azerbaijan export catalogue 2007-2008

This publication is made possible by the

support of the American People through

the United States Agency for International

Development (USAID). The contents of this

publication are the sole responsibility of

Azerbaijan Marketing Society and do not necessarily

reflect the views of USAID or the

United States Government.

INTRODUCTION TO AZERBAIJAN...........................................................................6

ECONOMIC OVERVIEW...............................................................................................8

FOOD...............................................................................................................................23“Baku oil and food industry”........................................................................................25“BISMAK Food Industry Complex” LLC........................................................................26“Caucasus Cannery” OJSC............................................................................................28“Chudo Pechka” LLC.....................................................................................................30“ELFEM” Ltd.................................................................................................................31“Ganja Sharab - 2” OJSC..............................................................................................32“Gunel-3” MC...............................................................................................................33“KARAT HOLDINQ” LLC................................................................................................34“Milk-Pro” LLC..............................................................................................................35“Miri Pak” Food Industry Complex...............................................................................36“Sadiq” LLC..................................................................................................................38“Sirab” OSJC................................................................................................................39“Sun Tea Azerbaijan” OJSC..........................................................................................40“Shirin” LLC..................................................................................................................42

MANUFACTURING......................................................................................................43“Azerkhalcha” Scientific Work Production Union.........................................................44“Azpetrol Ltd” LLC........................................................................................................45“BOT” LLC.....................................................................................................................46“Caucasus Paper Industry” Ltd....................................................................................47“Embawood” LTD.........................................................................................................48“Matanat A” company..................................................................................................50“MKT Istehsalat Kommersiya” LTD..............................................................................52“NEXUS” LTD................................................................................................................53“NJT2000” LTD.............................................................................................................54“Saloglu” Private enterprise........................................................................................56“SINAM” LTD................................................................................................................57State Oil Company of Azerbaijan Republic (SOCAR)....................................................58“Ziya+” LTD.................................................................................................................59“Ziya Suvenir” LTD.......................................................................................................60

SERVICES......................................................................................................................61Banking & Finance............................................................................................................62

“AGBank” OSJC............................................................................................................62“Azerdemiryolbank” OJSC............................................................................................63“Bank of Baku” Open Joint Stock Company.................................................................64“Bank Standard” KB CJSC............................................................................................65The International Bank of Azerbaijan..........................................................................66“UNIBANK Commercial Bank” OJSC.............................................................................72

Construction.....................................................................................................................74“CASPIAN SERVICE” LLC..............................................................................................74

Tourism & Hotels...............................................................................................................76“Irshad hotel” JV..........................................................................................................76Park Inn Azerbaijan Hotel, “Global Investment Company LTD”..................................77Radisson Sas Plaza Hotel, “ISR Azeri Apart & Business Centre”..................................78Sultan Inn Boutique Hotel, “Nuans Universal Servis LTD”...........................................79“Ziya turizm” LTD.........................................................................................................80

Business services & Consulting.........................................................................................82Azerbaijan Information and Opinion Agency...............................................................82“Azerbaijan Investment Company”.............................................................................83“Alyanz Group” LTD......................................................................................................84ASPI Consulting Engineers, Inc...................................................................................85“Public Union of Marketing Specialists” NGO...............................................................86“Maxmedia” Advertising Agency..................................................................................87“Novosti-Azerbaijan” International Information Agency............................................88SIAR-Baku Ltd.............................................................................................................89SIAR Consulting Ltd.....................................................................................................90SIAR Media Ltd............................................................................................................91

EMBASSIES OF THE AZERBAIJAN REPUBLIC.....................................................92

Note: All rights on reproduction and publication of the "Azerbaijan Export Catalogue"material belong to "Azerbaijan Marketing Society".

Any infringement of the given rights is against the law. No part of this publication may bereproduced, stored in a retrieval system or transmitted in any form or by any means, elec-tronic, electrostatic, magnetic tape, mechanical, photocopying or otherwise, without priorpermission in writing from Azerbaijan Marketing Society.

Azerbaijan Export Catalogue®

ISBN: 978-9952-8122-0-6

Produced by: Azerbaijan Marketing Society

Workgroup of the project:

Project manager:

Consultant:

Project coordinator:

Financial manager:

Translator:

Assistant:

Designer:

This project was funded, in part, through a Grant Agreement with the Eurasia

Partnership Foundation and USAID.

Main sponsor of the project: International Bank of Azerbaijan Republic

Sponsor of the project: Azersun Holding

Support: Azerbaijan Export and Investment Promotion Foundation

Publisher is not responsible for the content of published advertisement materials.

REQUEST

Azerbaijan Marketing Society asks all users of the CATALOGUE information to mention

the CATALOGUE as a source of information when connecting with the companies and

organizations.

We will also appreciate to receive your remarks and suggestions through below indicated

contacts of Azerbaijan Marketing Society.

Contacts:

Azerbaijan Marketing Society

4, A.Maharramov Street, Baku, AZ1111, Azerbaijan Republic

Phone/fax: (+994 12) 430 01 00

(+994 12) 430 57 57

E-mail: [email protected]

Web-site: http://www.marketing.az

Fuad Aliyev

Rahim Huseynov

Kenan Aliyev

Rashad Aliyev

Nigar Shabiyeva

Selcan Qurbanova

Iman Huseynov

WelcomeIt is my pleasure to welcome you and introduce the 2007-2008 edition of the "Azerbaijan

Export Catalogue" (AEC). This is the first edition of this kind and a unique project which

aims to introduce Azerbaijan's export potential to the outside world. Azerbaijan Marketing

Society (AMS) is honored to be a team of enthusiasts who have planned and developed

it.

At present, Azerbaijan's economic growth is one of the highest in the world; thus, the poten-

tial of local companies is growing. The development of entrepreneurship which is one of

main attributes of market economy has become one of main priorities of economic reforms,

and a great success has been achieved in this direction. Azerbaijan's business sector is

getting stronger and has become a driving force for country's development.

As the result of these positive trends many Azerbaijani companies now produce high qual-

ity products and services that could compete regionally and internationally. However, these

products and services are not promoted and marketed, while Azerbaijani brands are not

known abroad. The AEC's mission is to provide the necessary marketing support to pro-

mote local companies' exports.

Since AEC is based on the detailed study of country's export potential and selection of com-

panies to represent Azerbaijani business sector, we are confident that the Catalogue will

serve as a useful source of information for foreign companies interested in establishing suc-

cessful economic relations with Azerbaijani companies.

Thanks to the efforts of our team, AMS could achieve the goals of project and provide infor-

mation on various companies operating in Azerbaijan that have potential and determina-

tion/will to export their products and services. And it is you, who will judge the quality of our

work.

This tremendous work by AMS would not be possible without the support of Azerbaijani

Government, various organizations and companies. Having mentioned this, I would like to

express our gratitude to Eurasia Partnership Foundation for partial financing of the proj-

ect. We also express our special appreciation to the Main Sponsor of AEC - International

Bank of Azerbaijan and sponsor - "Azersun Holding". Finally, we would like to acknowl-

edge the organizational support of the Azerbaijani Export and Investment Promotion

Foundation (AZPROMO) established by the Ministry of Economic Development of the

Azerbaijan Republic.

We believe that as the result of this project, business people around the world will get an

opportunity to learn more about great economic potentials available in Azerbaijan through

both printed and electronic versions of AEC.

Taking into consideration the fact that AEC is planned to be implemented on a continuous

basis, we look forward to further cooperation with current and future potential participants

of the Catalogue. We really hope that this work will be our contribution to promoting

Azerbaijan as well as marketing national brands and companies abroad.

We would highly appreciate your comments and recommendations regarding the

Catalogue in order to improve it in the future for achieving more effective results.

Sincerely,

Rahim Huseynov

Chairman of the Board


6

Introduction to Azerbaijan

GeographyAzerbaijan is a country located in the South-western Asia, bordering the Caspian Sea, between

Iran and Russia, with a small European portion north of the Caucasus range. The Republic of

Azerbaijan covers an area of 86,600 square km (forests accounting for 11.5%, water basins-1.6%,

sown area-50%, including 27% pastures, 36.9%-other lands). The country extends between longitude

44° and 52° east and latitude 38° and 42°, with Baku situated at the latitude of 40°. It borders with

Iran (765 km) and Turkey (15 km) on the south, Russia on the north (390 km), Georgia-on the north-

west (480 km) and Armenia on the west (1007 km).

The semi-desert and dry, sub-tropic, temperate and frigid types of climate dominate in the coun-

try. It has been determined that Azerbaijan accounts for 9 out of 11 climate zones, existing in the

world. The average annual temperatures equal 15 C° on the plains while in high mountain regions

they fall even below zero. Temperatures reach 25-27C in Aran regions and 5C° in mountain regions

in July. The absolute maximum is 43C°, while the minimum is lower than -30C°.

The territory also includes Azerbaijani sector of the Caspian Sea.

The highest peak of the territory of Azerbaijan is Bazarduzu (4466m).

Key Information

Official Name

Head of State

Head of Government

National Legislature

Capital

Major Cities

Autonomous Republics

Districts

Towns

Districts of cities

Settlements

Rural settlements

Economic regions

Total Area

Population

Urban

Rural

Population density, per km2

Literacy rate (%)

Official Language

Date of Independence

Currency

Time Zone

Republic of Azerbaijan

President

Prime Minister

National Assembly

Baku

Ganja, Sumqayit, Mingachevir, Nakhchivan

1 (Nakhichevan AR)

66

69

13

245

4

10

86,600 square kilometers

8,532 thsd. (2007)

51.5%

48.5%

98

98.8%

Azerbaijani (Azeri)

October 18, 1991

Manat (AZN)

GMT +4

7

ClimateAzerbaijan's climate varies from an arid subtropical and humid subtropical to a mountainous tun-

dra climate. Average annual precipitation is between 200 to 300 mm (8 to 12 inches) in the lowlands

and 300 to 900 mm (12 to 35.5 inches) in the highlands, although precipitation is distributed uneven-

ly throughout the year. On the southern slopes of the Greater Caucasus average annual precipitation

ranges from 1,000 to 1,300 mm (39 to 51 inches). Average temperature ranges on the lowlands are

from 25 to 27 degrees Celsius (77 to 80 degrees Fahrenheit) in July to 0 to 3 degrees Celsius (32 to

37 degrees Fahrenheit) in January and between -3 to -6 degrees Celsius (27 to 21 degrees

Fahrenheit) in January on the highlands.

Azerbaijani DiasporaAccording to estimations, there are about 45 million Azeri living in 70 countries of the world, includ-

ing Azerbaijan. Currently more than 150 social, cultural societies and organizations of Azerbaijan peo-

ple are functioning in 30 countries of the world.

State StructureAccording to the Constitution adopted on November 12, 1995 Azerbaijan is a democratic, consti-

tutional, secular and unitary republic.

The government of the Republic of Azerbaijan is organized on the base of principles of separa-

tion of power. According to the traditional concept of the separation of power, the Constitution deter-

mines that the executive power is held by the President of the Republic of Azerbaijan, the legislative

power is carried out by the Parliament of the Republic of Azerbaijan - Milli Majlis, and the judicial

power is held by the independent courts.

A cabinet of ministers is a superior body of the Executive power of the President, it is subordinat-

ed to the President and accountable before him.

Judicial systemJuridical power of the Republic of Azerbaijan is represented by the Constitutional Court, Supreme

Court, Court of Appeal, Economic Court.

8

Economic OverviewFollowing sharp decline in early 90's of the last century Azerbaijan achieved stable and rapid

growth for 10 consecutive years starting from 1995. Now the country is one of the most rapidly recov-

ering economies in the world. The GDP annual surplus in 2005 was 26.4%. A record growth in 2006

was at 34.5% (highest growth indicator globally for the year). It is highly probable that the country will

be the global leader in economic growth in the year 2007 too. Nominal wages grew by 19% in the

year 2006. Almost all other major economic indicators point out a similar growth pattern.

Baku is the center of Azerbaijani economy and the home for most of Azerbaijan's 3,500 industrial

enterprises, petroleum extraction and refining, metallurgy, aluminum processing, petrochemicals,

chemical production are located in the city and its satellites. Consumer goods production consists of

food processing, textiles, and wine production. Baku is also strong in services including banks, hotels

& restaurants and logistics. Sumgayit (3rd largest city and Baku's satellite) production centers on

chemical and petrochemical production, textiles, and aluminum smelting; Ganja is the home to an alu-

minum refinery and also specialises in textiles, machine building and metallurgy.

The effect of the early 1990's economic decline is evident in agriculture - a critically important sec-

tor in Azerbaijan, employing about 35% of the labour force. Cotton is Azerbaijan's leading crop,

together with grape (for wine production), fruits, vegetables, and tobacco.

The country is the regional leader not only in the overall economic growth, but in direct foreign

investment attraction as well. The 2005 UNCTAD Trade & Investment publication quotes Azerbaijan

as the No 1 globally as per the FDI Inflow Performance Index. Azerbaijan is also in top 20 in equity

capital attraction in absolute terms. This is mainly due to the favourable environment created in the

lead sector of the economy i.e., the oil & gas industry. It opened for international business in 1994.

Since then a number of international contracts for the oil and gas fields were signed with the prin-

cipal oil businesses such as BP, Statoil, Total, Exxon, Itochu, Lukoil and others. Some useful macro-

economic indicators (2006): GDP 17.77 billion AZN and its annual growth 34.5%, GDP per capita

2,120 AZN and its annual growth 40.1%, inflation 11.4%, investments 7.27 billion AZN and its annual

growth 8.0%, domestic investments 30.9%, foreign investments 3.3%, weighted exchange rate for 1

USD 0.87 AZN. The "jewel in the crown" of the economy is the Baku-Tbilisi-Ceyhan oil pipeline con-

necting the Caspian offshore fields with the Mediterranean Turkish port. It is taking crude oil from the

ACG (Azeri, Chirag, Guneshli) project led by British Petroleum. The pipeline is ready and being filled

with crude oil to be sold at the Turkish port of Jeyhan. The transport capacity of the pipe is over 1 mil-

lion barrel a day. The Azerbaijani government is committed to constructing a network of oil & gas

pipelines throughout the region to promote international cooperation and trade. The oil & gas projects

are to bring substantial cash inflow into the country from the year 2006 onwards.

