TheMarketingSite.com

Countries

Azerbaijan

Azerbaijan (/ˌæzərbaɪˈdʒɑːn/ AZ-ər-by-JAHN; Azerbaijani: Azərbaycan, Азәрбајҹан, آذربایجان), officially the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikası, Азәрбајҹан Республикасы, رئسپوبلیکاسی آذربایجان), is a country in the Transcaucasian region, situated at the crossroads of Southwest Asia and Southeastern Europe.

It is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west and Iran to the south.

The exclave of Nakhchivan is bounded by Armenia to the north and east, Iran to the south and west, while having a short border with Turkey in the north west.

The Azerbaijan Democratic Republic proclaimed its independence in 1918.

The country was incorporated into the Soviet Union in 1920 as the Azerbaijan Soviet Socialist Republic.

The modern Republic of Azerbaijan proclaimed its independence on August 30, 1991, prior to the official dissolution of the USSR in December 1991.

In September 1991, the Armenian majority of the disputed Nagorno-Karabakh region seceded to form the Nagorno-Karabakh Republic.

The region and seven adjacent districts outside it became de facto independent with the end of the Nagorno-Karabakh War in 1994.

These regions are internationally recognized as part of Azerbaijan pending a solution to the status of the Nagorno-Karabakh, found through negotiations facilitated by the OSCE.

Azerbaijan is a unitary semi-presidential republic.

The country is a member state of the Council of Europe, the OSCE and the NATO Partnership for Peace (PfP) program.

It is one of six independent Turkic states, an active member of the Turkic Council and the TÜRKSOY community.

Azerbaijan has diplomatic relations with 158 countries and holds membership in 38 international organizations.

It is one of the founding members of GUAM, the Commonwealth of Independent States (CIS) and the Organization for the Prohibition of Chemical Weapons.

A member of the United Nations since 1992, Azerbaijan was elected to membership in the newly established Human Rights Council by the United Nations General Assembly on 9 May 2006.

Its term of office began on 19 June 2006.

Azerbaijan is also a member state of the Non-Aligned Movement, holds observer status in World Trade Organization and is a correspondent at the International Telecommunication Union.

The Constitution of Azerbaijan does not declare an official religion and all major political forces in the country are secularist.

However, the majority of the population consists of Shiite Muslims.

Azerbaijan has a high level of human development which ranks on par with most Eastern European countries.

It has a high rate of economic development and literacy, as well as a low rate of unemployment.

However, corruption in Azerbaijan is widespread, especially in the public service.

The ruling party, the New Azerbaijan Party, has been accused of authoritarianism and human rights abuses.

Region:Europe & Central Asia
Income Level:Upper middle income
Population, total:9,862,429 (2017)
Capital:Baku
Longitude:49.8932
Latitude:40.3834
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.