Azerbaijan

The economic system is more and more complex and global with sudden changes in business models, organisations and rules. The extension of boundaries in competitiveness internationally requires a close comparison in order to maintain the efficiency and sustainability of a company’s business model over time, including the value of the business.

Our projects abroad are particularly directed towards markets in which the sustainability of a business is guaranteed over time and for this reason we have chosen Azerbaijan as a reference country for development of relationships with Italian businesses.

Azerbaijan is a fast growing country among those of the former Soviet Union. The International Monetary Fund forecasts an actual GDP growth of 3.5% in 2013 and 5.6% in 2014. The exportation of hydrocarbon is the country’s main source of income (94% of total export). This has counteracted against the world crisis and hence being able to continue to finance public investment programmes thereby supporting economic diversification plans (tourism, infrastructures, constructions, manufacturing, credit support to businesses).

Major investment projects financed by the Azeri government and by the Sovereign Fund SOFAZ, have drawn many opportunities for foreign businesses in the infrastructure sector, including construction, civil engineering, transport, equipment for chemical and petrochemical industry, as well as the engineering, textile sector, lighting products, the metallurgic industry, agriculture, technology for safeguarding the environment, materials for the construction sector; not to mention, opportunities for the fashion and agricultural and food industry.