Notwithstanding this apparently bright prospective, the government of the country took a number

of steps aimed at the reduction of the country's dependency on the oil revenues and evasion of the

so-called "Dutch disease". The State Oil Fund, a transparent state agency under public scrutiny is

accumulating the oil revenues from the international contracts thus preventing possible Azerbaijani

Manat deflation which would potentially be damaging for local manufacturers and exporters as well

as other possible negative economic trends. The regional development and non-oil economy devel-

opment strategies aimed at the diversification of the economy are also prioritised.

The main source countries of FDI for Azerbaijan are currently the United States, UK and Turkey.

The cumulative FDI in the year 2006 amounted for circa 4,500 mln USD. The country received even

large FDI stock in 2005. Foreign direct investments outside the oil & gas sector currently are mainly

in construction, services, transport, telecom and manufacturing.

Azerbaijan is consistently expanding its international trade capacities as well. This was achieved

mainly due to two factors: export of ever increasing amounts of Azerbaijani crude and oil products and

the expanding internal market which resulted in rise in import of manufacturing equipment and con-

sumer goods in the country. At the moment EU is the main export destination for Azerbaijan, with

Russia and CIS countries remaining the main source of import.

The country's domestic product is largely contributed by private business. Its share constituted

81% of GDP in 2006. This is the result of several stages of privatisation of the formerly state owned

property and development of new privately owned industries. However, a number of key segments of

the economy are still state controlled. Many of them are now "open for privatisation" by the

Presidential Decrees which creates additional investment opportunities. The government uses sever-

al methods of privatisation with the most popular being the acquisition by a "strategic investor" or via

"investment tender".

Azerbaijan has one of the lowest external debt / GDP ratios in the region and a sound financial

system. The National Bank has been pursuing the "stable manat" (local currency) policy consistently

for last 10 years with the annual inflation not exceeding one digit figure. The fiscal system is further

characterised by a very low deficit of state budget not exceeding 1% of GDP in 2006.

10

Foreign TradeAzerbaijan has started negotiations with WTO on accession to the organisation. The govern-

ment has undertaken a number of steps to liberalise foreign trade. As of the end of 2006, the

weighted average import tariff in Azerbaijan was 5.8 % i.e. significantly below the international ave -

rage. Import and export is one of the most rapidly developing business segment in Azerbaijan. The

average annual growth in foreign trade in recent years is approximately 15%.

Azerbaijan is developing trade relations with a number of countries. In 2006, there were trade

operations with more than 140 partners. The European Union remained the major destination for

export of Azerbaijani goods. Russia and CIS are the major importers.

The main export commodities are oil and petrochemicals, a/c products. The import includes

machinery and luxury goods, constructions materials etc.

GDP (bln AZN)

Anual growth (%)

GDP per capita (AZN)

Share in GDP (bln AZN)

- industry

- agriculture

- construction

- transport and communication

- others

Weighted annual GDP growth (last 5 years, %)

Revenue of state budget (mln AZN)

Weighted average budget revenue growth (%)

Expenditures of state budget (mln AZN)

Deficit of state budget (mln AZN)

(% of GDP)

Investments (mln AZN)

- Foreign investments (mln AZN)

- Domestic investments (mln AZN)

- Foreign Investments in the energy

sector (mln USD)

- Foreign Direct Investments (mln USD)

Annual Investments growth (%)

Inflation (%)

Actual charter capital of banks (mln AZN)

External debt (bln USD)

(% of GDP)

Deposit and Savings (thsd AZN)

Official International reserves (mln USD)

Economic Strength: 2005 2006 2007

11.9

26.4

1,436

5.7

0.9

1.1

0.9

3.0

15.6

2,055

36.5

2,140

-85.5

0.7

5,424

3,644

1,780

3,799

4,475

11.9

109.6

259.6

1,612

12.6

1,288

2,076

17.7

34.5

2,120

10.3

1.3

1.3

1.3

3.3

17.9

3,881

88.8

3,789

91.5

0.5

7,270

4,514

2,756

3,422

4,469

8.0

108.3

400

1,972

9.9

2,129

3,953

25.2

25.0

2,981

14.9

1.5

1.8

1.5

3.5

21.1

6,006

55.3

6,059

-52.9

0.2

6,775

2,737

4,038

3,456

3,595

17.8

116.4

603.3

2,441

8.2

3,183

4,015

12

External trade turnover indicators of Azerbaijan 2007(thsd. US dollars)

Azerbaijan's main trading partners in 2007(thsd. US dollars)

Azerbaijan's CompetitivenessAccording to the Global Competitiveness Report 2007-2008 conducted by the World Economic

Forum, Azerbaijan occupies 66th place on Growth Competitiveness and 78th place on Business

Competitiveness. The report covers 131 countries including the CIS countries, except Turkmenistan

and Belarus.

The Report is based on two indices: Global Competitiveness Index (GCI) - institutions, infrastruc-

ture, macroeconomy, health and primary education, higher education and training, market efficiency,

technological readiness, business sophistication, innovation; Business Competitiveness Index (BCI) -

TotalCountries with transition economy

CIS countries

Countries of Central and Eastern Europe

Countries with developed market economy

Countries of Western Europe

of which:

EU countries

Other countries of Western Europe

Other countries with Developed market economy

Developing countries

Countries with transition and centrally planned

economy

Other developing countries

External

Countries trade Import Export Balance

turnover

11766882.2 3056249.7

3003454.4

52795.3

4674001.5

3439729.6

3347498.9

92230.7

1234271.9

4036631

306600.2

3730030.8

5708573.5

1902822.6

1901089

1733.6

2362890.4

1731566.5

1673394.5

58172

631323.9

1442860.5

279132.7

1163727.8

6058308.71153427.1

1102365.4

51061.7

2311111.1

1708163.1

1674104.4

34058.7

602948

2593770.5

27467.5

2566303

349735.2 -749395.5

-798723.6

49328.1

-51779.3

-23403.4

709.9

-24113.3

-28375.9

1150910

-251665.2

1402575.2

TotalTurkey

Russia

Italy

Iran

USA

Ukraine

Germany

United Kingdom

Georgia

Israel

Indonezia

France

Kazakhstan

Japan

China

India

Republic of Korea

Brazilia

Finland

Greece

Malta

Chili

Netherlands

Romania

Belarus

Other countries

11766882.21680819.6

1529756.5

1081761.3

539966.8

496600.3

494742.3

490724.2

413989.5

406711.3

400688.3

396304

362565.1

349888.5

294955.7

288894.5

216923.5

216269.8

186683.1

151566.6

145857.8

120111.8

114710.5

108078.9

88425.9

79264.8

1110621.6

Countries Turnover % Import % Export % Trade

balance

10014.3

13

9.2

4.6

4.2

4.2

4.2

3.5

3.5

3.4

3.4

3.1

3

2.5

2.5

1.8

1.8

1.6

1.3

1.2

1

1

0.9

0.8

0.7

9.4

10010.9

17.6

2.5

1.8

4.7

8.2

8.3

7.2

1.1

0.5

0.1

1.8

3.9

5.2

4.9

1.3

1.6

2.1

2.7

0.5

0

0

1.8

0.1

1.3

10.1

10017.4

8.7

15.5

7.2

3.8

0.5

0.3

0.1

5.7

6.1

6.4

4.3

2.1

0

0.2

2.4

2.1

1.1

0

1.9

2

1.9

0.1

1.4

0

8.8

5708573.5624496.6

1002704.2

140832.8

105235.7

268404.2

465554.2

470993

410906.1

62930.8

30842.5

6011.3

103722.4

222294.2

294954.6

278790.9

71975.6

91498.7

117508.2

151485.2

30780.9

475.1

81.4

100726.8

3024.5

76940.5

575403.1

6058308.71056323

527052.3

940928.5

434731.1

228196.1

29188.1

19731.2

3083.4

343780.5

369845.8

390292.7

258842.7

127594.3

1.1

10103.6

144947.9

124771.1

69174.9

81.4

115076.9

119636.7

114629.1

7352.1

85401.4

2324.3

535218.5

349735.2431826.4

-475651.9

800095.7

329495.4

-40208.1

-436366.1

-451261.8

-407822.7

280849.7

339003.3

384281.4

155120.3

-94699.9

-294953.5

-268687.3

72972.3

33272.4

-48333.3

-151403.8

84296

119161.6

114547.7

-93374.7

82376.9

-74616.2

-40184.6

14

sophistication of company operations and strategy; quality of the national business environment.

Improving the state of economy by considering current problems and conducting effective market

reforms by the government will drive Azerbaijan towards development, at the same time it will further

increase its rating.

Global Competitiveness Index

Business Competitiveness Index

Business ClimateThe Republic of Azerbaijan is the leading FDI destination in the region. In the last decade the

total FDI stock in Azerbaijan exceeded 25 billion USD. Azerbaijan has achieved gradual improve-

ment in the overall legal framework for the investment activities in the country for last several years

with a number of practical regulations liberalising conduct of business and reducing red tape. It car-

ried out a revolutionary legal reform several years ago with adoption of new Tax code, Civil and

Civil Procedure Codes, Land Code, Labour Code, Customs Code, Foreign Exchange Law as well

as Law on International Arbitration made the system significantly more transparent and friendly for

local and foreign businesses.

The Government managed to open up economy for the international business and introduce

investments friendly laws and regulations. Generally, the Azerbaijani legislation establishes a very

open national regime for FDI (which means that FDI are welcome in any sectors where the local

investor is allowed to invest). Such a regime also applies to the privatisation of the state owned

property. There are no special permissions or specific registration requirements for foreign invest-

ment. The licensing was substantially simplified with foreign investors' interests in mind.

As of now a foreign investor in Azerbaijan enjoys a non-discrimination regime. The major eco-

nomic policies are FDI element inclusive, for example, the Government lifted limitations for foreign

participation in the banking sector. Privatisation process is open for foreign investors as well. Any

FDI restrictions are strictly limited to national security matters.

The major factors that turned Azerbaijan into a leading FDI destination and provide sound justifi-

cation for doing business here are:

- Abundant resourcesAzerbaijan is rich in mineral and climatic resources. The Caspian Sea oil & gas reserves are

one of the major deposits globally. Azerbaijani proper has also substantial explored deposits of pre-

Russia

Kazakhstan

Uzbekistan

Azerbaijan

Ukraine

Georgia

Armenia

Moldova

Tajikistan

Kyrgyzstan

1

2

3

4

5

6

7

8

9

10

58

61

62

66

75

90

93

97

117

119

Country Rank in CIS Rank in the world

Russia

Kazakhstan

Azerbaijan

Ukraine

Moldova

Georgia

Tajikistan

Armenia

Kyrgyzstan

1

2

3

4

5

6

7

8

9

71

72

78

81

99

100

104

108

116

Country Rank in CIS Rank in the world

16

cious metals (including gold and silver), ferrous and non-ferrous metals, various construction raw

materials deposits etc.

One of the major resources the country has is its natural diversity. Despite relatively small size,

the Azerbaijani territory due to complex terrain and geography has a number of distinct climatic

zones ranging from humid subtropical climate to semi-arctic. This creates unique opportunities in

agriculture and tourism.

- Favourable locationserves as the natural bridge between Europe and Central Asia as well as it is the most conven-

ient route from the north-east of Europe to the Middle East. The country is the logistics hub for the

Caspian region. Excellent infrastructure of Baku (including largest regional sea and air terminal) is

the best choice for any business entering the markets of the Caspian Sea region.

- Competitive cost of productionAzerbaijan has long lasting industrial and trade traditions. The industrial revolution has taken

place here in the late XIX century due to expanding and advanced oil production and processing

sector. Further industrial development led to growing R&D base. A large R&D centre, Academy of

Sciences with circa 7,000 research studies, exists in Azerbaijan in parallel with a number of univer-

sities and colleges.

The country is rich in engineering skills yet the wages are still very competitive. Azerbaijani gov-

ernment's policies in respect of utilities tariffs are manufacturer friendly.

- FDI friendly lawsAzerbaijani legislation is evolving in accordance with the strategic goal of the Government which

implements the "welcoming policy" for foreign businesses.

Foreign investments are protected by certain guarantees provided by the government and legis-

lation, including:

I. Guarantee against deterioration of legislation - the general rule is that legislation in force at

time of making an investment continues to apply for subsequent 10 years;

II. Guarantee against nationalisation and requisition - foreign investments are not subject to

nationalisation (except in cases of harm to population and state) and requisition (except in cases of

natural disaster, epidemics, accidents, emergencies). Foreign investors are guaranteed immediate,

adequate and effective compensation in case of nationalisation and requisition. Compensation

should be commensurate to the amount of the investment at the time of nationalisation or requisi-

tion, payable in foreign currency and may be freely transferred abroad;

III. Guarantee of compensation of damages - foreign investors are entitled to compensation of

damages, including lost profits, incurred as a result of unlawful acts of state authorities;

IV. Guarantee of repatriation of profits - foreign investors are entitled to repatriate profits derived

from foreign investments subject to payment of applicable taxes and duties. The new Foreign

Investment Bill currently under discussion in the Parliament is expected to reinforce the above guar-

antees as well as to introduce new legal instruments to protect foreign businesses.

The Government will continue the policy of support to industries with priority given for privately-

held enterprises including foreign-owned enterprises.

There are no general trade barriers or prohibitions for import of any types of goods in Azerbaijan

and a minimum non trade barriers level for international trade exists. The country is not a member

of WTO yet, though the Government started the accession process. Exported goods are not subject

to any customs duties and restrictions. Regulations exist for the export of strategic commodities

such as electricity, petrol, cotton and nonferrous metals.

A foreign investor is particularly welcome to enter the Azerbaijani market with a so called green

field project. This is particularly attractive bearing in mind the regional markets and the geographic

location of the country as the transportation hub for the Caspian region and Central Asia.

The Government has introduced a number of initiatives recently aimed at the improvement of

dialogue with the business community. Apart from the standard methods of communication with the

government via its ministries and agencies, foreign investors can effectively deliver messages via

such structures as the Azerbaijan Export & Investment Promotion Foundation (AZPROMO) aimed

at the promotion of export & investment mainly in the non-oil sector (for more information please

refer to www. azpromo.org).

One more governmental initiative is the Azerbaijani Investment Company JSC, a stateowned

joint-stock company, established by the Presidential Decree of 30th March, 2006 with charter capital

of AZN 90,000,000. The main objective of the AIC is to implement fixed-term equity investments in

the private sector and to assist FDI in the non oil sector in Azerbaijan.

Steps aimed at simplifying the process of business start-ups were undertaken recently.

Azerbaijani legislation is permissive in respect of expatriate staff employment.

18

Other substantial comparative advantages of doing business in Azerbaijan include such impor-

tant factors as macroeconomic and political stability in addition to Baku's reputation as being the

only metropolitan capital on the Caspian Sea.

