Product Description
Azerbaijan has quickly emerged as one of the leading and most dynamic states in the Caucasus region, successfully leveraging its historical role in the oil and gas industry to post some of the world’s highest GDP growth rates in recent years. The capital Baku finds itself at the center of the development of the hydrocarbon wealth locked in the Caspian Sea Basin, with more than $60 billion in FDI being focused on developing oil and gas related development. In addition to its links to Europe via Russia, Georgia, and Turkey, Azerbaijan is also poised to become a key distribution hub for its Central Asian neighbors following the completion of the Trans-Caspian pipeline. Azerbaijan has also actively been seeking to diversify its economy by improving the business environment for local and foreign investors. Economic reforms over the past decade have seen the country become a leader for trade and investment in the Caucasus region. TBY introduces the many different faces of this regional economic power—the business leaders and policy makers—that are transforming Azerbaijan into a key business hub for the Caucasus and beyond.