The Republic of Azerbaijan (Azərbaycan Respublikası) is strategic
situated between Asia and Europe. Azerbaijan is situated 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).
The Republic of Azerbaijan is one of the fastest developing countries.
The Gross domestic product (GDP) of Azerbaijan grew 14.6% yearly to 14.309 billion manat
(AZN, the currency of Azerbaijan) in January-May 2008, while the
Gross domestic product (GDP) growth for 2007 was 25%.
Azerbaijan is classified as the top reformer (WB "Doing Business 2009" survey), with improvements on 7
/ 10 indicators of
The Government of the Republic of Azerbaijan is promoting Foreign direct
investments (FDI) into Azerbaijan.
Azerbaijan is one of the world leading countries by the attraction of Foreign direct investment (FDI). The privatization
process is one of the greatest tools of attraction of FDI into
the non-oil sector of Azerbaijan.
Example of the course doing business in Azerbaijan:
Near 91% of products exported from Azerbaijan (19 billion USD)
are exported to non- Commonwealth of Independent States (CIS) countries, while 9% (2 billion USD)
are exported to
Commonwealth of Independent States (CIS) countries.
58% of the export products was carried out with the European Union (32%), Asia
Azerbaijan has deep biletareal trade relations with Italy, France, Russia, Israel,
the United States, Ukraine, Turkey,
People's Republic of China, Croatia,
Singapore, Germany and Georgia.
Great Britain, the United States, Japan, France, Norway, Czech Republic and Turkey contributed 1289.4 million manat
(87%) out of the total of Foreign direct investment (FDI).
Baku International Sea Trade Port
was created in 1902; is the major and the most important of Caspian Sea ports.
The biggest industry in Baku is petroleum. State Oil Company of Azerbaijan Republic (SOCAR) is one of the
major oil companies in the world.
Azerbaijani language is official language of Azerbaijan and the mean
of linguistic communication of the 8 million population of Azerbaijan.
Azerbaijan is member of the United Nations (UN), Organization of Security and Cooperation in Europe (OSCE),
Council of Europe (CE). 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,