Pursuant to the 1992 Foreign Investment Law in force, foreign investment, may take any of the

following forms:

- Participation in enterprises and organisations established with legal entities and citizens of the

Republic of Azerbaijan on a shared basis;

- Establishment of enterprises wholly-owned by foreign investors;

- Purchase of enterprises, property, buildings, structures, shares in enterprises, other shares,

bonds, securities, and certain other property, which, under the law of the Republic of Azerbaijan,

may be owned by foreign investors;

- Acquisition of rights to use land and other natural resources, and also other proprietary rights; and

- Conclusion of agreements with legal entities and citizens of the Republic of Azerbaijan provid-

ing for other forms of foreign investments.

Enterprises with foreign investment include joint ventures, enterprises wholly-owned by foreign

investors, and representations (offices and branches) of foreign legal entities.

Bilateral Investment Treaties.Azerbaijan has 34 bilateral treaties on the mutual protection of investments. Several more

treaties are currently being negotiated. Azerbaijan is also a party to a number of multilateral treaties

concerning foreign investment.

TaxationAccording to the Tax Code of the Azerbaijan Republic the taxes shall not be of discriminatory

nature and shall not be established based on the political, ideological, ethnic, confessional or other

existing differences between taxpayers.

Trade LiberalizationAzerbaijan has an observer status at WTO. Import of alcohol, alcoholic drinks, and tobacco as

well as food products of animal origin are subject to licensing. Imports of large communication

equipment must be authorized by the Ministry of Communications. Apart from commodities subject

to export restriction, exports are not subject to licensing.

Main Features of Customs RegulationsImport Tariffs

Today, imports are subjects to ad valorem duties at uniform rates at 0.5%, 3%, 5% and 15% of

declared customs value. Some goods are granted duty free entry. The average tariff was 7.35% in

2000.

In order to avoid under-invoicing, some products are subject to specific tariffs, which are called

as a fixed amount per unit of quantity or volume. They are set at levels consistent with a maximum

ad valorem tariff of 15%. In the context of cooperation with the IMF, the government has brought the

average import tax to 6.5% and significantly reduced the use of special tariffs.

Importers are also required to pay a minimum custom processing fee of about 4.5 USD or equal

to 0.015 percent of the declared custom value, if larger. This fee, which is payable independently of

whether the goods are exempt from customs duties or VAT, is not applied at all port facilities in the

country.

Tariff ExemptionsAccording to Article 34 of the law on "Customs Tariff", a duty free import regime applies to the

following: medical equipment and medicines, humanitarian goods and some products for military

use, property contributed by foreign investors to the equity capital of joint ventures and goods for

official use by diplomatic missions and international organizations. Moreover, customs duties are

not applied on goods imported under bilateral free trade treaties.

Special provisions for imports by companies working in the oil sector are an integral part of

Product Sharing Agreements between the Government and respected oil companies. Goods, tools,

equipment, supplies and services used under Product Sharing Agreements are duty free as well as

exempt from VAT. This regime is also extended to foreign firms registered in Azerbaijan and provid-

ing services to contractor parties as well as respected foreign sub-contractors.

There are no other duty free-exemptions from custom duties for imports used as factors of pro-

ductions for export products. This is one of serious obstacles for exports by the non-oil sector, since

many components need to be imported.

20

Import Quotas. ProhibitionsThere are import quotas on ethyl alcohol, alcohol beverages and tobacco products.

Exports tariffsIn Azerbaijan export tariffs are applied for the "non-precious metals and products thereof" (espe-

cially, Group 72 (ferrous metals) and Croup 76 (aluminium and articles thereof). In these groups tar-

iffs are applied to about 75 product items (51 of them from Group 72; 9 - Group 76; 15 - Groups 78,

79 and 80). Exports tariffs are estimated as 5 USD per tone for ferrous metals, 15 USD per ton for

aluminium and articles thereof, lead and articles thereof, zinc and articles thereof, tin and articles

thereof.

Export RestrictionsExport of works of arts, weapons, explosives, radioactive materials and wastes, narcotics, and

psychotic drugs are prohibited. In addition, exports of strategic commodities produced in Azerbaijan

are restricted; such commodities include: petroleum products, cotton, electric power and non/fer-

rous metals.

Participation in International OrganizationsAzerbaijan is a member of the following organizations: ADB, BSEC, CE, CIS, EAPC, EBRD,

ECO, FAO, GCTU, GUAM, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO,

Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM (observer), OAS (observer), OIC,

OPCW, OSCE, PFP, SECI (observer), UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO,

WFTU, WHO, WIPO, WMO, WTO (observer).

Partnership and Cooperation Agreement concluded between the European Union and

Azerbaijan entered into force in July 1999.

European Neighborhood Policy (ENP) Action Plan for Azerbaijan was adopted on 14 November,

2006 and offers Azerbaijan the prospect of increasingly close relationships with the EU, involving a

significant degree of economic integration and deepening political cooperation.

Important web-sites

President of the Republic of Azerbaijan - Ilham Aliyev: www.president.az

Cabinet of the Ministers of the Republic of Azerbaijan: www.cabmin.gov.az

National Assembly of the Republic of Azerbaijan: www.meclis.gov.az

Constitutional Court of the Republic of Azerbaijan: www.constcourt.gov.az

Central Electoral Commission of the Republic of Azerbaijan: www.cec.gov.az

Ministry of Economic Development: www.economy.gov.az and www.sahibkar.biz

Ministry of Communications and Information Technology: www.mincom.gov.az

Ministry of Foreign Affairs: www.mfa.gov.az

Ministry of Finance: www.maliyye.gov.az

Ministry of Ecology and Natural Resources: www.eco.gov.az

Ministry of Taxes: www.taxes.gov.az

Ministry of Labour an Social Protection of Population: www.mlspp.gov.az

Ministry of Education: www.edu.az

Ministry of Health: www.sehiyye.gov.az

Ministry of Transport: www.mintrans.az

Ministry of Justice: www.justuce.gov.az

State Customs Committee: www.az-customs.net

State Statistical Committee: www.azstat.org

State Committee for Securities under the Auspices of the President of AR: www.scs.gov.az

State Committee on Affairs with Azerbaijanis Living in the Foreign Countries: www.diaspora.az

National Academy of Sciences: www.science.az

National Bank: www.nba.az

State Agency on Standartisation, Metrology and Patents of the Republic of Azerbaijan: www.azstand.gov.az

Azerbaijan Export & Investment Promotion Foundation: www.azpromo.org

Azerbaijan Investment Company: www.aic.az

Azerbaijan Marketing Society: www.marketing.az

Sources:


AZPROMO

State Statistics Committee

25

“Baku oil and food industry”

Registration Date: 27.12.1997Field of Activity: Production of oil productsProducts and services for export:a) Ana Bala Ghee, Diplomat Ghee, Maslo Toplenoe Ghee, TeksunNew Gheeb) Blendo Chichek Oil, Final New Aychichek, Final New MisirozuYagi, Solnechnoe Sunflower Oil, Vega Aychichek, ZolotoeSolnishko Aychichek, Zolotoe Solnishko Misirozu Oil.c) Final Zeytun Riviera, Final Zeytun Naturel Sizma, Final ZeytunGrafin, Zeytun Baglari Olive Oild) Pasha Margarin

Maximum and minimum volume of each product: Thin oils - per month 3450 t, per year 37950 tThick oils - per month 6000 t, per year 66000 tDocuments/Certificates affirming the conformity of product or service:1) Issued by Ministry of Health of Republic of Azerbaijan: - Sanitary certificates; Conformance certificates2) TSE ISO 9001-2000 Quality certificatesPreferable way of transportation: Railway, Waterway, Motor road.Conditions of delivery: AnyAgencies in other countries: Russia, Georgia, KazakhstanCompany experience on export operations: Russia, Georgia, Kazakhstan

Company Address5, 5th Kondelen str., Baku, Azerbaijan

Tel.: (+994 12) 567 50 23

Fax: (+994 12) 496 69 46


Web-site: www.azersun.com

26

Registration Date: 06.04.2004Field of Activity: Pastry, confectionery and sponge-cake pro-ductionProducts and services for export:a) Sponge-cake productsb) Macaroni foodsc) Chocolate productsd) Flour (packaged)Maximum and minimum volume of each product:Macaroni - 1000 ton (monthly)Packaged flour - 300 ton (monthly)Sponge-cake - 500 ton (monthly)Chocolate - 220 ton (monthly)Characteristics and description of each product group: Weight of Sponge-cake products (in packaged form) - from 100 gr to 5 kgMacaroni foods (in packaged form) - from 350 gr to 5 kgFlour foods (in packaged form) - 1 and 2-kg packagesDocuments/Certificates affirming the conformity of product or service: According to legislation:1) Quality certificate2) Certificate of conformityPreferable way of transportation: Railway, Waterway, Motor roadConditions of delivery: FOB, CIF, FCAAgencies in other countries: GeorgiaCompany experience on export operations: Georgia, Russia

“BISMAK Food Industry Complex” LLC

Company AddressIndustrial Zone, Block 76, Sumgayit,

AZ5000, Azerbaijan

Tel.: (+994 12) 447 00 60

Fax: (+994 12) 448 00 89


Web-site: www.bismak.az

Contact person(s): Mr. Mahammadali L. Ismayilov

28

Registration Date: 12.09.2003Field of Activity: Production of canned productsProducts and services for export:a) Tomato pasteb) Canned Beefc) Canned green peasd) Canned prepared foode) Jamsf) Picklesg) Other canned foodMaximum and minimum volume of each product:Fruit and vegetable products - 30-32 000 t per yearMeat products - 6 000 t per yearCharacteristics and description of each product group:Tomato pastes - 340, 370, 390, 720, 750-gr glass potsCanned Beef - 250, 338, 370, 425 and 525, 700-gr iron containers.Canned prepared food - 325 grPreserves - 440 gr and 2.5 kg glass pots, 700 gr glass pot, 1 kg plastic and 5 kg pasteboard boxOther canned foods - 370, 720 gr glass potsDocuments/Certificates affirming the conformity of product or service with international stan-darts: TS-ISO-EN9001-2000Preferable way of transportation: Railway, Waterway, Motor roadConditions of delivery: FOB, CIF, DDU, CPT, EXW, FCAAgencies in other countries: Russia, Georgia, KazakhstanCompany experience on export operations: Russia, Georgia, Kazakhstan

“Caucasus Cannery” OJSC

Company AddressBaku-Khachmaz road, 157th km,

Khachmaz, Azerbaijan

Tel./Fax: (+994 12) 496 69 46



30

Field of Activity: Production/Commerce/Service Production and sale of the confectionery and agricultural products

Products and services for export:a) Confectionery and food productsb) Agricultural products

Characteristics of product(s)/service(s):a) Accordance certificateb) Sanitary certificatec) All other norms and standards obtained

Preferable way of transportation: Railway, Waterway, Motor road

“Chudo Pechka” LLC

Company Address36, J.Khandan str., Baku, Azerbaijan

Tel.: (+994 12) 436 32 55/56/57

Fax: (+994 12) 561 51 06


Web-site: www.chudopechka.com

Contact person(s): Mr. Ilham Suleymanli

31

“ELFEM” Ltd

Registration Date: 19.11.2003

Field of Activity: Agriculture products manufacturing

Products and services for export: Hazelnut products

Characteristics and description of each product group:1) Pair of sacks 50 kg and 80 kg2) Free packages 12.5-25 kg

Documents/Certificates affirming the conformity of product or service:a) AZS 077 -2003b) TS-3075, TS-1917c) GOST 16835-81d) Hygienic and conformity certificates

Preferable way of transportation: Motor road

Conditions of delivery: CPT, EXW, FCA

Export countries: European countries, Russia, CIS

Company Address7, A. Rzayev str., Amirjan settlement,

Baku, Azerbaijan

Tel.: (+994 12) 447 35 08; 480 35 08

Fax: (+994 12) 448 35 08


Web-site: www.elfem.az

Contact person(s): Mr. Eldar Mammadov

32


Field of Activity: Alcoholic beverages production

Products and services for export: Natural grape wine in wideassortment

Characteristics of product(s)/service(s): AZS certificates, yearly

Characteristics and description of each product group: Thecompany specializes on manufacture of natural grape wines in wide assortment, vodka and cognac productsof the refined quality.

