Azerbaijan
Membership in EU:
Political system:Republic
Capital city:Baku
Total area: 86 600 km²
Currency:Azerbaijani manat (AZN)
Economy | Business Protocol | Legislative and Political System | More about the Country | Order a Business Information Report (BIR)
Economy
Statistical Office

Chamber of Commerce and Industry

Entrepreneurship in the Country

Azerbaijan is considered one of the most important countries in the world for oil exploration and development. Apart from that the country has a growing construction sector, banking and real estate sectors.
Business Directories

Local Communities

Business Protocol
Business Communication

Although direct communication is seen as a postive in Azerbaijan, one also has to be careful to employ such directness.
Information should always be presented in a way that is diplomatic and sensitive, so as not to cause loss of face.
The level of directness you can use is dictated by who you are speaking with.
If it is new, formal or important relationship diplomacy is critical. If the relationship is well developed and a level of openness has been established a little more honesty, is fine.
Business Meetings

To arrange a meeting in Azerbaijan, an introductory letter is needed outlining your company, history and the purpose of your visit.
It is always a good idea to have such correspondence translated in Azeri, to ensure they understand and it also makes you stand out.
There is a certain amount of protocol one has to follow in meetings as Azeris are quite sensitive to status, title, who sits down first, enters the room first, etc. It is best to follow the lead.
Discussions will often start slowly over tea and the topics of discussion may be completely irrelevant. However, this is the make or break part of your relationship - if you can not strike up a rapport, the chances of doing business together are slim.
Always maintain eye contact while speaking, since Azeris take this as a sign of sincerity. If someone does not look them in the eye while speaking, they think the person has something to hide.
Decisions are reached slowly.
Expect a great deal of bargaining and haggling. - Azeris are tough negotiators.

Legislative and Political System
President

Government

Prime Minister

Ministries

Constitutional Court

Legislation

More about the Country
Geographical Characteristics

Azerbaijan is a country in the Caucasus region, bounded by Georgia to the northwest, Russia to the north, the Caspian Sea to the east, Iran to the south and Armenia to the west. The exclave of Nakhichevan is bounded by Armenia to the north and east, Iran to the south, and Turkey to the northwest.
Languages

Azers; also Russian and Turkish.
Short History

Azerbaijan declared its independence on August 30th 1991 and since than the country, located in the eastern part of the south Caucasus region, wants to present itself to the world as an interesting and not yet known and researched territory for many people.
Time Zone

GMT/UTC + 4
International Dialing Code

+994
Average Temperatures

July 28 0C, January 3 0C.
Opening Hours of Banks

Monday - Friday: 10.00am – 4.00pm.
Opening Hours of Post-Offices

Monday - Friday: 8.00am – 7.00pm.

 

Saturday: 8.00am – 1.00pm.

Opening Hours of Shops

Legally permitted opening hours:

 

Monday - Saturday: 9.00am – 7.00pm.

Credit Cards

Credit cards are accepted in the Azerbaijani cities and holiday resorts. The most common credit cards, such as MasterCard and Visa are accepted in hotels, restaurants and shops.
Foreign Currency Exchange

Apart from the banks, foreign currency can be also exchanged in exchange offices, hotel receptions, tourist agencies, petrol stations and larger department stores.
Mobile Telecommunications

The country is almost entirely covered by mobile telephony signal. The main operators have concluded contracts with larger European and world operators. Mobile phones in the country are designed to function within the network of frequency bands 900 MHZ and 1800 MHZ. You can host in the following mobile networks: AzerCell, Bakcell, Azerfon.
Emergency Telephone Numbers

Police

102

Medical emergency

103

Fire emergency

101

Population of the State

Population of the Capital

Demographics

Religion

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