Azerbaijan

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Azerbaijan

  1. 1. 15 april 2010 Elchin Ibrahimov
  2. 4. DID YOU KNOW THAT… <ul><li>In 1901, Baku produced more than half of the world's oil (11 million tons), and 95 percent of all Russian oil. </li></ul><ul><li>As of January 1, 1916, the four main companies, which led the Baku oil industry included the Nobel Brothers Petroleum Company (Alfred and Robert Nobel) and “ Standard Oil ” of John D. Rockefeller </li></ul><ul><li>Today, there are approximately 400,000 Azerbaijani Americans living in the United States, the majority of them being originally from Southern (Iranian) Azerbaijan </li></ul>
  3. 5. Demographics <ul><li>Population </li></ul><ul><li>(Northern) Azerbaijan - 8,202,000 </li></ul><ul><li>(Southern/Iranian) Azerbaijan – approximately 25,000,000 </li></ul><ul><li>Annual growth rate - 0.7% </li></ul><ul><li>Azerbaijanis - 90.6% </li></ul><ul><li>Daghestani, Russian, Armenian and other minorities </li></ul><ul><li>Over 1,000,000 refugees and internally displaced persons </li></ul>
  4. 6. History <ul><li>Azerbaijan was divided between Iran and Russia by bilateral agreements in 1813 (Treaty of Gulistan) and 1828 (Treaty of Turkmenchai) </li></ul><ul><li>Part of Azerbaijan belonging to Russia has been historically referred to as Northern Azerbaijan as opposed to Southern Azerbaijan belonging to Iran </li></ul><ul><li>(Northern) Azerbaijan first became independent in 1918 </li></ul><ul><li>From 1920 to 1991 was the part of the USSR </li></ul><ul><li>Restored independence in 1991 </li></ul>
  5. 7. Economy <ul><li>GDP rate – 10.6% </li></ul><ul><li>Per capita GDP - 850 USD </li></ul><ul><li>GDP Composition </li></ul><ul><li>industry – 38.4%; </li></ul><ul><li>agriculture – 10.2%; </li></ul><ul><li>construction – 11.7%; </li></ul><ul><li>transport and communication – 10.2%; </li></ul><ul><li>other services – 29.5% </li></ul><ul><li>Inflation rate – 4-5% </li></ul><ul><li>Exchange rate – 4,900 Azeri manats per 1 US dollar </li></ul>
  6. 8. Foreign Affairs Nagorno-Karabakh conflict <ul><li>Military conflict with Armenia (1988-1994) over the territory of Nagorno-Karabakh </li></ul><ul><li>20% of the territory of the Republic of Azerbaijan is currently under occupation of Armenia </li></ul><ul><li>UN Security Council adopted 4 resolutions demanding unconditional withdrawal of Armenia troops from the occupied area </li></ul><ul><li>The cease-fire has been in force since 1994 </li></ul><ul><li>The conflict is unresolved </li></ul>
  7. 9. Foreign Trade and Investment <ul><li>Azerbaijan has trade relations with more than 125 countries </li></ul><ul><li>The major export is oil and gas and oil products. </li></ul><ul><li>Major imports include food, machines and metalwork, light industrial products, chemicals, petrochemicals and agricultural products. </li></ul>
  8. 10. Taxation <ul><li>Corporate Profits Tax – 24% </li></ul><ul><li>Individual Income Tax - from 0% (for certain exempt income) to up to 35% (highest marginal bracket) </li></ul><ul><li>Value added tax (“VAT”) is imposed on the turnover of most goods, works and services in Azerbaijan and on the importation of goods – 18% </li></ul>
  9. 11. Currency Regulation <ul><li>Azerbaijan’s national currency, the manat, was introduced in 1992. </li></ul>
  10. 12. Oil and Gas <ul><li>Recoverable oil reserves of Azerbaijan, mostly in offshore fields, are officially reported to be almost one billion metric tons and gas reserves 500 billion cubic meters </li></ul>

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