AZERBAIJAN'S MARKET OVERVIEW
Azerbaijan is the largest country among the three countries of the West Asia. Islam is the main religion of Azerbaijan and Azerbaijani (Azeri Turkish) is official language. Azerbaijan has made diversification in the economic sectors and strengthening of the non-oil sector as the main priorities in the development strategy. Azerbaijan is one of the largest importers in the region from Turkey, Russia, China, Iran, Germany, and other European countries. Import restrictions: An entry permit is required for food products of animal origin.
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Natural StonesMarketing in Azerbaijan country
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Geographical location and population of Azerbaijan
The Republic of Azerbaijan is located in the Caucasus region of the Eurasian supercontinent. It covers three major physical areas: First, the Caspian Sea, whose coastline forms a natural border in the east of the country. Second, the Greater Caucasus Mountains in the north; and third, the plains and lowlands of the center of the country.
In parts of Azerbaijan, including outside its capital Baku, lands with reserves of oil and gas are distributed, these are areas from which oil and gas can be extracted, and some volcanoes have formed on top of some reserves, but instead of spraying lava, a muddy mixture of water, sand, gas and sometimes oil erupt, according to the latest statistics, the population of this country has reached 10 million people.
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Azerbaijan Chemicals Market
Azerbaijan Construction Materials Market
Azerbaijan Gemstones Market
Azerbaijan Metals Market
Azerbaijan Minerals Market
Azerbaijan Natural Stones Market
Azerbaijan Petrochemicals Market
Azerbaijan Petroleum Market
Azerbaijan Real estates Market
Azerbaijan Food Market
Azerbaijan Crops Market
Azerbaijan art and craft Market
Religion and language of the people of Azerbaijan
Islam is the main religion of the Republic of Azerbaijan and 99.2% of the population of this country are Muslims and about 85% of Azerbaijani Muslims recognize the Shiite religion, while 15% are Sunni Muslims. The official language of Azerbaijan is Azerbaijani (Azeri Turkish), which is close to modern Turkish and is related and fully understood.
Currency of Azerbaijan
Manat is the currency of the Republic of Azerbaijan, which is displayed in international markets with the symbol "AZN" and each manat is equal to 100 qəpik. Manat in Russian means coin and means 1, 5, 10, 20, 50, 50, 100, 200, and 500 banknotes and 1, 3, 5, 10, 20, 50 Qapik coins are divided and every 100 kopecks forms one manat.
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How is Economy of Azerbaijan?
Although the Government of the Republic of Azerbaijan has made diversification in the economic sectors and strengthening of the non-oil sector as the main priorities in the development strategy for this year, many of the investments of this country are still due to the continued dominance of oil and gas in the country's economy.
The 2019 budget shows that not only has the dependence on oil revenues not been reduced but also that Elham Aliyev has provided for the country's financial needs through the export of natural gas.
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Imports of the Republic of Azerbaijan
The Republic of Azerbaijan is one of the largest importers in the region. Most of the imports of the Republic of Azerbaijan are from Turkey, Russia, China, Iran, Germany, and other European countries.
Shoes are imported to the Republic of Azerbaijan from Iran, Turkey, China, Italy, the USA, and Spain.
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Business Information of Azerbaijan
The State Veterinary Committee of Azerbaijan issues these permits. The import of special radioactivity equipment for use in the oil industry requires a special permit.
Exemption from customs fees:
The following items are exempt from customs duties on imports of Azerbaijan: Property imported by foreign employees of companies for the personal use of imported goods, materials, and technology under agreements between countries, assets, and imported materials as the property of a foreign investor to participate in joint ventures. Raw materials, spare parts, and equipment imported by economic institutions for use in their products and humanitarian aid are distributed free of charge.
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