Documents/Certificates affirming the conformity of product or service with international stan-darts: ISO 9001:2000 and HACCP

Preferable way of transportation: Railway

Conditions of delivery: CPT, FCA

Agencies in other countries: The exclusive distributor Joint Stock Company « Ganja Sharab-2 » in Russiais LLC "Paritet". Contact phones: (+7 495) 440 05 95/440 07 55

Company experience on export operations: Russian Federation, 8-year experience

“Ganja Sharab - 2” OJSC

Company Address3, Kenar str., Ganja, AZ 2000, Azerbaijan

Tel.: (+994 22) 56 04 00

Fax: (+994 22) 56 04 00


Web-site: www.wines. az

Contact person(s): Mr. Saleh Babazade

33

“Gunel-3” MC


Field of Activity: Production of canned fruits and vegetables andnatural juices

Products and services for export:a) Pomegranate and Narsharabb) Saucec) Jamd) Compote

Characteristics of product(s)/service(s):a) Hygienicb) Conformityc) FITO-sanitary

Maximum and minimum volume of each product: By demandCharacteristics and description of each product group:Pomegranate: 0.20/ 0.25/ 0.33/ 0.50/ 0.75/ 1.0Narsharab: 0.10/ 0.20/ 0.25/ 0.30Jam: 0.30/ 0.35Sauce: 0.30

Preferable way of transportation: Railway, Motor roadConditions of delivery: Any

Company Address2096, Darnagul, Baku, Azerbaijan

Tel.: (+994 12) 514 33 94

Fax: (+994 12) 514 33 95


Web-site: www.Gunel-3.az

Contact person(s): Mr. Vakil Suleymanov

34


Field of Activity: Flour products production, production bypolypropylene sacks, poultry factory

Products and services for export:a) Macaroni foodsb) Hen's eggc) Polypropylene sacksd) Bran

Preferable way of transportation: Railway, Motor road

Conditions of delivery: FOB, CIF, DDU, CPT, EXW, FCA

Company experience on export operations: Russia, Turkey, Iran, Kazakhstan, Ukraine, Georgia

“KARAT HOLDINQ” LLC

Company Address201, M.Mukhtarov str., Baku, Azerbaijan

Tel.: (+994 12) 436 86 66

Fax: (+994 12) 436 86 60


Contact person(s): Mr. Asabil Gasimov

35

“Milk-Pro” LLC

Registration Date: 04.06.1996Field of Activity: Production and sale of consumer goods

Products and services for export:a) Fruit juice and nectars (pomegranate, quince, feijoa, peach,apricot, mango, cherry, apple)b) Fruit concentrates (pomegranate, apple, quince, watermelon, melon)c) Dairy products (milk, white cheese)

Characteristics of product(s)/service(s):a) Certificate of qualityb) Hygienic certificate

Characteristics and description of each product group:a) Natural fruit juice - Tetra Pak (1 liter and 0.2 liter. Box: 12 packs. Net weight: 13 kg and 5.7 kg respectively.b) Natural fruit juice - 0.3 liter glass bottle. Box: 12 bottles. Net weight: 7.6 kg.c) Fruit juice concentrate - aseptic iron barrel. Net weight: 220 kg

Documents/Certificates affirming the conformity of product or service: ISO 9001:2000; HACCP -Codex AlimmtariusPreferable way of transportation: Railway, Motor roadConditions of delivery: FCAAgencies in other countries: "Soyuz - M-Pro", Russian Federation; "Ograe", Russian Federation; "Haljas",Baltic countries; "Radex", IsraelCompany experience on export operations: Russia, Moldova, Belarus, Israel, Australia, New Zealand

Company Address4, H.Salmani str., Baku, Azerbaijan

Tel.: (+994 12) 490 45 54

Fax: (+994 12) 490 12 62


Web-site: www.mpro.az

Contact person(s): Mr. Tahir Mammadov

36

Registration Date: 1997

Field of Activity: Processing and sale of agricultural products

Products and services for export:a) Pomegranate juice b) Narsharabc) Concentrated pomegranated) Jam

Maximum and minimum volume of each product:3 million bottles per year (juices and jam)

Characteristics and description of each product group: 1 litre, 0.75 litre, 0.33 litre, 0.25 litre bottles0.46 litre pots

Documents/Certificates affirming the conformity of product or service with international stan-darts: “EuroQuality”, “Superior Quality - 2004” (American Consumer Testing Institute), “Best Value” Goldmedal - 2004 (American Consumer Testing Institute) “Best Taste” Gold medal - 2004 (American ConsumerTesting Institute), “Best Value” Gold medal - 2004 (American Family Testing Institute)

Preferable way of transportation: Railway, Waterway, Motor road, Airway


Company experience on export operations: USA, Canada, EU, CIS, Japan, South Korea

“Miri Pak” Food Industry Complex

Company Address69, A.Huzeynzade str., Yasamal district,

Baku, Azerbaijan

Tel.: (+994 12) 494 48 72

Fax: (+994 12) 448 16 08


Contact person(s): Azizov Gulagha

38


Field of Activity: Production of corbonated and non-corbonated water

Products and services for export:a) Alsu 20 litre plastic bottleb) Alsu 2 litre plastic bottlec) Alsu 1,5 litre plastic bottled) Alsu 1 litre plastic bottlee) Alsu 0,5 litre plastic bottle

Preferable way of transportation: Railway, Waterway, Motor road


“Sadiq” LLC

Company Address40, Natavan str., Qakh, Azerbaijan

Tel.: (+994 144) 5 41 81

Fax: (+994 144) 5 41 81

Contact person(s): Mr. Ilkin Gurbanov

39

Babek “Sirab” OSJC

Registration Date (day, month, year): 15.06.2003Field of Activity: Mineral Water Production and SaleProducts and services for export:a) Sirab 0.33 litre glass bottleb) Sirab 0.5 litre glass bottlec) Sirab 0.25 litre plastic bottled) Sirab 0.5 litre plastic bottlee) Sirab 1 litre plastic bottlef) Sirab 1.5 litre plastic bottleMaximum and minimum volume of each product:Sirab 0.33 litre glass bottle (0.33 litre ± 0.3%)Sirab 0.5 litre glass bottle (0.5 litre ± 0.3%)

Sirab 0.25 litre plastic bottle (0.25 litre ± 0.3%)Sirab 0.5 litre plastic bottle (0.5 litre ± 0.3%)Sirab 1 litre plastic bottle (1 litre ± 0.3%)Sirab 1.5 litre plastic bottle (1.5 litre ± 0.3%)Characteristics and description of each product group:Sirab 0.33 litre glass bottle-quantity 24 pieces, length - 37 cm, width- 24.5 cm, height- 20 cm, weight-13 kqSirab 0.5 litre glass bottle-quantity 20 pieces, length - 35 cm, width-29 cm, height- 24 cm, weight-16 kqSirab 0.25 litre plastic bottle-quantity 18 pieces, length - 32 cm, width-16 cm, height- 19 cm, weight-4.9 kqSirab 0.5 litre plastic bottle-quantity 15 pieces, length - 31.5 cm, width-19 cm, height- 14.5 cm, weight-8.1 kqSirab 1 litre plastic bottle-quantity 12 pieces, length - 30 cm, width-22 cm, height- 30.5 cm, weight-13 kqSirab 1.5 litre plastic bottle- quantity 6 pieces, length - 26 cm, width-17.5 cm, height- 33 cm, weight-9.3 kqPreferable way of transportation: Railway, Waterway, Motor roadConditions of delivery: FCA

Company experience on export operations: Turkey Republic, Russian Federation, Kazakhstan Republic, Islamic Republic of Iran

Company AddressSirab village, Babek disrtrict,

Nakhchivan AR, Azerbaijan

Tel.: (+994 136) 41 81 13, 45 91 21

Fax: (+994 136) 45 85 01


Web-site: www.sirab.az

Contact person(s): Mr. Namiq Novruzov

40

Registration Date: 1996Field of Activity: Production and packaging of tea productsProducts and services for export:a) Azerchay, Azerchay Teabagb) Maryam Broken, Maryam Broken Teabag, Maryam Bergamot,Maryam original , Maryam Teabag, Maryam Super Siyahc) Purrengi Kek, Purrengi ARd) Final Pekoe, Final Teabag (fruit and flavoured), Final FBOPDocuments/Certificates affirming the conformity ofproduct or service with international standarts: a) Hygienic certificate No:07-1404 for black velvety teas issued byHygiene and Epidemiology Centre, Ministry of Health of Republicof Azerbaijanb) AZS Conformance Certificate No:AZ031:01.02.00530.07 for "Azerchay", "Maryam", "Purrengi", "Final TeaBag", "Final" black velvety teas issued by State Agency for Standardization, Meteorology and Patent ofRepublic of Azerbaijan c) K-Q TSE-ISO-EN 9001:2000d) G-F TSE-ISO-EN 22000e) TSE ISG-OHSAS TS 18001f) Ç-E TSE-ISO-EN 14001Preferable way of transportation: Railway, Motor roadConditions of delivery: CIF, CPTAgencies in other countries: Russia, Georgia, KazakhstanCompany experience on export operations: Russia, Georgia, Kazakhstan

“Sun Tea Azerbaijan” OJSC

Company Address12, D. Bunyadov str., Bakikhanov

settlement, Baku, Azerbaijan

Tel.: (+994 12) 425 15 81

Fax: (+994 12) 425 39 31



42


Field of Activity: Food industry, confectionery and pastry

Products and services for export:a) Weight chocolate candiesb) Packed chocolate candiesc) CaramelCharacteristics of product(s)/service(s):Tare - 0.154Net weight - 13-14 gTare weight - 2.650 g

Documents/Certificates affirming the conformity of product or service with international stan-darts: a) Conformance certificateb) Hygienic certificatec) RST -State Standard of Russian Certification System


Conditions of delivery: CPT

Company experience on export operations: Russia, Kazakhstan, Israel, USA

“Shirin” LLC

Company Address17, A B.Bunyatov str., Bakikhanov

settlement, Baku, Azerbaijan

Tel.: (+994 12) 425 16 07/69

Fax: (+994 12) 425 16 69/53


Web-site: www.shirin.az

Contact person(s): Mr. Aliyev T.M.

44

Registration date: 1927

Field of Activity: Carpet and carpet items production (manual)

Products and services for export: Carpet and carpet items

Characteristics of product(s)/service(s):National carpet-weaving trade

Maximum and minimum volume of each product:150 m2 per month

Characteristics and description of each product group:1 m2 carpet weight 2 kg 800 g

Preferable way of transportation: Airway

Conditions of delivery: FOB

Company experience on export operations: America, Germany, England, Italy, Russia, Czechia, Turkey,UAE etc.

“Azerkhalcha” Scientific andCreative Production Assosiacion

Company Address20, 22, Gulla str., Ichari Shahar,

Baku, Azerbaijan

Tel.: (+994 12) 418 80 82

Fax: (+994 12) 492 61 23


Web-site: www.azerkhalcha.com

Contact person(s): Mr. Alisafa Nuriyev

45

“Azpetrol Ltd.” LLC

Registration date: 04.10.2004

Field of Activity: Sale of oil and fuel gas

Products and services:a) AI-95, 93, 80; fuel gas, dieselb) 65 filling station

Documents/Certificates affirming the conformity ofproduct or service: ISO 9001:2000; “Business Prestige”

Preferable way of transportation: Car

About company: "Azpetrol" company launched its activity on 15 July, 1997 by opening its first petrol fillingstation on Tbilisi prospect in Baku. By the end of the year number of petrol filling stations we have constructedreached 8. In coming years this number was growing and at present there are 65 stations. Out of them 61 carryout sale of petrol and diesel, another 4 sell liquid gas.

An Oil base with capacity of 7000 tones provided by the system of fire protection, signaling and security aswell as an Auto park consisting of 107 cistern type cars, belonging to company function on daily basis.

Company Address63/65, Mirza Mansur str.,

Baku, Azerbaijan

Tel.: (+994 12) 497 69 75

Fax: (+994 12) 497 68 64


Web-site: www.azpetrol.com

Contact person(s): Mr. Guseynaga Rahimov

46


Field of Activity: Footwear production

Products and services for export:a) Military boots, safety boots, shoes 600 000 pairs per annumb) Everyday leather shoes for kids and men 100 000 pairs perannumc) Work boots 100 000 pairs per annum

Documents/Certificates affirming the conformity of product or service with international stan-darts: ISO 9001:2000

Company experience on export operations: Republic of Kazakhstan

“BOT” LLC

Company Address53, Binagadi macadam,

Baku, AZ1054, Azerbaijan

Tel.: (+994 12) 412 46 26, 412 31 84

Fax: (+994 12) 412 36 01


Web-site: www.bot-az.com

Contact person(s): Mr. Arif Mardanov

47

“Caucasus Paper Industry” Ltd

Registration Date: 1997Field of Activity: Production of cleaning and domestic paperproductsProducts and services for export: Paper items - napkin,kitchen towel, pocket towel, tissueMaximum and minimum volume of each product:Napkin production 65000 boxes per monthTissue production 10000 boxes per monthPaper towel production 10000 boxes per monthDispenser towel production 2500 boxes per monthDispenser napkin production 2500 boxes per monthFacial tissue 8500 boxes per month

Documents/Certificates affirming the conformity of product or service:K-Q TSEN ISO-9001:2000-On Quality Management SystemTSEN ISO-9001:2000- Reeled and packed hygienic paper productionAZS 250-2007-Conformity certificationAZS 251-2007- Hygienic certification AZS 250-2007-Hygienic certification AZS 249-2007- Hygienic certification AZS 249-2007- Conformity certification AZS 249-2007- Conformity certificationPreferable way of transportation: Railway, Waterway, Motor roadConditions of delivery: FOB, CIF, DDU, CPT, EXW, FCA, AnyAgencies in other countries: Georgia, KazakhstanCompany experience on export operations: Georgia, Kazakhstan

Company AddressAzerbaijan, Baku,

Tel.: (+994 12) 496 69 18

Fax: (+994 12) 566 24 80



48

Registration Date: 08.05.2002Field of Activity: Production and sale of home and office furnitureProducts and services for export:a) Home furnitureb) Office furnitureMaximum and minimum volume of each product:Home furniture - 15 beamsOffice furniture - 2 beamsCharacteristics and description of each product group:Home furniture: width - 2400 mmOffice furniture: width - 42, height - 193, depth - 42Documents/Certificates affirming the conformity ofproduct or service with international standarts: a) ISO 9001 ( 2000)b) AZS NATIONAL CERTIFICATION SYSTEM Sitting-room furniture, kitchen furniture, office furniturec) AZS NATIONAL CERTIFICATION SYSTEM Bedroom furniture, furniture for health institutionsd) AZS NATIONAL CERTIFICATION SYSTEM Board made of wood shavings e) AZS NATIONAL CERTIFICATION SYSTEM For educational institutions


Conditions of delivery: FOB, CIF

Company experience on export operations: Russia, Georgia, Kazakhstan, Kyrgyzstan, Turkmenistan,Iran, France

“Embawood” LTD

Company Address2, Shahriyar str., Masalli city,

AZ 4400, Azerbaijan,

Tel.: (+994 12) 431 98 42/43

Fax: (+994 12) 431 00 81


Web-site: www.embawood.com

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Field of Activity: Production and sale of building materials

Products and services for export:a) Tile adhesivesb) Groutsc) Gypsum-based productsd) PVA gluese) Waterproofing materialsf) Surface preparing materialsg) Industrial flooring systems and self leveling materialsh) Concrete admixtures

Product/Service Specifications:a) Tile adhesive is cement based mortar containing chemical additives enhancing the product performance

and workability.ISO 9001-2000

b) Grouts are cement-based joint filler which provides smooth surface containing chemical additives,that increases product performance, cracking resistance and workability.ISO 9001-2000

c) Gypsum-based products include undercoat and finished plasters, machine plaster, decorative gypsum,joint fillers.ISO 9001-2000

d) PVA glues possess high adhesive feature and are used in fixing parquet etc. ISO 9001-2000e) Waterproofing materials are cement-based isolation mortar with chemical additives enhancing product

performance, workability providing water imperviousness.ISO 9001-2000

f) Surface preparing materials are cement-based single component surface repairing mortar containingfiller in special granule size with chemical additives enhancing the performance and workability.ISO 9001-2000

Characteristics and description of each product group:- Tile adhesives, waterproofing materials, surface preparing materials, industrial flooring systems and self lev-eling materials, concrete admixtures are packed in 25 kg sacks being 3 layers of paper and 1 layer of polyeth-ylene;- Grouts are packed in 20, 15, 5, 1 kg sacks.- Gypsum-based products are packed in 30 kg polyethylene sacks.- PVA glues are packed in 20, 8, 3, 0.85 kg packages.

