15 april 2010 Elchin Ibrahimov

DID YOU KNOW THAT…DID YOU KNOW THAT… In 1901, Baku produced more than half of the

world's oil (11 million tons), and 95 percent of all Russian oil.

As of January 1, 1916, the four main companies, which led the Baku oil industry included the Nobel Brothers Petroleum Company (Alfred and Robert Nobel) and “Standard Oil” of John D. Rockefeller

Today, there are approximately 400,000 Azerbaijani Americans living in the United States, the majority of them being originally from Southern (Iranian) Azerbaijan

DemographicsDemographics Population

(Northern) Azerbaijan - 8,202,000

(Southern/Iranian) Azerbaijan – approximately 25,000,000

Annual growth rate - 0.7%

Azerbaijanis - 90.6%

Daghestani, Russian, Armenian and other minorities

Over 1,000,000 refugees and internally displaced persons

HistoryHistory Azerbaijan was divided between Iran and Russia

by bilateral agreements in 1813 (Treaty of Gulistan) and 1828 (Treaty of Turkmenchai)

Part of Azerbaijan belonging to Russia has been historically referred to as Northern Azerbaijan as opposed to Southern Azerbaijan belonging to Iran

(Northern) Azerbaijan first became independent in 1918

From 1920 to 1991 was the part of the USSR Restored independence in 1991

EconomyEconomy GDP rate – 10.6% Per capita GDP - 850 USD GDP Composition- industry – 38.4%;- agriculture – 10.2%;- construction – 11.7%;- transport and

communication – 10.2%;- other services – 29.5%

Inflation rate – 4-5% Exchange rate – 4,900

Azeri manats per 1 US dollar

Foreign AffairsForeign AffairsNagorno-Karabakh conflictNagorno-Karabakh conflict

Military conflict with Armenia (1988-1994) over the territory of Nagorno-Karabakh

20% of the territory of the Republic of Azerbaijan is currently under occupation of Armenia

UN Security Council adopted 4 resolutions demanding unconditional withdrawal of Armenia troops from the occupied area

The cease-fire has been in force since 1994

The conflict is unresolved

Foreign Trade and Foreign Trade and InvestmentInvestment

Azerbaijan has trade relations with more than 125 countries

The major export is oil and gas and oil products.

Major imports include food, machines and metalwork, light industrial products, chemicals, petrochemicals and agricultural products.

TaxationTaxation Corporate Profits Tax – 24%

Individual Income Tax - from 0% (for certain exempt income) to up to 35% (highest marginal bracket)

Value added tax (“VAT”) is imposed on the turnover of most goods, works and services in Azerbaijan and on the importation of goods – 18%

Currency RegulationCurrency Regulation

Azerbaijan’s national currency, the manat, was introduced in 1992.

Oil and GasOil and Gas

Recoverable oil reserves of Azerbaijan, mostly in offshore fields, are officially reported to be almost one billion metric tons and gas reserves 500 billion cubic meters