The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic growth over the period 1995–2014. Since 2014, GDP growth has slowed down substantially.
Baku is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and in the Caucasus region. Baku is 28 metres (92 ft) below sea level, which makes it the lowest lying national capital in the world and also the largest city in the world below sea level. Baku lies on the southern shore of the Absheron Peninsula, on the Bay of Baku. Baku's urban population was estimated at two million people as of 2009. Baku is the primate city of Azerbaijan—it is the sole metropolis in the country, and about 25% of all inhabitants of the country live in Baku's metropolitan area.
The transport in Azerbaijan involves air traffic, waterways and railroads. All transportation services in Azerbaijan except for oil and gas pipelines are regulated by the Ministry of Transportation of Azerbaijan Republic.
A state-owned enterprise (SOE) is a government entity which is established or nationalised by a national or provincial government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price, implement government policies, and/or to deliver products & services to the remote locations of the country. The national government or provincial government has majority ownership over these state owned enterprises. These state owned enterprises are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals and developmental objectives. SOEs are government entities established to pursue financial objectives and developmental goals.
Absheron District is one of the 69 districts of Azerbaijan. Located in the east of the country, it belongs to the Absheron-Khizi Economic Region. The district borders the districts of Khizi, Gobustan, Baku, Hajigabul, Salyan, and the city of Sumgait. Its capital and largest city is Khyrdalan. As of 2020, the district had a population of 214,100. Although the district shares the same name as the Absheron Peninsula, the area covered by the district is not conterminous, being further west and mostly inland.
Since Norfolk serves as the commercial and cultural center for the geographical region of Hampton Roads, it can be difficult to separate the economic characteristics of Norfolk, from that of the region as a whole. The waterways which almost completely surround the Hampton Roads region also play an important part in the local economy. As a strategic location at the mouth of the Chesapeake Bay, its protected deep water channels serve as major arteries for the import and export of goods from across the Mid-Atlantic, Mid-West, and international destinations, as well as being the location of the world's largest naval base.
As of 2017, Azerbaijan produced a range of metals and industrial minerals, including aluminum, bentonite, copper, gold, iodine, limestone, silver and steel.
Mining has been conducted in Georgia for centuries. Today, Georgia's mineral industry produces manganese, copper and various types of quarried stone. Although the Georgian economy has experienced significant economic growth in recent years, growth in the mining and metallurgical sector has lagged behind that of the overall economy.
Bilateral relations exist between the Republic of Azerbaijan and the Republic of Bulgaria in political, socio-economic, cultural and other spheres. Cooperation is carried out in such areas as transport and transit of goods, tourism, pharmaceuticals, agriculture, science and high technologies, education, military equipment, etc.
The tax legislation of Azerbaijan is comprised by the Constitution of Azerbaijan Republic, the Tax Code and legal standards which are adopted herewith. The taxes levied in Azerbaijan can be generally broken down into 3 main types: state taxes, taxes of autonomy republic and local (municipal) taxes. State taxes include the following: personal income tax, corporate tax, value added tax, excise tax, property tax, land tax, road tax, mineral royalty tax and simplified tax. Taxes of autonomy republic are the same as state taxes but levied in Nakhichevan Autonomous Republic.
Port of Baku is a sea port located in the Bay of Baku, on the coast of city of Baku, Azerbaijan. The main entrance faces the Neftchiler Avenue.
The Absheron Economic Region is located in the eastern part of the Republic of Azerbaijan and comprises Baku and Sumgait cities and the Absheron and Khizi districts. The eastern part of the economic region is located on the shores of the Caspian Sea, which has positive effects on the economy of the region. It borders Shaki-Zaqatala economic region to the north, Mountainous Shirvan to the west and Aran to the south.
Mikayil Chingiz oghlu Jabbarov is an Azerbaijani politician who is the current Minister of Economу of Azerbaijan
Shaki-Zagatala Economic Region is one of the 14 economic regions of Azerbaijan. It borders Russia to the north and Georgia to the west, as well as the economic regions of Quba-Khachmaz, Mountainous Shirvan, Central Aran, and Ganja-Dashkasan. The region consists of the districts of Balakan, Zagatala, Gakh, Shaki, Oghuz and Qabala. It has an area of 8,840 square kilometres (3,410 sq mi). Its population was estimated to be at 630.4 thousand people in January 2021.
The overall investment climate in Azerbaijan continues to grow despite of significant challenges remain. Over the recent years, the country has made efforts to integrate more fully into the global marketplace and attract foreign investment.
The economic history of Azerbaijan covers the development of the country's economy from its incorporation into the Russian empire at the beginning of the 19th Century, through the period of independence under the Democratic Republic (1918-1920), as part of the Soviet Union (1920-1991) and subsequent transition to the Republic of Azerbaijan.
Ganja is the second largest city of Azerbaijan, according to its population (331.4 thousand, however, it is behind Baku and Sumqayit in terms of industrial production. The city is located in Ganja-Gazakh economic region. The economy of Ganja embraces the issues connected to the economy of the city of Ganja. Industry, tourism, agriculture, and transportation are the major branches of its economy. Most of the total volume of industrial products is accounted for non-ferrous metallurgy, light and food industries, electronics industry and home appliances.
Azerbaijan–Saudi Arabia relations are the bilateral relations between Azerbaijan and Saudi Arabia.
Azerbaijan—France relations are the bilateral relations between the Republic of Azerbaijan and the French Republic in the political, socio-economic, cultural, and other spheres.
