Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

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152 DOING BUSINESS IN AZERBAIJAN • January 1-4 – New Year • January 20 – Martyr’s day (Day of Mourning) • March 8 – Women’s day • March 20-24 Novruz Bayram • May 9 – Victory day • May 28 – Republic day • June 15 – Salvation day • June 26 – Army day • September 9-10 – Ramazan Bayram • October 18 – Independence Day • November 12 – Constitution Day • November 17 – The Day of Revival • November 16-17 – Gurban Bayram • December 31 – The Solidarity Day Major holidays are December 31 to January 5 (incl.) to celebrate Solidarity of all Azerbaijanis and the international New Year, and Novruz Bayram over March 20-24 (Muslim New Year) in 2009. In addition to these Azerbaijan has one day of mourning on January 20 in remembrance of hundreds of Azerbaijanis massacred by Soviet troops in 1990. All businesses, shops and even TV and radio will be closed down or with sombre programming for at least the first half of the day. (Warning: try not to offend anyone by referring to this day as a holiday). The Islamic holiday of Kurban Bayram (November 27-28 in 2009) falls on different dates each year due to the lunar cycle. This Islamic festival is a ‘sacrifice festival.’ Marking the end of the pilgrimage in Mecca, Saudi Arabia, it is based upon the Quranic story of Abraham’s willingness to sacrifice his son for God. A day or so the festival you may see a sheep or a cow bought by families and tied up outside apartment blocks or living on balconies until
the day arrives. The animal is then slaughtered and the meat distributed among the family, neighbours and the poor. The festival is more widely celebrated in the regions than in Baku, and in the outskirts of the city rather than the city centre. Ramazan ends with the festival known as Ramazan Bayram. Families would visit each other and children would receive presents, sweets or money. Business communication Azerbaijan’s official language is Azerbaijani (Azeri) and all state documentation is in the Azeri language. Russian is widely known and spoken but most official meetings will be conducted in Azeri. Many Azerbaijani businesspeople have a good command of English and the vast majority of young people speak English to some level, especially those who work in foreign companies. In general, the knowledge of the English language is proficient. Other international languages spoken include French, Italian and German, but more usually by those in businesses that are specifically oriented to a particular country. If you are unsure as to your counterpart’s linguistic capability, it is may be worth investing in an interpreter so as not to appear to take it for granted that the person you are visiting will be able to communicate in your language or provide an interpreter. Remember to slow your speech down and to speak clearly. Always confirm meanings, conclusions and agreements. Rather than ‘get straight down to business’, engage in some small talk and always wait for the other to initiate the change in topic. At most meetings the person you are visiting will offer you tea or sometimes coffee. Often tea (Chai) will be served automatically by an assistant and delivered to the meeting table. It will usually be served in tulip shaped glasses with lemon slices and wrapped GENERAL INFORMATION 153
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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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16 DOING BUSINESS IN AZERBAIJAN Aze
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Heydar Aliyev, President of the Rep
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24 DOING BUSINESS IN AZERBAIJAN For
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2009 DOING BUSINESS IN AZERBAIJAN 2
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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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76 DOING BUSINESS IN AZERBAIJAN
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2009 DOING BUSINESS IN AZERBAIJAN 7
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of Azer baijan’s total reserves).
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17, 2003. Following that the Presid
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whatsoever in respect of their oil
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Minerals & mining Apart from major
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The Japanese company Tepsco and Fin
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Production and consumption of elect
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Agriculture Production of Azerbaija
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While in 1991 only 39 thousands hec
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Peak production of a number of prod
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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
Page 131 and 132: asphalt, mineral waters, spinning a
Page 133 and 134: The region is rich in brick, bank s
Page 135 and 136: chemical industry locally. There ar
Page 137 and 138: Daglig Shirvan Sheki-Zagatala Lanka
Page 139: 139 Ilan Dag mountain. Nakhchivan r
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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)
Page 183 and 184: Consultant services Tel.: (99412) 4
Page 185: 185 Face Pattern of the Momine Khat
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This publication prepared by: AZERB
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