Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

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132 DOING BUSINESS IN AZERBAIJAN Guba-Khachmaz economic region The region is located in the north-east of the country and borders Russia in the north. It has long coastal line with the Caspian Sea. The main sectors of the region’s economy are agriculture and manufacturing. Tinned fruits and vegetables production (Khachmaz, Guba), fish processing (Khudat), carpet weaving (Guba, Gusar, Khachmaz) are the region’s specialties. Grain and dairy products constitute major products in Khachmaz and Devechi. Heavy industriey is represented by oil and gas production (Siyazan), electronics plant (Guba), swarf processing (Khachmaz). Main resources of the region include oil, natural gas, shale oil, sand, gravel, clay. The region has dense river network and large water reserves. As the region is one of the significant sanatoriums and spa areas the recreation potential is substantial. Regionally famous Nabran recreation area is located here. Communication lines connecting Azerbaijan with Russian Federation pass through this region. Lankaran economic region Lankaran economic region is located in the southeast of Azerbaijan with territories of Yardimli, Jalilabad, Masalli, Lerik, Astara and Lankaran administrative districts included. The economic region boarders Caspian Sea in the east and Iran in the west and south. Territory of the region consists of two major parts: Lankaran valley and Talish Mountains. The region stands out among other economic regions due to the fact that 7 climatic zones from overall 11 are present here.
The region is rich in brick, bank stone, sand, loam, detritus and other construction materials. It also has plentiful thermal medicinal springs. The main natural resources of the region are forests along the flank of hills and fertile land. 26% of the region’s area is covered with forests. There are few unique and rare specimens of flora such as shumshad, damiragaj (iron tree), oak with chestnut leaves and others. Processing of the agriculture products is one of the principal sectors of Lankaran’s economy. Humid subtropical climate, fertile lands, abundant rainfall and sufficient workforce amount for great opportunities to develop agriculture up to the most modern standards. Priority directions are growing of tea, citruses, vegetables & fruits as well as winemaking. Baku-Astara railway and Baku-Astara highway parallel to the former are the major transport routes. The North-South Transport initiative that is expected to boost regional trade along Iran- Azerbaijan-Russia-Northern Europe route will pass through the region. A modern airport is located in Lankaran town. It is possible to develop ecotourism, restaurant business, fitness & entertainment centres in the region. Mountainous tourism can also be developed. Bearing in mind that neighboring Iran with population of 72 million has no a sufficient number of modern tourist resorts it is appropriate to develop all sectors of tourism locally. Nakhchivan economic district Nakhchivan economic region consists of the territory of the Nakhchivan Autonomous Republic surrounded by Turkey, Iran and Armenia. The main trademark of Nakhchivan is it”s location on the OVERVIEW OF THE REGIONS 133
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DOING BUSINESS IN AZERBAIJAN 2009 A
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“During recent five years, the ec
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OVERVIEW OF THE REGIONS 127 Abshero
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Heydar Aliyev, President of the Rep
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Abundant resources Azerbaijan is ri
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The Government will continue the po
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places in the ranking, the biggest
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of documents produced and executed
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the JSC only to the extent of their
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esponsible for its obligations. Lik
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• Ownership and other property ri
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government agency entrusted to exer
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labour duties when no notice is req
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Overtime and work during days-off (
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Azerbaijani law recognizes several
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Currency regulation & repatriation
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Residents can export hard currency
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on cars, buses and trucks depending
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Accounting The new Accounting Law 2
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As mentioned above separate chart o
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utility models, trademarks, and geo
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Rights to computer programs, databa
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elating to administrative offences;
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• an award contravenes legislatio
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economy such as transport, communic
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Interest and penalties Breach* Fine
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2009 DOING BUSINESS IN AZERBAIJAN 7
Page 81 and 82: of Azer baijan’s total reserves).
Page 83 and 84: 17, 2003. Following that the Presid
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Page 87 and 88: Minerals & mining Apart from major
Page 89 and 90: The Japanese company Tepsco and Fin
Page 91 and 92: Production and consumption of elect
Page 93 and 94: Agriculture Production of Azerbaija
Page 95 and 96: While in 1991 only 39 thousands hec
Page 97 and 98: Peak production of a number of prod
Page 99 and 100: Telecoms & IT Azerbaijani telecommu
Page 101 and 102: facilities of this satellite and ha
Page 103 and 104: Construction Legislation Pursuant t
Page 105 and 106: As market research in the field sho
Page 107 and 108: There are also opportunities for le
Page 109 and 110: agencies and investors in transport
Page 111 and 112: Business visits account for the maj
Page 113 and 114: During the year total bank assets i
Page 115 and 116: Significant works continued in 2008
Page 117 and 118: It should be noted that since 1993
Page 119 and 120: Disclosure Requirements The Civil C
Page 121 and 122: BSE turnover mln. AZN SECTORS REVIE
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Page 129 and 130: Aran economic region Aran is centra
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Page 135 and 136: chemical industry locally. There ar
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Page 171 and 172: Tel.: (+99412) 4985094 Fax: (+99412
Page 173 and 174: Tel.: (+99412)4901323; Fax:(+99412)
Page 175 and 176: Tel: + 420 246032422; Fax: + 420 24
Page 177 and 178: Tel.: (73172) 24 15 81; Fax: (73172
Page 179 and 180: Tel.: +966(1)4192382; Fax: +966(1)4
Page 181 and 182: Tel.: (99412) 4901234; Fax: (99412)
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Consultant services Tel.: (99412) 4
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This publication prepared by: AZERB
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