azerbaijan country presentation. basic information i establishment: i independence: i official...
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Azerbaijan Country Presentation
Basic information
I Establishment:
I Independence:
I Official Language:
I Political system:
I Area:
I Population:
I Capital:
I Autonomy:
28 May 1918
18 October 1991
Azerbaijanian
Presidential Republic
86.6 ths. sq. km.
9.1 million
Baku
Nakhchivan Republic
I Significant highlights:
I First democratic republic in the Islamic world
I 1st Opera in the Islamic world
I Women voting right in 1918; Italy -1946;
Switzerland - 1971; France - 1944
I Currency: Manat: 1 AZN = 1.27 USD
I UN Security Council non-permanent member for 2012-2013
Location
Azerbaijan is the country on the crossroads of Eurasia
Interesting facts
I First Baku ‘oil boom’I Nobel’s first Kerosene
factory
I 1846–first hand-dug oilwells
I 50% of world oil production in XIX century
I 80% of total Soviet oil production during World War II
Nagorno-Karabakh conflict
I In 1989 – 1993 20% ofterritories of the Republic ofAzerbaijan were occupied byArmenia
I The cease-fire has been in forcesince 1994
I Total refugees and IDPs –1,010,000
I Economic losses of more than 60bln US dollars
Macroeconomic figures
9.4 %
GDP, bln USD
GDP per capita ($)
Investments ($)
FDI ($)
Inflation
Unemployment rate
Average monthly salary
($)
External debt
($)
Budget revenues
($)
Budget expenses
($)
Currency Reserve
($)
63.4
7,003
21.6 bln
4.4 bln
7.9 %
5.4%
460
4,6 bln
19,9bln
19,5 bln
40 bln
Azerbaijan Republic 2011 Korean Republic
1.116 trln
31,700
130 bln
190 bln
4 %
3.4%
3500
397 bln
267 bln
242 bln
306 bln
GDP growth
Average GDP growth in 2006 - 2011 - 14.1% , but
last year 0,1 %
2nd fastest growing economy among 179 countries
for GDP per capita growth in 2001-2010
prod
ucti
vity
GDP share in the region
I GDP share in the South Caucasus (%)
1.62 2.04 2.44.4
18.520.3
29.1
40
2003 2004 2005 2006 2007 2008 2009 2010 2011
External debt in 2011 – 4.6 bln USD(7.3% of GDP)
Korea currency reserve-306 bln USD
Korea-(397 bln USD -33 % of GDP)
7.4
Strategic currency reserves
Turkey15%
Ukraine8%
Germany9%
China8%
France6%
USA7%
Russia18%
Foreign Trade (import)
III
More than 10 Free Trade Agreements
149 trade partners
WTO negotiations process
I Trade turnoverI Import
Other 42%
36.3 bln US dollars9.7 bln US dollars
■ Machinery, equipment■ Vehicles and spare parts■ Foodstuffs■ Non-ferrous metals and products■ Pharmaceuticals■ Wood and products■ Other
2011
Italy26%
Russia5%
Israel8%
USA12%
France9%
Other40%
Ukraine4%
Foreign Trade (export)
I Trade turnoverI Export
36.3 bln US dollars26.6 bln US dollars
■ Raw oil and petrochemicals■ Fruit and vegetables■ Plant and animal oil■ Ferrous metals and products■ Chemical industry products■ Cotton■ Aluminum and products■ Alcoholic and non-alcoholic beverages■ Tobacco and products■ Other
2011
Oil Sector-53% Construction-7% Agriculture-5% Trade 8% Transport 6% ICT-2% Other sector-19%
GDP distribution by sector
The same credit rating: Brazil, Mexico, India, Morocco,
Azerbaijan is better than Serbia, Romania, Hungary and Estonia.
Country Ratings
Korea Credit Rating: A or A+
Maximum Credit Rating: USA, Australia, UK, Norway
(AAA)
Dutch Deasease
Unequality growth
World Economic Crisis
Challenges to our economy
Development strategy
Development strategy
Aim: Sustainable economic development
Diversification (increase non-oil sector)
Balanced and Stable Regional Development
Enhance national competitiveness while integrating to
world economy
Ensure the durability of social policy
Economic Strategy
• ICT• Tourism• Light Industry• Heavy Industry• Industrial Parks• Alternative Energy• Transportation and Logistics• Agriculture and Food Industry• Chemical Industry
Diversification
AZERISPACE Cost of project: 120 mln USD
• AzerSat-1 -first satellite• is to be launched into
orbit in July or August 2012
• By Arianespace (France)• will cover Europe and
major Asian countries and Africa
• will have transmission for TV, radio broadcasting and the internet.
