Azerbaijan - Latest News/Current Events, Economic Overview & Trade Relations
AEI | Quick Facts about Azerbaijan
| Official Name | Republic of Azerbaijan |
| Capital | Baku (Baki, Baky) |
| Location | Southwestern Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range |
| Area | total: 86,600 sq km land: 86,100 sq km water: 500 sq km note: includes the exclave of Naxcivan Autonomous Republic and the Nagorno-Karabakh region; the region's autonomy was abolished by Azerbaijani Supreme Soviet on 26 November 1991 |
| Climate | dry, semiarid steppe |
| Terrain | large, flat Kur-Araz Ovaligi (Kura-Araks Lowland) (much of it below sea level) with Great Caucasus Mountains to the north, Qarabag Yaylasi (Karabakh Upland) in west; Baku lies on Abseron Yasaqligi (Apsheron Peninsula) that juts into Caspian Sea |
Editor PicksBrowse Asia News Archive
Azerbaijani Oil Group Suspends Environmental Projects
Azerbaijan has frozen money allocated for environmental projects due to financial constraints.
read full newsGovernment Hikes Expat Fees for Work Permits
In order to counter hiring foreign citizens in Azerbaijan, companies that do hire foreign citizens shall be required to pay 1,000 manats (over $1,200).
read full newsAzerbaijan Cuts 2009 Oil Output Forecast by a Fifth
Due to production problems and low oil prizes, Azerbaijan has cut 2009 oil production by a fifth to 45 million tonnes
read full newsOne-Third of Investment Spending to be Stashed Away
To curb the world financial crisis, Azerbaijan looks to budget $2 billion (1.6 billion manats) towards investments as hedge funds.
read full newsAzerbaijan Says Has Gas to Fill Nabucco Pipeline
Europe is looking to lessen its dependency on Russian oil supplies. Azerbaijan's oil monopoly like other central Asian countries has offered to help full the Nabucco pipeline, which runs from the Caspia via Turkey, Bulgaria, Romania, Hungary and ends…
read full newsAzerbaijan Willing To Expand Gas Deals With Greece
Azerbaijan's president says his country is willing to expand natural gas cooperation with Greece, which is providing an alternative to Russia's hold on European energy supplies.
read full newsBrowse Asia News Archive
Trade Agreements
CISFTA - Commonwealth of Independent States FTA
Belarus
Georgia
Moldova, Republic Of
UkraineNever fully implemented by all members, although Free Trade Area was created in 1999; future prospects unclear. http://www.worldtradelaw.net/fta/agreements/cisfta.pdf
Trade Organizations
GUAM Organization for Democracy and Economic Development
The GUAM Organization for Democracy and Economic Development is a regional organization of four CIS states: Georgia, Ukraine, Azerbaijan, and Moldova.