You Won’t Believe What’s Happening with Energy in Azerbaijan!

You Won’t Believe What’s Happening with Energy in Azerbaijan!

Azerbaijan is poised for a major shake-up in its energy sector, as the country steers towards increasing its fossil gas production over the coming decade. The state-owned oil and gas behemoth, Socar, alongside its affiliates, plans to substantially boost annual gas output to cater to escalating demands, especially from the European Union. This anticipated rise … Read more

The Legal Framework in Azerbaijan: A Foundation for Foreign Investment

The Legal Framework in Azerbaijan: A Foundation for Foreign Investment

Azerbaijan, a nation strategically located at the crossroads of Eastern Europe and Western Asia, has been actively working to enhance its economic landscape and attract foreign investments. To this end, a robust legal framework has been established to create a favorable environment for investors from around the globe. In this article, we will delve into … Read more

How to File Your Taxes in Azerbaijan: Step-by-Step Instructions

How to File Your Taxes in Azerbaijan: Step-by-Step Instructions

Azerbaijan, a vibrant nation located at the crossroads of Eastern Europe and Western Asia, is renowned for its rich cultural heritage and rapidly developing economy. As an emerging business hub, Azerbaijan offers numerous opportunities for entrepreneurs and investors. Understanding the tax system and filing taxes correctly are crucial for individuals and businesses operating within the … Read more

Market Research in Azerbaijan: Navigating Opportunities and Challenges

Market Research in Azerbaijan: Navigating Opportunities and Challenges

Azerbaijan, a vibrant nation located at the crossroads of Eastern Europe and Western Asia, is emerging as a significant player in the global economic landscape. Known for its rich history, cultural diversity, and strategic geographical position, Azerbaijan offers a myriad of opportunities for businesses looking to expand their reach. In recent years, market research has … Read more

Understanding the Banking System and Bank Accounts in Azerbaijan

Understanding the Banking System and Bank Accounts in Azerbaijan

Azerbaijan, strategically positioned at the crossroads of Eastern Europe and Western Asia, is a nation that has experienced rapid economic development, especially following the dissolution of the Soviet Union in 1991. The banking system in Azerbaijan has played a crucial role in supporting this growth. This article provides an overview of the banking system and … Read more

Understanding the Public Procurement Law in Azerbaijan: Framework, Challenges, and Opportunities

Understanding the Public Procurement Law in Azerbaijan: Framework, Challenges, and Opportunities

Azerbaijan, a vibrant nation located at the crossroads of Eastern Europe and Western Asia, has emerged as a significant player in the global market, thanks in part to its rich reserves of oil and natural gas. As the country continues to diversify its economy, it is crucial to understand the laws and regulations that facilitate … Read more

Understanding Real Estate Law in Azerbaijan: Navigating Property Transactions and Investments

Understanding Real Estate Law in Azerbaijan: Navigating Property Transactions and Investments

Azerbaijan, a nation located at the crossroads of Eastern Europe and Western Asia, boasts a rich cultural heritage and a burgeoning economy powered by its significant oil and gas reserves. As the country continues to develop, particularly its capital, Baku, real estate has become an attractive avenue for both domestic and international investors. Understanding the … Read more

An Overview of VAT in Azerbaijan: Understanding the Tax Landscape

An Overview of VAT in Azerbaijan: Understanding the Tax Landscape

The Republic of Azerbaijan, straddling Eastern Europe and Western Asia, is known for its rich cultural heritage, strategic geopolitical location, and a burgeoning economy primarily driven by its extensive oil and gas reserves. As Azerbaijan continues to diversify its economy and promote business development, understanding the country’s tax system becomes increasingly essential for local and … Read more

The Legal Profession in Azerbaijan: Education and Practice

The Legal Profession in Azerbaijan: Education and Practice

The Republic of Azerbaijan, located at the crossroads of Eastern Europe and Western Asia, has a rich historical and cultural heritage. In recent years, Azerbaijan has experienced rapid economic development, primarily due to its abundant natural resources, particularly oil and gas. This economic growth has given rise to a significant transformation in various sectors, including … Read more

Understanding Customs Duties in Azerbaijan: A Gateway to Business Opportunities

Understanding Customs Duties in Azerbaijan: A Gateway to Business Opportunities

Azerbaijan, strategically located at the crossroads of Eastern Europe and Western Asia, is a nation rich in history and abundant in natural resources. The country is renowned for its oil and gas reserves, which serve as the backbone of its economy. In recent years, Azerbaijan has been making concerted efforts to diversify its economic landscape … Read more