ICT
Tourism
Building infrastructure for tourism: Now 508 hotels over Azerbaijan
Tourism
Organization of the international culturaland sporting events in 2012:
Eurovision Song Contest Baku
FIFA Women's U17 World Championship
Baku International Jazz Festival
ALYATSEA PORT
AHALKALAKI
KARS
ISTANBUL
Transport Capacity
I Baku – Tbilisi – Kars railroad (The Iron Silkway)
Sumgait Industrial Park
Balakhani eco-industrial Park
Ganja Aluminium Plant of DET AL Aluminium LLC Baku Ship Yard Company
21
IndustrializationIndustrialization
PRODUCTION FIELDS INPRODUCTION FIELDS INSUMGAIT CHEMICAL INDUSTRIAL PARKSUMGAIT CHEMICAL INDUSTRIAL PARK
Polietilena Details of machine and
mechanism Polypropylene Antifreeze Synthetically rubber Plastic pipes Lacquer-paint production Tar of heavy piroliz Propylene-glycol Bitumen production Lubricating oil production
22
PRODUCTION FIELDS INPRODUCTION FIELDS INSUMGAIT CHEMICAL INDUSTRIAL PARKSUMGAIT CHEMICAL INDUSTRIAL PARK
BALAKHANI ECO-INDUSTRIALINDUSTRIAL PARKBALAKHANI ECO-INDUSTRIALINDUSTRIAL PARK
Recycling
Producing green materials and Energy
Exchange of information and knowledge
BALANCED REGIONAL DEVELOPMENT
The State Program on the socio-economic development of regions in Azerbaijan Republic (2004-2008)
The State Program on the socio-economic development of regions in Azerbaijan Republic(2009-2013)
The State Program on sustainable provision of population with foodstuffs in Azerbaijan Republic during 2008-2015
82,5% share of private sector in GDP
73,9% of employment
82,0% of industrial product.
Entrepreneurship development
26
Bakı Business-Educational Center
Telephone Information Center
Electron Trade Portal
National Confederation of Entrepreneurs
(Employers) Organization of Azerbaijan
National Fund for Entrepreneurship Support
Azerbaijan Investment Company
Azerbaijan Export and Investment Promotion
Foundation (AZPROMO)
Mechanisms to support to entrepreneurship
Social Policy
I State Program on Poverty Reduction and SustainableDevelopment of the Republic of Azerbaijan in 2008-2015
Poverty reduction dynamics
49%48%
45%
40%
29%
21%16%
13%
11%9% 7.6%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GDP GROWTH of NON-OIL SECTOR
I
“Azerbaijan 2020: view to the
future”
“Azerbaijan 2020: view to the
future”
to double GDP.
to achieve 7% average annual growth in non-oil sector.
to increase share of non-oil sector in GPD up to 80% (in 2011 – 48.3%).
to increase of GPD per capita till 10000 USD.
to create knowledge-based economy.
Azerbaijan 2020: view to the future
President Mr. Ilham Aliyev determined:
Over 40 agreements have been signed between Azerbaijan and Korea, including in the field of economic cooperation, particularly:
Investment promotion and protection Avoidance of double taxation Agriculture Fuel and energy cooperation Communication and information technologies Transport Air transportation Rail roads Land cadastre Environmental protection
Bilateral Agreements
Currently in Azerbaijan there are 18 companies with Korean investments operating in the fields of commerce, road construction, housing construction, architecture, services, etc.
In 2008-2011 148 million USD were invested by Korea in Azerbaijan.
Companies
o 2011:
Trade turnover: 648.04 million USD (72.5% raise) Import: 203.82 million USD (29.6% raise) Export: 444.22 million USD (103.4% raise) o January – March, 2012: Trade turnover: 57.58 million USD (63.30% raise) Import: 57.56 million USD (68.30% raise) Export: 0.02 million USD (98.48% reduction)
Trade Relations
Major exports from Azerbaijan to Korea:
Crude oil, copper ore and concentrates, wine, etc. Major imports to Azerbaijan from Korea:
Motor car, bulldozer, excavators, plastics, machines and equipment, apparatus and spare parts, petroleum, calculators, busses, ferrous metals, trucks, etc.
Trade relations
Currently 4 projects are implemented in Azerbaijan by KOICA:
Project of Creation of Special Economic Zones and Industrial Parks (2011-2013, 1 million USD, beneficiary is Ministry of Economic Development)
Project of Automation of Intellectual Property Rights in Azerbaijan (2011-2013, 4.2 million USD, beneficiary is State Committee for Standardization, Metrology and Patents)
Project of Creation of Education Information System at Azerbaijan Technical University (2011-2013, 2 million USD, beneficiary is Azerbaijan Technical University)
Project of General Settlement of Water Shortage on the Absheron peninsula (2011-2014, 26.18 million USD, beneficiary is “Azersu” Public Corporation)
Cooperation in Technical Assistance
Thank you for the attention!