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Azerbaijan Economy

Azerbaijan pursued a successful economic stabilization program, with annual growth exceeding 10% since 2000. In 2009 Azerbaijan's gross domestic product increased by 9.3%, with growth in 2010 estimated at 9.0%.

The World Bank named Azerbaijan “Top Reformer” in its “Doing Business 2009” report, reflecting its significant efforts to simplify its domestic regulatory requirements.

Azerbaijan is considered one of the most important spots in the world for oil exploration and development. Proven oil reserves in the Caspian Basin, which Azerbaijan shares with Russia, Kazakhstan, Turkmenistan, and Iran, are comparable in size to North Sea reserves several decades ago.

Azerbaijan is the leading FDI (Foreign Direct Investment) destination in the region. The 2005 UNCTAD Trade & Investment publication quotes Azerbaijan as the No 1 globally as per the FDI Inflow Performance Index. Azerbaijan is also in top 20 in equity capital attraction in absolute terms.

Doing Business in Azerbaijan is a general guide for companies operating in or considering investment into Azerbaijan.

Author/s:

Baker & McKenzie

Doing Business in Azerbaijan 2009 (PDF)

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Links to the website of Ministry of Taxes of The Republic of Azerbaijan

· Auction & Tenders

· Information about Tax Forms

· Commercial Tax Confidentiality

· Entrepreneurs Tax Guide

Top Reasons to Invest in Azerbaijan

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.

Strategic Location - Competitive cost of production - Fastest growing  economy.

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AZERBAIJAN– Strategic Location in Global Competition

Azerbaijan is located on the south-eastern border of the European continent and serves as the natural bridge between Europe and Central Asia as well as it is the most convenient route from the north-east of Europe to the Middle East. The country is the logistics hub for the Caspian region. Excellent infrastructure of Baku (including largest regional sea and air terminal) is the best choice for any business entering the markets of the Caspian Sea region.

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Azerbaijan - Strategic Location in Global CometitionText Box: Promote Your Company Here
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Azeri America

 Doing Business in Azerbaijan

Azerbaijan - One of the Fastest Growing Economies in the World

Investment in Azerbaijan

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Profile of AzerbaijanInvestment

Azerbaijani Media News

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Azerbaijan in USA and Canada

 

¨ USACC - United States - Azerbaijan Chamber of Commerce. Washington, D.C.

Leading Financial Institutions

¨ The National Bank of Azerbaijan

¨ Baku Stock Exchange

¨ Baku Interbank Currency Exchange

¨ The International Bank of Azerbaijan

¨ DamirBank

Elman Rustamov
Artur Rasizade
Ilham Aliyev
Google+

¨ Azeri Cuisine

¨ Newspapers

¨ TV Stations

¨ Useful Information

¨ Events

¨ Links to Government Web Sites

¨ Azerbaijan Around the World

¨ Leading Financial Institutions