Conditions of delivery: EXW, FOB, CIF, DAF

Agencies in other countries:1. Central Asia: Sayeddin Jafarov, mob.:(+994 50) 208 66 95, [email protected]. Georgia and Ukraine: Mehdi Adilov, mob.:(+994 50) 232 07 15, [email protected]. Russia: Ilham Shirinov, mob.: (+994 50) 232 07 81, [email protected]

Company experience on export operations: Kazakhstan, Russia, Georgia, Ukraine

“Matanat A” companyCompany AddressBaku-Sumgayit road 13.5 km, Baku, Azerbaijan

Tel.: (+994 12) 442 99 33

Fax: (+994 12) 442 93 00


Web-site: www.matanata.com

Contact person(s): Mr. Fuad Bashirov

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Registration Date: 19.04.1995The associative member of International Cotton Association inLiverpool since 2003Field of Activity: Production and sale of cotton goods, cottonfiber, cotton yarn and cotton oil. Supply of by products such asuluk, lint, cotton down, cotton mill cake and cotton oil acidProducts and services for export:a) Putting into operation a business centre and hotelb) Cotton fiberc) Cotton yarnd) Cotton oil, cotton mill cake, lint, uluk, cotton down, cotton oil acidCharacteristics of product(s)/service(s):a) A-Class office-hotel complex. A Junior Suite level hotel and 170-person conference hall at the complex arefully equipped in accordance with the modern standards. b) Cotton fiber was registered in cotton exchanges of Liverpool, Bremen, Gdansk.Maximum and minimum volume of each product:Cotton fiber - 20000 tons/per yearCotton yarn - 10000 tons/per yearCotton oil - 4000 tons/per yearCotton mill cake - 20000 tons/per yearAdditional products - 1000 tons/per yearDocuments/Certificates affirming the conformity of product or service: "SGS Azeri Ltd", "INTERTEKAzeri Ltd", "WIS Ltd"Preferable way of transportation: Railway, Truck haulageTerms of delivery: EXW, FCA, DAFForeign Counterparts: Switzerland, Russia, Turkey, Iran, Georgia

“MKT Istehsalat Kommersiya” LTD

Company Address95, H. Aliyev avenue, Baku, Azerbaijan

Tel.: (+994 12) 497 13 04

Fax: (+994 12) 497 13 07


Web-site: www.mktcotton.com

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“NEXUS” LTD

Registration Date: 19.10.2006Field of Activity: Production of notebooks, personal computers,servers, monitors and projectorsProducts and services for export:a) Notebooksb) Personal computersc) Monitors and LCD TVd) Projectorse) ServersMaximum and minimum volume of each product:a) Notebooks - minimum 100, maximum 1000 (monthly)b) PC - minimum 100, maximum 1000 (monthly)

c) Monitors - minimum 100, maximum 1000 (monthly)d) Projectors - minimum 50, maximum 200 (monthly)e) Servers - minimum 10, maximum 30 (monthly)Characteristics and description of each product group:Notebooks - 5 kgPC- 12 kgMonitors - 4 kgProjectors - 2 kgDocuments/Certificates affirming the conformity of product or service with international standarts: It is produced with the latest Intel technology, it is used a state-of-the-art and certified parts.There is ISO 9001-2000 certificate, CE certificate, AZS certificate.Preferable way of transportation: Railway, Motor road, AirwayConditions of delivery: FOB, CIF, EXW

Agencies in other countries: Kazakhstan, Uzbekistan, Georgia, Iran Company experience on export operations: Kazakhstan, Uzbekistan, Georgia, Iran, Austria

Company Address30, Kaverochkin str. (Azadlig ave.)


Tel.: (+994 12) 449 55 55

Fax: (+994 12) 440 77 99


Web-site: www.nexus.az

Contact person(s): Mr. Zaur Mamedzade

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Registration Date: 26.12.1999Field of Activity: Manufacturing of products from different typeof plasticProducts and services for export:a) UPVC pipe and fittingsb) UPVC panels and accessories for ceilingc) UPVC window profilesd) PPRC pipe and fittingse) PE pipe and fittingsf) plastic box for electric meters.Characteristics of product(s)/service(s):Maximum and minimum volume of each product: 616 000USD- monthly, 7 392 000 USD- annual turnoverCharacteristics and description of each product group:The following markings are made on the NJT-2000 sewer pipes and fittings:- registered quality mark; - NJT-2000 logo; - material name - PVC; - nominal diameter - DN; - wall thickness - S; - production date - day/month/year; - length in conformance to EN 1329-1 European standard. Possible lengths: L = 150; 250; 500; 1000; 2000; 3000; 5000; 6000 mm.The following is indicated on the rubber clamps:- standard - DIN 4060; - the trade mark of producer of the sealing ring; - date of manufacturing -day/month/year; - nominal external diameter - DN; - kind and number of the socket of sealing ring.Documents/Certificates affirming the conformity of product or service with international stan-darts: ISO 9001 certificatePreferable way of transportation: RailwayConditions of delivery: CIFCompany experience on export operations: Russia, Kazakhstan, Georgia, Uzbekistan

"NJT2000" LTD

Company Address43A, Babek ave., Baku, Azerbaijan

Tel./Fax: (+994 12) 447 26 46

(+994 12) 447 26 47


Web-site: www.njt2000.com

Contact person(s): Mr. Ahmet Fethi Ozkul

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Registration Date: 20.10.2000Field of Activity: Business, production of furniture and soft fur-nishingsProducts and services for export:a) Furnitureb) Soft furnishingsCharacteristics of product(s)/service(s):Maximum and minimum volume of each product:Furniture, yearly volume 240 piecesSoft furnishings, 300 pieces

Documents/Certificates affirming the conformity ofproduct or service with international standarts:a) Conformity certificate BN002279, Set of furnitureb) Conformity certificate BN002280, Seat furniture, chairs, set of soft furnishings


Conditions of delivery: CIFAgencies in other countries: Republic of Turkey, Russian Federation

Company experience on export operations: Republic of Georgia

“Saloglu” Private enterprise

Company AddressBaku-Gazakh highway 452nd km,

Azerbaijan

Tel.: (+994 244) 5 24 71

Fax: (+994 244) 5 22 27


Web-site: www.saloglu.com

Contact person(s): Mr. Sadikh Sadikhov

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“SINAM” LTD


Field of Activity: Software development, Telecommunicationprojects, Maintenance&support, Delivery&sales, Network installa-tion and support, Internet services, IT consulting

Products and services for export:a) Softwareb) Computer equipments

Documents/Certificates affirming the conformity of product or service: ISO 9001:2000

Preferable way of transportation: Railway, Motor road, Airway

Company Address9, F.Agayev str., AZ1141, Baku, Azerbaijan

Tel.: (+994 12) 510 11 00

Fax: (+994 12) 439 26 33


Web-site: www.sinam.net

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Field of Activity: Prospecting, exploration and exploitation of oiland gas fields, production, processing and transportation of oil,gas and gas condensate, sale of derived of them products in localand foreign markets, scientific research and project works.

Products and services for export: Raw oil and oil products

Maximum and minimum volume of each product:Estimated annual exports:a) Petrol - 328 000 tonsb) Diesel fuel - 1324 000 tonsc) Fuel for aircrafts - 310 000 tonsd) Stove fuel (mazut) - 876 000 tons

Characteristics and description of each product group: According to the state standards

Documents/Certificates affirming the conformity of product or service: According to the state standards


Conditions of delivery: FOB, FCA

Agencies in other countries: Georgia, Romania, Turkey, Great Britain, Switzerland

Company experience on export operations: Since 1994 in 47 countries

State Oil Company ofAzerbaijan Republic (SOCAR)

Company Address73, Neftchiler Avenue, Baku, Azerbaijan

Tel.: (+994 12) 492 17 89

Fax: (+994 12) 497 11 67


Web-site: www.socar.az

Contact person(s): Mr. Yashar Nebiyev

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“Ziya+” LTD


Field of Activity: Production, Sale

Products and services for export:a) Cash registerc) ATM redeipt tapesd) Fax paper

Characteristics and description of each product group:Width - all range from 14 mm to 420 mmLength - all range from 10 mm to 500 mm

Made from German raw material - Thermo and offset paper

Preferable way of transportation: Motor road

Conditions of delivery: CPT

Company Address4, A. Maharramov str., Baku, Azerbaijan

Tel./Fax: (+994 12) 430 22 22


Web-site: www.ziya.az

Contact person(s): Mr. Gafar Abdullayev

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Field of Activity: Azerbaijan national art benchworks and souvenirs

Products and services for export: Earthenware, carpets, pic-tures and drawings painted with oil paint, embroideries madefrom beads, national utensils, candlesticks, indicator-boards,national dressings for men and women and attributes, vases andother works from glass, collection backgammon, wood engraving,lamps, daggers and etc.

Maximum and minimum volume of each product: It depends on customer order and characteristics ofproduct

Characteristics and description of each product group: Retail Trade Enterprise Association, Certificate


Conditions of delivery: FOB

“Ziya Suvenir” LTD

Company Address36, Inshaatchilar avenue, Baku, Azerbaijan

Tel./Fax: (+994 12) 436 88 88



Contact person(s): Mrs. Shahla Dunmayaliyeva

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Field of Activity: Bank, Finance

Products and services for export:a) For indivuduals:Opening of the accounts in local and foreign currency; Teller serv-ices; Deposits; Operations on conversion; Crediting; Operationswith securities; Consultations; Operations with plastic cards;Western Union.

b) For corporate clients:Opening accounts in local and foreign currency; Teller services; Deposits; Operations on conversion; Crediting;Operations on securities; Documentary operations; Consultations.

c) Interbank business:Opening of the corresponding accounts in foreign and local currency; Teller services; Documentary opera-tions; Security operations; List of correspondent accounts; Tariffs.

“AGBank” OSJC

Company Address16, Landau str., Yasamal, Baku, Azerbaijan

Tel.: (+994 12) 497 50 17

Fax: (+994 12) 498 96 15


Web-site: www.azerigazbank.com

Contact person(s): Mr. Azer Movsumov

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Banking &

Finance

“Azerdemiryolbank” OJSC


Field of Activity: Bank, Finance

Products and services for export:

a) For physical persons: Opening of accounts; Deposits; Credits; Leasing; Microcredits;Credits; The mortgage; Plastic cards; Tariffs; Remittances;Reception of municipal payments; Phone banking; Sms banking.

b) For legal persons: Opening of accounts; Settlement-cash service; Deposits; Business credits; The letter of credit and guarantees;Plastic cards; Remittances; Encashment; New products.

Company Address31, Karabakh str., Baku, Azerbaijan

Tel.: (+994 12) 444 71 71, 444 71 30

Fax: (+994 12) 496 09 77


Web-site: www.azerdemiryolbank.com

Contact person(s): Mr. Zamig Shukurov

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Field of Activity: Any kind of banking activity

Products and services for export:a) Local and International clearingb) Exchange operationsc) Remittance (Coinstar, Western Union, Bistraya Pochta, Migom,

Xpress Money, Contact)d) Financing trade service supported by leading world bankse) Consumer and commercial creditsf) Leasing servicesg) Demand and time deposith) American Express traveller's cheque i) Business consulting and market researchj) Master Card cards (debit, credit, hybrid and salary cards)k) Bank-Customer system

“Bank of Baku” Open Joint Stock Company

Company Address42, Ataturk avenue, Baku, Azerbaijan

Tel.: (+994 12) 447 00 55

Fax: (+994 12) 498 82 78


Web-site: www.bankofbaku.com

Contact person(s): Mr. Jalal A. Gasimov

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Banking &

Finance

“Bank Standard” KB CJSC


Field of Activity: Conducting banking activities in accordancewith legislation

About the company: The first-rate private commercial bank inAzerbaijan. Wide range of products and services - Amex Travelerscheques, Western Union, "Bystraya Pochta", "Contact", "Migom"int'l money transfer systems, ATM/debit cards, VISA, MasterCard,personal & corporate loans, documentary operations. Wide branch

& ATM networks in Azerbaijan, correspondent accounts in the leading banks worldwide

Bank Standard was established in December, 1995 and carried out its activities as a subsidiary bank of theRussian "Most-Bank" until 1998 when the Bank was transformed into the financial institution fully owned byAzerbaijani investors. The Bank proved itself as a retail financial institution principally specializing in providingservices to individual customers. Upon successfully conducted rebranding campaign in 2004 the bankassumed its new "Bank Standard" name and the management team began to position the company as univer-sal commercial bank providing a broad range of financial services to its clients and focusing on serving bothindividuals and the business sector.

Company Address4, H.Hajiyev str., Baku, Azerbaijan

Tel.: (+994 12) 497 10 70/71

Fax: (+994 12) 497 20 94


Web-site: www.bankstandard.com

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Being reorganized in 1992 from the branch of the former USSR's "Vnesheconombank" into the unaffiliated

financial and credit organization, the International Bank of Azerbaijan (IBA) is contemporary with the independ-

ent Azerbaijan. IBA has managed to pass successfully all stages of formation of the local economy and become

an efficient financial institution, gaining a leading position in the banking system of the country and being right-

fully considered its national identity at the international scene.

IBA has already been operating for 16 years. These were the eventful years, full of severe trials, enormous

changes, and rapid and diversified development.

Nowadays, IBA is recognized by the international financial institutions as the leading bank in the South

Caucasus. The Bank is a member of S.W.I.F.T. (Society for Worldwide Interbank Financial Telecommunications)

(1993), as well as such payment systems as MasterCard International (1994) and VISA International (1997), the

founder of the Baku Interbank Currency Exchange, "AzeriCard" processing center, International Insurance

Company, "Joint Leasing" leasing company, the first bank in the country's history that has established its bank

abroad - "IBA - Moscow" (2002), and affiliated bank in Georgia (2006).

The representative offices of the bank are operating in London (2002), Frankfurt (2005), Luxembourg and

Dubai (2007).

The work on opening the representative office in New York is actively going on. It is planned the establish-

ment of banks in Kazakhstan, Dubai and Luxembourg. IBA is the first entity from the region that has become

co-founder and the registered full-fledged member of the Community of Global Emerging Companies established

within the framework of the World Economic Forum.

