Successfully investing in Azerbaijan

Foreign investors complain most about the still prevailing monopoly economy, the bureaucracy in the offices and the still relatively high level of corruption, which affect the normal course of business. Nevertheless, the situation is expected to improve in these areas because of the adoption of the Competition Code, reforms on transparency and independence of judicial bodies, and anti-corruption policies.

Germany and Azerbaijan have maintained very good bilateral relations since 1992. Azerbaijan is one of Germany's ten most important crude oil suppliers. Germany is also a very important import partner for Azerbaijan. Germany mainly exports machinery, cars, tools and manufacturing equipment to Azerbaijan. The importance of joint trade relations is demonstrated by the fact that Germany has founded the region's only foreign chamber of commerce in Baku. Both countries work closely together in the areas of economic development, the environment and climate protection, as well as in many cultural areas.​

Azerbaijan will continue to develop very well. Thanks to its large oil and gas reserves, the country will remain a very important partner in the region.​