Although investments, which will be an alternative to Russian gas supplies, will amount to US$28 billion, some US$100 billion of supply agreements have been made for a 25-year period. The economy of Azerbaijan, widely regarded as one of the fastest growing in the world, is based on oil and gas. Today, the country produces almost one million barrels of oil a day and 30 billion cubic metres of gas annually. No wonder that in 2013 GDP growth was 5 per cent, while this year it’s anticipated to be 6.7 per cent, driven by its expanding non-oil sector. Is it an ideal place for investment? Unfortunately, the Soviet past can’t be easily forgotten, and the current political system of this country also has its dark side. However, if you still wish to invest there, read our article to learn what you need to know about the cooperation with a company registered in Azerbaijan. Enjoy your reading.
Download entire edition in PDF>>