Holding a well-deserved position among the best Eurasian financial and credit organizations IBA has repeat-

edly won the worldwide recognition. The awards given to the bank, such as "The Best Bank" from "Euromoney"

journal, "The bank of the Year" from "The Banker" journal, "The Best Bank in the World's Emerging Markets"

from "The Global Finance" journal published in the USA (2002-2006), the award "For the Best Internet-banking"

from the same journal, "The Golden Medallion" of the Geneva High Institute of Business and Management and

the Swiss Business Club, the international prize "For the contribution to the development of banking sector in

Azerbaijan, trade relations, country's export and import, and for the tremendous contribution to the advance in

the sphere of banking service", the winner of which the bank became in 2006, the prize of "Quality Recognition

Award" in the nomination of "U.S. Dollar Clearing" from the Citygroup (2005-2006) and many other are the indi-

cators of high appreciation of professionalism and efforts of IBA's management and personnel. For over the past

four years the bank's rating awarded by Fitch IBCA has been raised three times, and at present, it is evaluated

at the level of "BB+". The international rating agency Moody's Investors Services has evaluated the IBA's rating

in the local currency at the level of Baa2, while the long-term rating in foreign currency is Ba2.

The agency has made the stable forecast for changes in rating.

Nowadays, the diversity and quality of IBA's services are highly competitive with the similar indicators of

western banks. According to the international experts, IBA is more unfettered, flexible and shows much greater

consideration for the customers than the foreign banks operating in Azerbaijan.

Despite offering the lowest interest rates in the country, the bank has a substantial volume of deposits. At

present, the share of IBA in the market of plastic payment cards constitutes 70%. The customers are offered a

wide choice of plastic cards of VISA International and MasterCard International payment systems, including

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salary and pension cards.

IBA has become the second (after the Russian banking sector) bank in the regions of Central and Eastern

Europe, Middle East and Africa, which has proceeded with issuing the most advanced cards with dual contact

noncontact interface and dynamic data authentication (DDA). These cards are used not only as the regular

bankcards but also as the cards for drawing the salary and scholarships, to pay for utilities, gas station servic-

es, and purchases in the retail trading networks and public catering networks, for payment of taxes and custom

duties, to transfer money from one card to another, and etc.

For the first time in the country, IBA has begun to introduce the "Information booths" and the new cash-in

type ATMs.

The Internet-banking service offers the customers an opportunity of gaining access to their bank accounts,

getting the bank statements as of any date, and regularly monitoring the balance without leaving their homes

or offices. The individual customers can pay the bills for utilities and cellular communication services.

IBA exerts continuous efforts towards introducing in Azerbaijan the state-of-the-art technologies and render-

ing the advanced financial services to the citizens of the country. The efficiency and positive dynamics of IBA's

operations, its sustainable development have been rightfully appreciated not only domestically but also gained

the worldwide recognition. According to the data of annual audits conducted by PricewaterhouseCoopers, over

the past years the bank has attained the qualitative changes in the fundamental components of economic

growth showing the weighty financial results.

In comparison with 2001, the net assets of the bank increased almost 8 times as much, the authorized cap-

ital - 40 times as much, the paid-in capital - 12.2 times as much. The share of IBA in the overall volume of bank

credits in the country constitutes 47%, while the credit portfolio proper has increased 11 times as much as com-

pared to the beginning of 2001. The similar tendency is attributable for the balance sheet incomes as well, now

they are 7.5 times as much as the figures of 2001. By the year-end of 2007, the profit increased 21 times as

much as compared to the financial results of 2001, at that, the net profit after tax increased almost 30 times

as much. Deposits, the main component of resource base, increased 6.2 times as much, and also, the deposits

of individual customers increased 9 times as much. Thus, over the past years IBA managed to strengthen firm-

ly its leading position in the banking sector while maintaining the high financial stability. By accomplishing its

definite mission, the bank has gained a foothold as the support for stability of Azerbaijani banking system and

actively promotes the dynamic development of the country's economy as a whole.

IBA effectively cooperates with the international financial organizations and world's major banks. A great

number of projects in the various spheres of non-oil sector of the country's economy have been financed

through the credit lines issued by these financial organizations without requiring the sovereign guarantees.

Thus, the financing facility for acquiring the modern industrial cotton processing equipment allowed making

a good progress in increasing the rate of performance in this sector. Alongside with that, over the past three

years, the implementation of the project covering the various stages of production process, such as harvesting,

storage and production of cotton-seed oil, led to the significant increase in production of cotton, which is con-

sidered to be the strategic product, and creation of many permanent and seasonal jobs.

The other successful project, which has been financed by IBA, is connected with the revival of silk produc-

tion in the country. About two thousand people are currently working at the reconstructed factory and more than

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4 thousand people are dealing with growing of silkworms domiciliary. One of the advantages of that project is

that this business predominantly oriented for export. The bank is financing the significant projects in tobacco

industry. Over the previous period of time the considerable amount of funds have been directed into the expan-

sion of commercial plantations, which as a result has led to the significant increase in productivity. Taken togeth-

er, all these projects are the facts that demonstrate the direct participation of IBA in development of non-oil sec-

tor, as well as the important economic processes in the country.

In addition, over the recent years IBA has boosted its activity aimed at borrowing the credit lines from the

international financial institutions, such as Commerzbank, Societe Generale, JBIC, Bayerische Landesbank, AKA,

BankGeselschaftBerlin, Credit Suisse, UBS, Sumitomo Mitsui Banking Corporation, Nordic Investment Bank,

which are issued against the guarantees of the export credit agencies, such as USEXIM, Euler-Hermes, COFACE,

SACE and others. By the means of these credit lines, the local companies get an opportunity to purchase from

the foreign suppliers the modern technologies, equipment, and materials under the comparatively low interest

rates and for a long-term period.

The repeated extension of syndicated loans to IBA without requiring the government guarantees can serve

as an example of the high level of confidence in IBA. Among the participants of syndication appear such giants

as Citigroup, JP Morgan, Commerzbank, BNP Paribas, Sumitomo Mitsui Banking Corporation, Rabobank and

other eminent banks from the different continents. At the same time, IBA is not only the main creditor in the

country but it also, together with the leading European financial organizations, participates in syndication on

extending financing to the foreign banks, such as "Ak-Bars", "Invest-Bank", and "Ukrsotzbank".

Beside carrying out the diversified investment and credit operations in the public sector of economy, IBA

holds the leading positions in providing services to the private business. Having determined the organization of

network of "financial supermarkets" as its strategic objective, the IBA's head office, its 36 affiliates and more

than 100 service branches and small offices located throughout the whole territory of the country, offer the

broad range of all kinds of banking facilities on the basis of the most up-to-date technologies.

IBA also continues to implement the policy of expanding its presence outside Azerbaijan. An example of this

is the opening of an affiliated bank "The International Bank of Azerbaijan - Moscow" in the capital of Russia in

2002. "IBA - Moscow", which is the first bank in Russia with the foreign capital from the CIS country, is active-

ly operating at the Russian market taking the 269th position among the Russian banks in terms of rating indi-

cators and the 290th position in terms of capital (2007). In 2004 "IBA - Moscow" established its affiliate in Saint

Petersburg and several branches in Moscow. Established the affiliate in Yekaterinburg, Sverdlovsk region. In

years to come, "IBA - Moscow" intends to continue the process of establishing the branch network and plans to

open several more branches in largest regional centers of Russia, in Moscow and Moscow region.

Another subsidiary structure of IBA is the "International Insurance Company" was established in April 2002,

at that, its authorized capital constitutes about 30% of the aggregate capital of all Azerbaijani insurance com-

panies. The company has obtained the international certificate of compliance with the international standards

with respect to the level of corporate management and operational efficiency and renders all main kinds of insur-

ance services.

Other subsidiary companies of IBA, such as "AzeriCard" processing center, "Joint Leasing" leasing company,

also retain the leading positions at the local market.

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Field of Activity: Banking operations

Products and services for export:

a) For personal customers:Accounting-cash service; Currency-exchange operations; Credits;Deposits; Deposit box; Plastic cards; Card to card; Collection ofchecks; American Express; Remittance; Azercell; Bakcell;Securities; Consulting; SMS informing.

b) For corporative customers:Accounting-cash service; Currency-exchange operations; Documentary operations; Credits; Deposits; Deposit box; "Bank-Customer" System; Wage projects; Collection of checks; Collection; Securities; Consulting.

“UNIBANK Commercial Bank” OJSC

Company Address57, Rashid Behbudov str., Baku,

AZ1022, Azerbaijan

Tel.: (+994 12) 498 22 44

Fax: (+994 12) 498 09 53


Web-site: www.unibank.az

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Field of Activity: All kind of construction, building,installation,projecting, maintenance and design. Exportation of National Architectural Projects.

Products and services for export: National Architectural StyleBuildings of Azerbaijan in other countries

Agencies in other countries:Russian Federation, Stavropol city - Stroy ServiceRussian Federation, Kazan city - Agency of Stroy ServiceKazakhstan, Astana city - Caspian Service KazakhstanKazakhstan, Aktau - Agency of Caspian Service KazakhstanRepublic of Georgia, Tbilisi city - Caspian Service GeorgiaIslamic State of Afghanistan - Caspian Service Afghan

Company Address10, Z.Ahmadbayov str., Baku, Azerbaijan

Tel.: (+994 12) 598 00 91; 598 00 92

Fax: (+994 12) 598 00 93


Web-site: www.caspianservice.com

Contact person(s): Mr. Araz Musayev

Mr. Vusal Kishiyev

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Field of Activity: Hotel

Products and services:a) Rooms:- 3 LUX Apartments: This type of room consists of a hall, kitchenand two separate bedrooms. It is equipped with Satellite televi-sion, (VCR,DVD player, Stereo and CD equipment - on request),manually controlled air-conditioning and heating, refrigerator,Jacuzzi, electric oven and direct international telephone.- 6 Deluxe Twin Rooms: This type of room has a separate bed-room with two separate beds, a living room, Satellite television, manually controlled air-conditioning and heat-ing, refrigerator, Jacuzzi, and direct international telephone.- 7 Deluxe Double Rooms: This type of room includes balcony, two separate beds, Satellite television, manual-ly controlled air-conditioning and heating, refrigerator, Jacuzzi, and direct international telephone.

b) Conference Halls: - Eastern Hall: The Hall is capable of receiving from 40 (if the Hall's planning -"roundtable" or "classroom") to90 persons (planning is "cinema hall" without tables) This Hall is suitable for conferences, presentations, newsconferences and workshops.- Meeting Hall: The Hall is capable of receiving up to 12 persons (the Hall's planning is "roundtable") This Hallis suitable for sociological focus groups, interviews and business meetings.

“Irshad hotel” JV

Company Address11, Vagif str., Baku, Azerbaijan

Tel.: (+994 12) 441 01 32/33/34

Fax: (+994 12) 441 34 92


Web-site: www.irshad.az

Contact person(s): Mr. Ilgar Nuri

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Tourism &

Hotels

Park Inn Azerbaijan Hotel, “Global Investment Company LTD”

Registration date: 01.01.2006Field of Activity: HotelProducts and services:a) Rooms Description:248 newly colorful refurbished rooms with either panoramic viewof Caspian Sea or city of Baku. Facilitating Safe lockers, minibar,Hair-dryer, Satellite television, Pay-TV, radio, Direct dial telephone,Wireless internet access/WIFIb) Food Selections: Glory Restaurant with International CuisineVictor's Bar for cocktail and snacksMirvari Club, disco, bar, lounge & terrace offering a tranquil

Japanese atmosphere with best sushi in town and best Japanese cuisine

c) Meetings and Banquet:We offer five modern conference rooms spread across 300 sq metersOne Elegant ballroom (376 sq meters) with a large foyer as well as Natural Daylight, Equipped BusinessCentre, WIFI, Customized menus from our experienced chefs.

Documents/Certificates affirming the conformity of product or service: 4-star category – Stateclassification degree certificate of Hotels and similar objects by Ministry of Youth, Sport and Tourism

Company AddressAzadlig ave. 1, Baku,

AZ1000, Azerbaijan

Tel.: (+994 12) 496 60 00

Fax: (+994 12) 496 89 10


Web-site: www.baku.rezidorparkinn.com

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Field of Activity: Hotel

Products and services:a) Facilities:

- 40 luxurious rooms with separate living room and bedroom- Mini bar, tea and coffee making facilities, safe, trouser press,

spacious wardrobe, hair dryer, data port, IDD, satellite TV, radio- Lounge and business centre on 17th floor. - Plaza Health and Fitness Club with gym, sauna and indoor

pool. - CAFE and ballroom- Restaurant and bar with 100 coctails- Room service.

b) Meetings:- 108 total m2 2 meeting rooms- Largest room: 60 m2- Ceiling height in largest room: 2.70- Business Centre.


Radisson Sas Plaza Hotel,“ISR Azeri Apart & Business Centre”

Company AddressIcheri 340, Baku, Azerbaijan

Nizami str., 370000

Tel.: (+994 12) 498 24 02

Fax: (+994 12) 497 24 51


Web-site: www.baku.radissonsas.com

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Tourism &

Hotels

Sultan Inn Boutique Hotel, “Nüans Universal Servis LTD”


Field of Activity: Hotel and Restaurant

Products and services:a) Eleven luxurious non-smoking guest rooms with individual airconditioning, fireplace, satellite TV, high speed wireless Internetaccess, Mini-bar, and in-room electronic safes, specialized bath-room amenities, hair dryers, and direct dial phones.b) The "House of Sultan's" Restaurantc) "Q-Bar"d) "Terrace Garden Floor 3" Restaurant

e) 11 lavish guest rooms in the heart of the Old City; next to the Maiden's Tower.


The Hotel's eclectic style reflects Azerbaijani elegance with modern touches in every corner. With its genuineambiance, the Sultan Inn Boutique Hotel is truly a small palace with modern hotel facilities. Our Hotel has an outstanding variety of cuisine derived anywhere from traditional Mediterranean toAzerbaijani dishes.

Company Address1, Azadlig ave., Baku, AZ1000, Azerbaijan

Tel.: (+994 12) 437 23 05/10

Fax: (+994 12) 437 23 11


Web-site: www.sultaninn.com

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Field of Activity: Organization of Azerbaijan internal tours,organization of external tours, sale of air tickets in all directions

Products and services for export: Organization of Azerbaijaninternal tours, historical tours, curative tours

Documents/Certificates affirming the conformity of product or service: a) Certificate of conformance, February 10, 2006, US/ADS 0050 certificate.

