Course summary Doing Business in Azerbaijan:
Doing Business Republic of Azerbaijan Baku. Azerbaijani Oil. Foreign direct investment. Imports Exports
The Republic of Azerbaijan (Azərbaycan Respublikası) lies in the
borderlands of Asia and Europe. It is situated in the south-eastern part
of the Southern Caucasus and shares borders with the
Russian Federation, the Islamic
Republic of Iran,
Turkey, Georgia and
Armenia, and across the Caspian Sea
with Kazakhstan and Turkmenistan.
The Republic of Azerbaijan is one of the fastest developing countries in the
world. According to the statistics of the first half of 2008 Azerbaijan's
GDP grew 14.6% year-on-year to 14.309 billion manat in January-May 2008,
while the GDP growth for 2007 made 25%.
Azerbaijan led the world as the top reformer in World Bank's "Doing
Business 2009" survey, with improvements on seven out of 10 indicators of
regulatory reform.
The Government of the Republic of Azerbaijan is promoting making foreign
investments into the country, and it should also be noted that the Republic
of Azerbaijan is one of the world leading countries not only by the high GDP
growth but also by the attraction of foreign investments. The privatization
process is one of the greatest tools of attraction of foreign investments into
the non-oil sector of Azerbaijan.
Example of the course Doing Business in Azerbaijan:
Azerbaijan has membership in the United Nations (UN), Organization of Security
and Cooperation in Europe (OSCE), Council of Europe (CE),
Commonwealth of Independent
States (CIS), Organization of
Islamic Conference, Black Sea Economic Collaboration
(BSEC), Organization of Economic Cooperation (OEC). Azerbaijan one of the
founders of the GUAM regional group.
Azerbaijan also
actively cooperates with the European Union, NATO, International Monetary Fund,
European Bank for Reconstruction and Development, Islamic Development Bank and other
organizations. European Neighborhood Policy
(ENP): Black Sea Synergy (EU).
90.7 per cent of goods exported from the country (19.3 billion dollars)
went to non-CIS countries, while 9.3 per cent (2 billion dollars) went to
CIS countries.
Some 58 per cent of the goods turnover was carried out with European, 32
per cent with Asian, 8.6 per cent with
America, 1.2 per cent with Africa
and 0.2 per cent with Oceania countries. There were more extensive trade
relations with Italy, France, Russia, Israel, USA, Ukraine, Turkey,
China,
Croatia,
Indonesia,
Malaysia,
Singapore, Germany and Georgia.
Great Britain, USA, Japan, France, Norway, Czech Republic and Turkey contributed
1289.4 million manat (87.3%) out of the total investments (FDI).
Azerbaijan has participated in creation and development of the TRACECA
Program on rehabilitation of the historic Great Silk Road fulfilling
joint tasks together with a number of word countries, the
European Union and other international
organizations.
Baku International Sea Trade Port was founded in 1902 and since it has
always been the largest and the most important of Caspian Sea ports.
The industry is one of the most developed areas in Azerbaijan. It covers
fuel and energy, chemistry, mechanical engineering, metallurgy, food industry,
light industry and other areas.
Baku's largest industry is petroleum, and its petroleum exports make it a
large contributor to the Azerbaijan's balance of payments. State Oil Company
of Azerbaijan Republic (SOCAR) is one of the largest oil companies in the
world.
Azerbaijani language is the state official language of Azerbaijan and the mean
of linguistic communication of the 8 million population of the country
EENI International Business
Course learning materials: 
