Indian Industry

Country Profile

Azerbaijan
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Azerbaijan is bounded with the caspian sea from the eastern side, russia from the north, armenia to the southwest. The nation is bounded by iran to the southern direction and russia is on its northern side. The nation is situated partially n the eastern europe and in western asia and has been characterized as the largest and most populous nation in the south causcasus. Azerbaijan is the esteemed co-founder of the GUAM and the Organisation for the Prohibition of Chemical Weapons. It is vested on total 86,600 sq km area of which land encompasses 86,100 sq km and water 500 sq km. Azerbaijan's climate has the partial influence by the cold arctic air masses of scandinavian anticyclone, Central Asian anticyclone and siberian anticyclone. The country is a home to around 8,177,717 people, among which government has successfully achieved literacy rate above 95 per cent.

Snapshot

Official Name - Republic of Azerbaijan
Capital City - Baku
Type of Government - Presidential Republic
Currency - Manat
Fiscal Year - Calendar Year
Official Language(s) - Azerbaijani
Local Time - UTC(+4) & Summer DST (UTC+5)
International Dialling Code - +994
Internet Domain - .az
Major Cities - Baku, Ganja, Quba, Lankaran, Nakhichevan, Sheki, Shamakhi,
Major Industries - Petroleum and Natural Gas, Petroleum Products, Oilfield Equipment, Steel, Iron Ore, Cement, Chemicals and Petrochemicals, Textiles
Major Trading Partners - Italy, Germany, Turkey, France, Netherlands, People's Republic of China
Double Taxation Treaty with India - No



Economic Overview
  • Azerbaijan has been known as the third largest oil producer among the former soviet republics.
  • It has been characterized as one of the oldest oil producing region in throughout the world.
  • Cotton, natural gas and agriculture products have been seen as the substantial sectors which are contributing majority in nation's GDP.
  • The World Bank has identified azerbaijan as the 10 reformer.
International Trade

Major Export Items
oil and gas, machinery, cotton, foodstuffs

Main Destinations of Exports
Italy, France, USA, Germany, UK

Major Import Items
machinery and equipment, oil products, foodstuffs, metals, chemicals

Main Origins of Imports
Russia, Turkey, Germany,UK, China, Turkmenistan, Ukraine

Contacts of Trade Ministries/ Associations

Azerbaijan Chamber of Commerce and Industry American Chamber of Commerce in Azerbaijan
31/33, Istiglaliyyat Str. Baku 370601
Azerbaijan
Tel.: +(994)-(12)-928912
Fax: +(994)-(12)-971997
E-mail: expo@chamber.baku.az

8 Rasul Rza Street 15/26
370000, Baku
Azerbaijan
Tel.: +(994)-(12)-935169
Fax: +(994)-(12)-983403








Business Visa Rules
  • Valid passport with minimum 6 months of validity.
  • Two passport size photographs along with the completed, signed visa application form along with the passport size photographs.
  • Invitation letter from the business associate or company situated in azerbaijan. Invitation should be sent through the Consular Department of the Ministry of Foreign Affairs of Azerbaijan.
Business Hours

Business Hours are from 09:00 - 18:00

Public Holidays

Festival Date
New Year's Day January 01
Day of the Martyrs January 20
Women's Day March 08
Novruz Bayramy (Persian New Year) March 21
Good Friday Date Varies
Easter Monday Date Varies
Victory Day May 09
Republic Day May 28
Day of National Salvation June 15
Army and Navy Day June 26
End of Ramadan Date Varies
Day of Independence October 18
Constitution Day November 12
Day of National Revival November 17
Feast of Sacrifice Date Varies
Day of Azeri Solidarity December 31
azerbaijan


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