Licence issued by the Ministry of Youth, Sport and Tourism of AR 014.06.2004 002249 IATA LicenceAmadeus certificateGabriel certificate

b) Seasonal nature

Preferable way of transportation: Airway

“Ziya turizm” LTD

Company Address#25, 13 A.Alekberov str., Baku,

AZ1073, Azerbaijan

Tel./Fax: (+994 12) 492 32 22 (multichanell)



Contact person(s): Mr. Akhmed Mammadov

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Field of Activity: Market conditions study and public opinion survey

Products and services for export: Data base exportationobtained through market investigation

a) Fields of research:- Consumer market;- U & A;- Product test;- Pre & post tests of advertising materials;- Price sensitivity;- Retail & wholesale trade audit;- B2B research.

b) Fields of business services:- Business trainings;- Business planning;- CRM.

Company experience on export operations: Germany, Russia, Turkey, Kazakhstan

Azerbaijan Information and Opinion Agency

Company Address93, Sh. Mehdiyev str., Baku, Azerbaijan

Tel.: (+994 12) 448 06 26

Fax: (+994 12) 448 06 26


Web-site: www.aira.az

Contact person(s): Mr. Samir Mammadov

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“Azerbaijan Investment Company”

Founding date: 30.03.2006

Field of Activity: Investment in private sector companies

Services:a) Investment Focus: Look to opportunities in the non-oil sectors that show greatest promise for high growth and/or significant export. Preferred sectors:- Agri-business - Manufacturing- Logistics- Commercial Real Estate- Information & Lowercase technology- Tourism

b) Foreign Investor Participation: AIC seeks to attract international investors for partnering:- International institutional investors to co-invest with AIC into projects in Azerbaijan- Strategic/corporate investors that work in non-oil sectors to both co-invest with AIC & implement their technologies and know-how in companies in Azerbaijan- Cooperation in establishment of specialized sub-funds together with large financial institutions

Mission of AIC:- Contribute to the development of businesses in non-oil sectors of the Azerbaijan economy via equity participation and management support- Attract additional local and foreign investment, technology, and know-how- Increase the competitiveness and market value of investee companies- Provide a fair return to our shareholders and investors

Company Address11, Hasan Abdullayev str., Baku, Azerbaijan

Tel.: (+994 12) 437 15 73

Fax: (+994 12) 437 29 03


Web-site: www.aic.az

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Registration Date: 01.2006

Field of Activity: Allianz Group – is a consulting company. It wasestablished in 2006 with a purpose to provide high-quality servic-es in the area of trainings, psychological support of personnelmanagement, HR and financial advisory services.

At the same time we are the Strategic Business Partners for theworld-wide known company Profiles International (represented inmore than 115 countries in the world), which is the recognizedworld leader in employment evaluation and human resource man-agement assessment tools.

Based on assessment results, employees’ training programs could be developed more efficiently. We canassist in arranging appropriate training programs/seminars using both local and foreign trainers/coaches. Weprovide onsite Business Trainings & Seminars and Corporate (In-house) Trainings designed to improveemployee performance.

In 2008 our company joined several new projects as EBCL (European Business Competence License), CIPA(Certified International Professional Accountant), BBT (Big Bank Tests), SS (School of Sales) and SH (Schoolof HR).

“Alyanz Group” LTD

Company Address13 A, Koroglu Rahimov str.,


Tel.: (+994 12) 465 00 36/37

Fax: (+994 12) 465 00 38


Web-site: www.allianzgroup.az

Contact person(s): Mr. Emin Bunyatov

Mr.Ulvi Agayev

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Consulting

ASPI Consulting Engineers, Inc


Field of Activity: Infrastructure Development, proven technolo-gies and effective Solutions

Products and services for export: ASPI Consulting Engineerspossesses all state licenses that permit to render the services inthe sphere of consulting, projects development and managementin the framework of various multi-range projects, including:- Water industry and environment - Civil engineering- Buildings and constructions

- Architecture- Power engineering and oil & gas industry- Topography, cartography and aerial photography- Property evaluation and designing- Road property and bridges Road industry - Project management and construction control- Training and technology exchange

Mission of ASPI:Our mission is to achieve winning relationships with our customers through respectability and reliability, high quali-ty demand, open communication, team work, competence and creative approaches.Our goal to become an internationally recognized company in the market of consulting and engineering industriesthrough maintenance of knowledge and skills at level being consistent with the development in technology, legis

lation and management, and provide due skills and diligence for servicing customers.

Company Address#14, Abbas Sahhat str., Baku,

Azerbaijan, AZ1007

Tel.: (+994 12) 495 11 30

Fax: (+994 12) 495 12 47


Web-site: www.aspi.az

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Field of Activity: Business development services

Products and services for export:a) Business Consultancyb) Marketing Researchc) Elaboration of Business Plans d) Elaboration of Investment Projectse) Expert Researchf) Interviews g) Organization of different seminars and conferencesh) Organization of training programs on marketing and

management on a cooperative basisi) Development of advertising strategies

Agencies in other countries: Kazakhstan, Russia, Turkey, Uzbekistan, Georgia

Company experience on export operations: USA, Great Britain, Georgia, Switzerland

“Public Union of MarketingSpecialists” NGO

Company Address4, A. Maharramov str., Baku, AZ1111, Azerbaijan

Tel./Fax: (+994 12) 430 01 00, 430 57 57


[email protected]

Web-site: www.marketing.az

Contact person(s): Ms. Samira Gafarova

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“Maxmedia” Advertising Agency


Field of Activity: Advertising

Characteristics of product(s)/service(s):a) Creativeb) Mediac) BTL

Company Address201 M. Mukhtarov str., Karat Business

Centre, Baku, Azerbaijan

Tel.: (+994 12) 436 84 54/55

Fax: (+994 12) 436 84 56


Web-site: www.maxmedia.az

Contact person(s): Mr. Huseyn Aliyev

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Founding date: 30.03.2006

Field of Activity: Press

Products and services for export:a) Newsb) Press Centre supplied with modern equipment

Characteristics of product(s)/service(s):Placement of advertisements and banners on websites of the "RIA Novosti" and "Novosti Azerbaijan" informa-tion agencies

Agencies in other countries: There is an agreement between the "RIA Novosti" and "Novosti Azerbaijan"information agencies

“Novosti-Azerbaijan”International Information Agency

Company Address195, Bashir Safarogli str., Baku, Azerbaijan

Tel.: (+994 12) 565 81 04

Fax: (+994 12) 596 86 10

E-mail: office@ newsazerbaijan.az

Web-site: www.novosti.az

www.newsazerbaijan.ru

Contact person(s): Ms. Gulnara Mammadova

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SIAR Social and Marketing Research Center


Field of Activity: Marketing, economic, social and politicalresearch

Products and services for export:a) any kind of marketing and economic researchb) any kind of social and political research

Characteristics of product(s)/service(s):a) Social and political researchb) Economic and marketing research

Maximum and minimum volume of each product: Depends on the project and amount of data

Documents/Certificates affirming the conformity of product or service with international stan-darts: A member of organization of ESOMAR since 1997

Preferable way of transportation: E-mail, post (in terms of sending hard copies)

Agencies in other countries: Central Asia

Company experience on export operations: SIAR Social and Marketing Research Center works and coop-erates with companies in many countries, among which one can mention Belarus, France, Germany, Japan,Kyrgyzstan, Russia, Tajikistan, Turkey, UK, Ukraine, United States, Uzbekistan etc.

Company Address4, A.Maharramov str., Baku, Azerbaijan

Tel./Fax: (+994 12) 447 29 34

(+994 12) 448 29 34


Web-site: www.siar.az

Contact person(s): Mr. Ashraf Hajiyev

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Registration Date: 22.11.2002Field of Activity: Various types of consultancy, which are basedon the research data prepared by SIAR Social and MarketingResearch Center, SIAR Media, and Central Asian Representative ofSIAR Social and Marketing Research Center.Products and services for export:- Effective ways of forming "product image"- Increasing and improving market share- Analysis of possible growth and lag tendency- Sale policy conformed to market- Developing a marketing strategy- Identifying socio-political expectations- Evaluating the influence of socio-political problems and identifying effective solutions on these problems- Organizing information campaigns - Penetrating and maintaining popularity on the media market - Strengthening the company position on the media market- Developing the advertising policy etc.Maximum and minimum volume of each product: Depends on the project and amount of dataCharacteristics and description of each product group: InformationPreferable way of transportation: E-mail, post (in terms of sending hard copies)Agencies in other countries: Central AsiaCompany experience on export operations: SIAR Consulting Ltd works for and cooperates with compa-nies in many countries, among which one can mention France, Germany, Japan, Kazakhstan, Kyrgyzstan,Russia, Tajikistan, Turkey, UK, Ukraine, United States, Uzbekistan etc. Furthermore, the company is competentcounselor of Business Consulting Services Program of European Union in Azerbaijan financed by EuropeanUnion (EU)

SIAR Consulting Ltd


Tel./Fax: (+994 12) 447 29 34

(+994 12) 448 29 34




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SIAR Media Ltd

Registration Date: 24.12.2002Field of Activity: Media and advertising researchProducts and services for export:a) TV Ratings Measurement Studyb) TV Programs and Advertisements Monitoringc) Radio Ratings Measurement Studyd) Radio Programs and Advertisements Monitoringe) Periodicals' Popularity Measurement Studyf) Periodicals' Articles and Advertisements MonitoringCharacteristics of product(s)/service(s):- TV Ratings Measurement Study- TV Programs and Advertisements Monitoring - Out of all televi-

sion channels broadcasting on the country's territory regularly or periodically, the airtime of 9 biggest chan-nels that air continuously and thus are of most interest to the Clients is recorded 24/7 and monitored.- Radio Ratings Measurement Study- Radio Programs and Advertisements Monitoring - Airtime of 8 most popular FM stations airing from Baku tothe Capital and regions of the country are continuously recorded and monitored.- Periodicals' Popularity Measurement Study- Periodicals' Articles and Advertisements MonitoringMaximum and minimum volume of each product: Depends on the project and amount of dataCharacteristics and description of each product group: InformationPreferable way of transportation: E-mail, post (in terms of sending hard copies)Agencies in other countries: Central AsiaCompany experience on export operations: SIAR Media Ltd works and cooperates with companies inmany countries, among which one can mention France, Kazakhstan, Portugal, Russia, Turkey, UK, Ukraine,

Uzbekistan, etc.


Tel./Fax: (+994 12) 447 29 34

(+994 12) 448 29 34




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EMBASSIES OF THE AZERBAIJAN REPUBLIC *AUSTRIAEmbassy (also accredited to Slovakia, Slovenia, OSCE, UNOV, UNIDO, IAEA, CTBTO) Ambassador Extraordinary and Plenipotentiary Mr. Fuad Ismayilov Address: Hugelgasse 2, A-1130 Vienna Tel: +43 (1) 403 13 22 Fax: +43 (1) 403 13 23 E-mail: [email protected] WEB: www.azembvienna.at

BELARUSEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Ali Naghiyev Address: Minsk-220029, Vostochnaya str. 133/167 Tel: (375 17) 293 32 99/33 99/34 99

293 37 65 (consular section) Fax: (375 17) 237 2751 E-mail: [email protected] WEB: www.azembassy.by

BELGIUMEmbassy (also accredited to Luxemburg and to EUOB) Ambassador Extraordinary and Plenipotentiary Mr. Emin Eyyubov Address: Bruxelles, 464, Av. Moliere, 1050 BXL Tel: + 32 2 345 26 60

+ 32 2 735 98 80 (consular section)Fax: + 32 2 345 91 58

+ 32 2 735 92 70 (consular section)E-mail: [email protected] WEB: www.azembassy.be

BULGARIAEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Elman Zeynalov Address: Sofia, 1113, Iztok district, Charles Darvin 6 Tel: (+359 2) 8170070 Fax: (+359 2) 8170077 Consular section: Tel: (+359 2) 8170074 Fax: (+359 2) 8170077 E-mail: [email protected] WEB: www.azerembsof.com

CANADAEmbassy (also accredited to International Civil Aviation Organization) Address: 275 Slater street, suite 904, Ottawa, Ontario, K1P5H9 Tel: +1 (613) 288 04 97 Fax: +1 (613) 230 80 89 E-mail: [email protected] WEB: www.azembassy.ca

CHINAEmbassy (also accredited to Mongolia, Republic of Korea and Vietnam) Ambassador Extraordinary and Plenipotentiary Mr. Yashar Aliyev Address: Beijing, Qijiayuan Diplomatic Compound, Villa B-3 Tel: +86 (10) 65 32 46 14,98 Fax: +86 (10) 65 32 46 15 E-mail: [email protected] WEB: www.azerbembassy.org.cn

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CZECH REPUBLIC Embassy Ambassador Extraordinary and Plenipotentiary Mr. Tahir Taghizadeh Address: Na M???nce 32, Praha 6 - Hanspaulka 160 00 Tel: + 420 246032422 Fax: + 420 246032423 Consular section: Tel: + 420 246032424 Fax: + 420 246032425 E-mail: [email protected] WEB: www.azembassyprague.az

EGYPTEmbassy (also accredited to Socialist People's Lybian Arab Jamahiria, Permenent Observer tothe League of Arab States) Ambassador Extraordinary and Plenipotentiary Mr. Faig Bagirov Address: Cairo, Maadi Sarayat, street 10, Villa 16/24 Tel: +202 23583790: +202 23583761 Fax: +202 23583725 E-mail: [email protected] WEB: www.azembassy.org.eg

FRANCEEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Tarik Aliyev Address: Paris, Rue de la Universite 209 Tel: +33 (1) 441 860 20 Fax: +33 (1) 441 860 25 E-mail: [email protected] WEB: www.amb-azerbaidjan.fr

GEORGIAEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Namiq Aliyev Address: Tbilisi, Vacke-Saburtalo district, Nutsubidze Str. 47 Tel: +995 (32) 25 26 39, 25 00 14, 25 35 26, 27 Fax: +995 (32) 25 00 13 E-mail: [email protected] WEB: www.azembassy.ge

GERMANYEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Parviz Shahbazov Address: Berlin, Axel Springer Strasse 54A Consular section: Berlin, Kommandanten Str. 80 Tel: +49 (30) 219 16 13, 206 48 063 (consular section) Fax: +49 (30) 219 16 152 E-mail: [email protected] WEB: www.azembassy.de

GREECEEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Mir-Hamza Efendiyev Address: 10, Skoufa str., 10673 Kolonaki-Athens Consular section: 23, Vasilissis Sofias Ave. Tel: +30 210 363 27 21, 210 724 82 36 (consular section) Fax: +30 210 363 90 87, 210 724 82 37 (consular section) E-mail: [email protected] WEB: www.azembassy.gr

