IMA Overview

Azerbaijan overview

The Republic of Azerbaijan is located on the southern edge of the Caucasus Mountains in Transcaucasia, and borders Iran to the south, Armenia to the west, Georgia to the northwest, Russia to the north and the Caspian Sea to the east.

Azerbaijan’s economy expanded in the first half of 2018, with revived output in the services sector due to improved terms of trade. Azerbaijan’s economic performance should strengthen, helped by natural gas exports and a moderate acceleration in domestic demand.

If the oil price is maintained, the current account surplus is projected to average at 10% of the GDP until 2020. Non-oil sector growth is expected to average at 2.7% due to rising market confidence, which will allow improvements in the banking sector and a gradual recovery in investment, with inflation remaining below 3%.

The UK is the single largest investor in Azerbaijan and UK companies are well placed to increase business.

There are currently more than 450 UK companies doing business in Azerbaijan. In addition to oil and gas, UK companies have been successful in areas such as construction management and design, retail and education.

About IMA Guides

About this guide

This guide aims to provide a route map of the way ahead, together with signposts to other sources of help.

The main objective of this Doing Business in Azerbaijan Guide is to provide you with basic knowledge about Azerbaijan; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.

We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Azerbaijan. Full contact details are available in this guide.

To help your business succeed in Azerbaijan we have carefully selected a variety of essential service providers as ‘Market Experts’ Click Here

The guide is available in 4 formats:

  • this website

  • a ‘free’ downloadable 'mobile device-friendly’ app – available from the Apple App Store and Google Play Store

  • a full colour hard-copy brochure (to order your copy please Click Here)

  • PDF download/e-flipbook (available to download below)

UKTI Video

About IOE&IT

An introduction to the Institute of Export & International Trade

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Established in 1935, the Institute of Export & International Trade is the professional membership body representing and supporting the interests of everyone involved in importing, exporting and international trade. Offering a unique range of individual and business membership benefits and a world renowned suite of qualifications and training, the Institute is the leading authority in best practice and competence for businesses trading globally.

To view other videos, please visit the IOE&IT YouTube Channel.

For more information visit:

Market Experts

Doing Business in Azerbaijan Guide Market Experts - Please click on the logos below to view our Market Expert profiles and to find out how they can help you to succeed in Azerbaijan!


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Download the 'Doing Business in Azerbaijan Guide' as an e-Flipbook or a PDF


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'Doing Business in Azerbaijan Guide' as an e-Flipbook

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Click the button above to Download the full 
'Doing Business in Azerbaijan Guide' as a PDF Document   



Download the FREE Mobile-App! 

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to download!

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