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Azerbaijan: business outreach

Azerbaijan: business outreach. Greece, Athens 02-03 April, 2009. Azerbaijan in figures - 2008. Total population – 8,8 million urban - 51,7%, rural – 48,3% GDP – 34,3 billion euros Growth rate - 10,8% Inflation rate – 15,4% Unemployment - 44,500 (1,03% of work force)

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Azerbaijan: business outreach

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  1. Azerbaijan: business outreach Greece, Athens 02-03 April, 2009

  2. Azerbaijan in figures - 2008 • Total population – 8,8 million urban - 51,7%, rural – 48,3% • GDP – 34,3 billion euros • Growth rate - 10,8% • Inflation rate – 15,4% • Unemployment - 44,500 (1,03% of work force) • Investments – 8,4 billion euros • FDI – 2,9 billion euros • HDI – 0,758 (ranked 97 out of 179)

  3. Current economic reforms • Doing business 2009 by the World Bank: Azerbaijan is No1 Reformer • Azerbaijan is ranked 33 out of 181 economies • Reformed areas: start-up, employing workers, registering property getting credit, paying taxes, protecting investors • One stop shop principle for the business registration • Further reforms: one stop shop principle for the customs, • construction licensing • Full report at http://www.doingbusiness.org/Documents/ • CountryProfiles/AZE.pdf

  4. Micro-finance sector in Azerbaijan • No specific law regulating micro-finance sector • Banks, non-banking credit organizations & credit unions operate in the sector • 80% of microfinance services are provided in rural Azerbaijan • Women participation in microfinance services 28-30 % • Some of non bank credit organizations in Azerbaijan also provide micro-leasing (www.kredaqro.com) and mortgage services (www.tbckredit.com). • Total portfolio exceeding 376 mln. euros (December 2008) • More than 300,000 active clients (December 2008) • Azerbaijan Micro-finance Association – www.amfa.az

  5. Tourism in Azerbaijan • 9 climatic zones • Good opportunities for eco- and rural tourism • More than 1,5 mln foreign tourists in 2008 • Rapid growth of internal tourism • High prices on tourism services • Low competition • Key players: Improtex Group, ATA Holding, Gilan Holding, • Tourist informational centers in Baku and 8 regions • Ongoing projects: ski resort in the North, several seaside resorts close to Baku, rural resorts in several regions, construction of some high class hotels in Baku, “Wine route”

  6. Agriculture in Azerbaijan • Climatic opportunities to produce wide range of products • No taxes for agribusiness (except for the land tax) • Canned products, fresh fruits and vegetables, hazelnut, tobacco, cotton • Big export market - Russia, other CIS countries, Europe • Key players: Azersun Holding (foodstuff production), MKT (cotton), MilkPro (milk products), PalSud (milk products), Gilan Holding (canned products, juices), Bakfem (hazelnut processor)

  7. Construction in Azerbaijan • Baku - Georgian border road modernization (“Silk Way” project, total length – 405 km) • North-South road (Russian border – Baku - Iranian border) road modernization (total length – about 500 km) • Construction of Olympic sports complexes in the regions • Government’s interested in an investor to build a new cement producing plant • Key players: Caspian Construction, Gilan Holding, Pasha Holding, Akkord Group,

  8. Azerbaijan Export and Investment Foundation (AZPROMO) • AZPROMO established in 2003 as a public-private initiative • Objective - to contribute to achieving balanced development of the economy and to implement measures necessary for the attraction and promotion of inflow of investments for creation of new jobs, particularly in the rural regions

  9. AZPROMO’s services (part I) • Analysis of the investment climate; • Cooperation with various stakeholders to promote investments; • Investor facilitation, aftercare and development of existing foreign businesses; • Prepare consolidated country reports for the investors; • Conferences, business meetings and forums for investors;

  10. AZPROMO’s services (part II) • Studies of regional trade (export) opportunities; • Assess legal regime for export; • Consultancy services to the businesses willing to export; • Support to exporters in identifying potential buyers; • Trade fairs aimed at promotion of “Made in Azerbaijan” trade brand internationally.

  11. Contacts • Global Compact Project • Hasan Huseynov, Project manager • (+994 12) 437 11 42 • hhuseynov@globalcompact.az • www.unglobalcompact.org • AZPROMO • Najaf Guliyev, Business development manager • (+994 12) 598 01 47 • nguliyev@azpromo.org • www.azpromo.org

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