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HUNGARYEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Hasan Hasanov Address: Budapest, Szabadsag ter. 7, Bank Center, Platina Tower, 5th floor Tel: +36 (1) 374 60 70, 71 Fax: +36 (1) 302 35 35 E-mail: [email protected] WEB:www.azerembassy.hu

INDIAEmbassy (also akkredited to Nepal Kingdom, Bangladesh, Sri Lanka and Maldives) Ambassador Extraordinary and Plenipotentiary Mr. Tamerlan Garayev Address: New Delhi, Vasant Marg, Vasant Vihar E-70 Tel: +91 (11) 26 15 22 28 Fax: +91 (11) 26 15 22 27 E-mail: [email protected] WEB:

INDONESIAEmbassy (also akkredited to Philippines) Ambassador Extraordinary and Plenipotentiary Mr. Ibrahim Hajiyev Address: JL., Mas Putih Blok D Persil 29 Grogol Utara Kebayoran Lama, jakarta Selatan 12210Tel: +62 (21) 549 19 39 Fax: +62 (21) 549 17 45 E-mail: [email protected] WEB: www.azembassy.or.id

IRANEmbassy (also accredited to ECO) Ambassador Extraordinary and Plenipotentiary Mr. Abbasali Hasanov Address: Tehran, Vatanpoor Str. 30 Tel: +98 (21) 221 25 54, 221 51 91 Fax: +98 (21) 221 75 04 E-mail: [email protected] WEB: www.azembassy.ir

ITALYEmbassy (also accredited to the Republic of San Marino, the Republic of Malta, as well as toUN FAO, IFAD and WFP) Ambassador Extraordinary and Plenipotentiary Mr. Emil Karimov Address: Roma, Viale Regina Margherita 1 Tel: +39 (06) 85 30 55 57 Fax: +39 (06) 85 83 14 48 E-mail: [email protected] WEB: www.azembassy.it

JAPANEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Azer Huseyn Address: Tokyo, Meguro-ku, Higashigaoka 1-19-15 Tel: +81 (3) 54 86 47 44 Fax: +81 (3) 54 86 73 74 E-mail: [email protected] WEB:

JORDANEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Elman Arasli Address: Abdoun, Muhammad Ali Bdair str. Tel: +9626 593 55 25/21 23 Fax: +9626 593 28 26 E-mail: [email protected] WEB: www.azembassyjo.org

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KAZAKHSTANEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Latif Gandilov Address: Astana, Diplomatic city, Residence C-14 Tel: +7 (317) 24 15 81 Fax: +7 (317) 24 16 90 E-mail: [email protected] WEB: www.azembassy.kz

KIRGIZSTANEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Arif Aghayev Address: Shukurov str. 41Tel: (+99 63 12) 51 07 70Fax: (+99 63 12) 51 31 72E-mail: [email protected]:

KOREAEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Rovshan Jamshidov Address: 3rd Floor, Annex Building, Hannam Tower, 730 Hannam-dong, Yongsan-gu, Seoul140-893, Republic of Korea Tel: + 822 797 1765, 797 1766 Fax: + 822 792 1767 E-mail: [email protected] WEB: www.azembassy.co.kr

KUWAITEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Shahin Abdullayev Address: Al-Kuwait, Al-Yarmuk Str. 1, House 15 Tel: +965 535 52 47 Fax: +965 535 52 46 E-mail: [email protected] WEB:www.azerembassy-kuwait.org

LATVIAEmbassy (also akkredited to Estonia) Ambassador Extraordinary and Plenipotentiary Mr. Tofiq Zulfuqarov Address: 3 Raina Bulvaris, Riga Tel: (371) 714 28 89/90/91/92/93/94 Fax: (371) 714 28 96 E-mail: [email protected] WEB: www.azembassy.lv

LITHUANIAEmbassy Ambassador Extraordinary and Plenipotentiary Mrs. Naira ShakhtakhtinskayaAddress: Olimpieciu 5-7Tel: (+370) 5219 00 42Fax: (+371) 5219 56 01/02E-mail: [email protected]:

MALAYSIAEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Tahir Karimov Address: 2nd floor, Wisma Chinese Chamber # 258, Jalan Ampanq 50450, Kuala Lumpur Tel: + 60 (3)4252 6800; 4253 4800 Fax: + 60 (3) 4256 195 E-mail: [email protected] WEB: www.azembassy.com.my

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MOLDOVAEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Isfendiyar Vahabzadeh Address: Kishineu, 64 Kogelnichanu Str. Tel: (+373 22) 232 277 Fax: (+373 22) 227 558 E-mail: [email protected] WEB: www.azembassy.md

MOROCCOEmbassy (also akkredited to Tunis, Mauritania and Senegal) Ambassador Extraordinary and Plenipotentiary Mr. Sabir Aghabayov Address: Rabat, Aqdal region, Abu Hanifa Str. 3 Tel: 00 212 37 671915

00 212 37 671922 Fax: 00212 37 671918 E-mail: [email protected] Web:

NETHERLANDSEmbassy (also accredited to Organization for the Prohibition of Chemical Weapons) Ambassador Extraordinary and Plenipotentiary Mr. Fuad Iskandarov Address: Laan Copes van Cattenburch 127, 2585 EZ, The Hague Tel: +3170 3921939 / +3170 3609743 Fax: +3170 3469604 Consular section: Tel: +3170 3469604 Fax: +3170 3627165 E-mail: [email protected] WEB:

PAKISTANEmbassy (also akkredited to Afganistan) Ambassador Extraordinary and Plenipotentiary Mr. Eynulla Madatli Address: Islamabad, Ataturk Avenue, G-6/3, Str. 87, House 14 Tel: +92 (51) 282 93 45, 282 34 55 Fax: +92 (51) 282 08 98, 282 91 65 (consular section) E-mail: [email protected] WEB: www.azembassy.com.pk

POLANDEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Vilayat Quliyev Address: Warszawa, Zwyciencow 12 Tel: +48 (22) 616 21 88, 617 67 28 Fax: +48 (22) 616 19 49 E-mail: [email protected] WEB:www.azer-embassy.pl

ROMANIAEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Eldar Hasanov Address: Bucharest, Grigore Gafencu 10, Sector 1 Tel: +40 (21) 233 24 66, 84, (788) 43 25 45, 46 Fax: +40 (21) 233 24 65 E-mail: [email protected] WEB: www.azembassy.ro

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RUSSIAEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Polad Bulbuloqlu Address: Moscow, Leontiyevskiy pereulok 16 Tel: +7 (495) 629 43 32, 629 16 49

+7 (495) 629 55 46, 602 45 83 (consular section) +7 (495) 602 45 72 (press service)

Fax: +7 (495) 602 50 72 E-mail: [email protected] WEB: www.azembassy.msk.ru

SAUDI ARABIA Embassy (also accredited to Bahrain, Oman and Organization of Islamic Conference) Ambassador Extraordinary and Plenipotentiary Mr. Tofiq Abdullayev Address: Riyadh, Al Worood Guarter St. of Amir Feysal Bin Saud Abdul Alrahman 59, Aloroba Road Tel: +966 (1) 419 23 82 Fax: +966 (1) 419 22 60 E-mail: [email protected] WEB: www.azembassy.org.sa

SPAINEmbassy (also accredited to Andorra and World Tourism Organization) Ambassador Extraordinary and Plenipotentiary Mr. Mamed Aliyev Address: Calle Ronda Avutarda 38, 28043 Madrid Tel: (+3491) 759 60 10 Fax: (+3491) 759 70 56 E-mail: [email protected] WEB: www.azembajada.es

SWEDENEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Rafael Ibrahimov Address: Karlavagen 60Tel: (+468) 411 24 55Fax: (+468) 411 24 58E-mail: [email protected]:

SWITZERLANDEmbassy (also accredited to Holy See and Liechtenstein) Ambassador Extraordinary and Plenipotentiary Mr. Elchin Amirbayov Address: Dalmaziquai 27, CH 3005 Bern Tel: 0041 31 350 50 40 Fax: 0041 31 350 50 41 E-mail: [email protected] WEB: www.azembassy.ch

TADJIKISTANEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Maharram AliyevAddress: Parxaskaya str. 1Tel: (+992 37) 227 11 90/91Fax: (+992 37) 227 66 51

(+992 37) 227 11 92 (consular section)E-mail: [email protected]:

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TURKEYEmbassy (also accredited to Macedonia) Ambassador Extraordinary and Plenipotentiary Mr. Zakir Hashimov Address: Ankara, Diplomatic Site, Baku Sokak. 1, Oran Tel: +90 (312) 491 16 81, 82, 83 Fax: +90 (312) 492 04 30 E-mail: [email protected] WEB: www.azembassy.org.tr

TURKMENISTANEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Elkhan Huseynov Address: Ashgabad, M.Kosayev 62A Tel: +993 (12) 39 11 02, 35 00 95 Fax: +993 (12) 39 14 47 E-mail: [email protected] WEB: www.azembassyashg.com

UKRAINEEmbassy (also accredited to Belarus) Ambassador Extraordinary and Plenipotentiary Mr. Talat Aliyev Address: Kiev, Glubochiska 24 Tel: +380 (44) 484 69 39, 40, 47 Fax: +380 (44) 484 69 46 E-mail: [email protected] WEB: www.azembassy.org.ua

UNITED ARAB EMIRATES Embassy Ambassador Extraordinary and Plenipotentiary Mr. Eldar Salimov Address: Abu Dhabi, Al-Bateen Area, Villa Sector W/16, Plot N-297 Tel: +971 (2) 666 28 48 Fax: +971 (2) 666 31 50 E-mail: [email protected] WEB:

UNITED KINGDOM Embassy (also accredited to Ireland and Norway) Ambassador Extraordinary and Plenipotentiary Mr. Fakhraddin Gurbanov Address: London, 4 Kensington Court, W8 5DL Tel: +44 (207) 938 34 12 Fax: +44 (207) 937 17 83 E-mail: [email protected] WEB: www.azembassy.org.uk

USAEmbassy (also accredited to Mexico and Organization of American States) Ambassador Extraordinary and Plenipotentiary Mr. Yashar Aliyev Address: Washington D.C, 2741 34th Str. Tel: +1 (202) 337 35 00, 337 59 12 (consular section) Fax: +1 (202) 337 59 11, 337 59 13 (consular section) E-mail: [email protected] WEB: www.azembassy.us

UZBEKISTANEmbassy Ambassador Extraordinary and Plenipotentiary Mr. Namiq Abbasov Address: Tashkent, Shark Tongi 25 Tel: +998 (71) 173 61 67 Fax: +998 (71) 173 26 58 E-mail: [email protected] WEB: www.azembassy.uz

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MISSION TO NATO (also accredited to OPCW) Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Kamil Xasiyev Address: Brussels, NATO HQ, Bd. Leopold 3 Tel: +32 (2) 707 27 97 Fax: +32 (2) 707 27 98 E-mail: [email protected] WEB: www.nato.int/pfp/azerbaijan

MISSION TO UNESCO Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mrs. Eleonora Husseynova Address; 1, rue Miollis, 75732 Paris Cedex 15, France Tel: + 33 (1) 45 68 34 00; 45 68 28 77; 45 68 28 78 Faks: + 33 (1) 43 06 05 47 E-mail: [email protected] WEB:

PERMANENT MISSION TO THE COUNCIL OF EUROPEAmbassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Arif Mammadov Address: Strasbourg, Rue Westercamp 2 Tel: +33 (390) 22 20 90 Fax: +33 (390) 22 20 99 E-mail: [email protected] WEB: www.azmissioncoe.org

PERMANENT MISSION TO THE UN (also accredited in Cuba) Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Akshin Mehtiyev Address: New York, 866 UN Plaza, Suite 560 Tel: +1 (212) 371 25 59, 371 28 32, 371 27 21 Fax: +1 (212) 371 27 84, 371 26 72 E-mail: [email protected] WEB: www.un.int/azerbaijan

PERMANENT MISSION TO THE UN OFFICE AND OTHER INTERNATIONAL ORGANIZATIONS AT GENEVAAmbassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Elchin Amirbayov Address: Rue de Lausanne 67, 1202 Geneva Tel: 0041 22 901 18 15 Fax: 0041 22 901 18 44 E-mail: [email protected] WEB: www.azerbaijan-un-geneva.az/mission.php

CONSULATE GENERAL IN ISTANBUL (also accredited to BSEC) Consul General Mr. Sayyad Salahly Address: Istanbul, Sumbul Sokak 17, Levent 1 Tel: +90 (212) 325 80 42, 45 Fax: +90 (212) 284 95 79 E-mail: [email protected] WEB: www.azconsulateistanbul.org.tr

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CONSULATE GENERAL IN KARS Consul General Mr. Hasan Zeynalov Address: Sukapi mahallesi, Eski Erzrum caddesi, Dostluq sitesi N 123 Tel: +90 (474) 223 64 75, 223 13 61 Fax: +90 (474) 223 87 41 E-mail: [email protected] WEB: www.azconsulatekars.org.tr

CONSULATE GENERAL IN LOS ANGELES Consul General Mr. Elin Suleymanov Address: 11766 Wilshire Blvd., Suite#1410,Los Angeles, CA 90025 Tel: 1 310 444 9101 Fax: 1 310 477 4860 E-mail: [email protected]; [email protected]; [email protected] WEB: www.azconsulatela.org

CONSULATE GENERAL IN ST. PETERSBURG Consul General Mr. Goudsi Osmanov Address: St. Petersburg, Ulitsa Marata 73 Tel: +7 (812) 571 29 44, 571 28 45 Fax: +7 (812) 571 29 45 E-mail: [email protected] WEB:

CONSULATE GENERAL IN TABRIZ Consul General Mr. Aykhan Suleymanov Address: Tabriz, Kamarbandi khiyabani, Shahid Ayatullahi Str. Tel: +98 (411) 335 99 01, 02, 03 Fax: +98 (411) 335 99 04 E-mail: [email protected] WEB:

HONORARY CONSULATE IN LEBANON Honorable Consul Mr. Nazih Gassub Address: Beirut, Jdeidel el Mein, Bourj Hammoud, Ghossoub Center, Area 7, Str. 2, Bld. 120 Tel: +961 (1) 48 20 00, 49 29 90 Fax: +961 (1) 49 86 30 E-mail: [email protected]

*As of May 2008

azerbaijan export catalogue 2007-2008

Documents

sending hard

elchin amirbayov

industrial

popularity

eurasia partnership

direct international

manually controlled

yashar aliyev