)

Economic Cooperation Organisation (ECO, Master)

Black Sea Economic Cooperation (BSEC) Course



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