This publication is made possible by the support of the American People through the United States Agency for

International Development (USAID). The contents of this publication are the sole responsibility of Azerbaijan Marketing Society and do not necessarily reflect the views of USAID or the United States Government.

INTRODUCTION TO AZERBAIJAN...........................................................................6 ECONOMIC OVERVIEW...............................................................................................8 FOOD...............................................................................................................................23

Baku oil and food industry........................................................................................25 BISMAK Food Industry Complex LLC........................................................................26 Caucasus Cannery OJSC............................................................................................28 Chudo Pechka LLC.....................................................................................................30 ELFEM Ltd.................................................................................................................31 Ganja Sharab - 2 OJSC..............................................................................................32 Gunel-3 MC...............................................................................................................33 KARAT HOLDINQ LLC................................................................................................34 Milk-Pro LLC..............................................................................................................35 Miri Pak Food Industry Complex...............................................................................36 Sadiq LLC..................................................................................................................38 Sirab OSJC................................................................................................................39 Sun Tea Azerbaijan OJSC..........................................................................................40 Shirin LLC..................................................................................................................42

MANUFACTURING......................................................................................................43
Azerkhalcha Scientific Work Production Union.........................................................44 Azpetrol Ltd LLC........................................................................................................45 BOT LLC.....................................................................................................................46 Caucasus Paper Industry Ltd....................................................................................47 Embawood LTD.........................................................................................................48 Matanat A company..................................................................................................50 MKT Istehsalat Kommersiya LTD..............................................................................52 NEXUS LTD................................................................................................................53 NJT2000 LTD.............................................................................................................54 Saloglu Private enterprise........................................................................................56 SINAM LTD................................................................................................................57 State Oil Company of Azerbaijan Republic (SOCAR)....................................................58 Ziya+ LTD.................................................................................................................59 Ziya Suvenir LTD.......................................................................................................60

SERVICES......................................................................................................................61 Banking & Finance............................................................................................................62 AGBank OSJC............................................................................................................62 Azerdemiryolbank OJSC............................................................................................63 Bank of Baku Open Joint Stock Company.................................................................64 Bank Standard KB CJSC............................................................................................65 The International Bank of Azerbaijan..........................................................................66 UNIBANK Commercial Bank OJSC.............................................................................72 Construction.....................................................................................................................74 CASPIAN SERVICE LLC..............................................................................................74 Tourism & Hotels...............................................................................................................76 Irshad hotel JV..........................................................................................................76 Park Inn Azerbaijan Hotel, Global Investment Company LTD..................................77 Radisson Sas Plaza Hotel, ISR Azeri Apart & Business Centre..................................78 Sultan Inn Boutique Hotel, Nuans Universal Servis LTD...........................................79 Ziya turizm LTD.........................................................................................................80 Business services & Consulting.........................................................................................82 Azerbaijan Information and Opinion Agency...............................................................82 Azerbaijan Investment Company.............................................................................83 Alyanz Group LTD......................................................................................................84 ASPI Consulting Engineers, Inc...................................................................................85 Public Union of Marketing Specialists NGO...............................................................86 Maxmedia Advertising Agency..................................................................................87 Novosti-Azerbaijan International Information Agency............................................88 SIAR-Baku Ltd.............................................................................................................89 SIAR Consulting Ltd.....................................................................................................90 SIAR Media Ltd............................................................................................................91 EMBASSIES OF THE AZERBAIJAN REPUBLIC.....................................................92

Note: All rights on reproduction and publication of the "Azerbaijan Export Catalogue" material belong to "Azerbaijan Marketing Society". Any infringement of the given rights is against the law. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, electrostatic, magnetic tape, mechanical, photocopying or otherwise, without prior permission in writing from Azerbaijan Marketing Society. Azerbaijan Export Catalogue ISBN: 978-9952-8122-0-6

Produced by: Azerbaijan Marketing Society Workgroup of the project: Project manager: Consultant: Project coordinator: Financial manager: Translator: Assistant: Designer: Fuad Aliyev Rahim Huseynov Kenan Aliyev Rashad Aliyev Nigar Shabiyeva Selcan Qurbanova Iman Huseynov

This project was funded, in part, through a Grant Agreement with the Eurasia Partnership Foundation and USAID. Main sponsor of the project: International Bank of Azerbaijan Republic Sponsor of the project: Azersun Holding Support: Azerbaijan Export and Investment Promotion Foundation

Publisher is not responsible for the content of published advertisement materials. REQUEST Azerbaijan Marketing Society asks all users of the CATALOGUE information to mention the CATALOGUE as a source of information when connecting with the companies and organizations. We will also appreciate to receive your remarks and suggestions through below indicated contacts of Azerbaijan Marketing Society.

Contacts: Azerbaijan Marketing Society 4, A.Maharramov Street, Baku, AZ1111, Azerbaijan Republic Phone/fax: (+994 12) 430 01 00 (+994 12) 430 57 57 E-mail: office@marketing.az Web-site: http://www.marketing.az

Welcome
It is my pleasure to welcome you and introduce the 2007-2008 edition of the "Azerbaijan Export Catalogue" (AEC). This is the first edition of this kind and a unique project which aims to introduce Azerbaijan's export potential to the outside world. Azerbaijan Marketing Society (AMS) is honored to be a team of enthusiasts who have planned and developed it. At present, Azerbaijan's economic growth is one of the highest in the world; thus, the potential of local companies is growing. The development of entrepreneurship which is one of main attributes of market economy has become one of main priorities of economic reforms, and a great success has been achieved in this direction. Azerbaijan's business sector is getting stronger and has become a driving force for country's development. As the result of these positive trends many Azerbaijani companies now produce high quality products and services that could compete regionally and internationally. However, these products and services are not promoted and marketed, while Azerbaijani brands are not known abroad. The AEC's mission is to provide the necessary marketing support to promote local companies' exports. Since AEC is based on the detailed study of country's export potential and selection of companies to represent Azerbaijani business sector, we are confident that the Catalogue will serve as a useful source of information for foreign companies interested in establishing successful economic relations with Azerbaijani companies. Thanks to the efforts of our team, AMS could achieve the goals of project and provide information on various companies operating in Azerbaijan that have potential and determination/will to export their products and services. And it is you, who will judge the quality of our work. This tremendous work by AMS would not be possible without the support of Azerbaijani Government, various organizations and companies. Having mentioned this, I would like to express our gratitude to Eurasia Partnership Foundation for partial financing of the project. We also express our special appreciation to the Main Sponsor of AEC - International Bank of Azerbaijan and sponsor - "Azersun Holding". Finally, we would like to acknowledge the organizational support of the Azerbaijani Export and Investment Promotion Foundation (AZPROMO) established by the Ministry of Economic Development of the Azerbaijan Republic. We believe that as the result of this project, business people around the world will get an opportunity to learn more about great economic potentials available in Azerbaijan through both printed and electronic versions of AEC. Taking into consideration the fact that AEC is planned to be implemented on a continuous basis, we look forward to further cooperation with current and future potential participants of the Catalogue. We really hope that this work will be our contribution to promoting Azerbaijan as well as marketing national brands and companies abroad. We would highly appreciate your comments and recommendations regarding the Catalogue in order to improve it in the future for achieving more effective results.

Sincerely, Rahim Huseynov Chairman of the Board Azerbaijan Marketing Society

Introduction to Azerbaijan
Geography
Azerbaijan is a country located in the South-western Asia, bordering the Caspian Sea, between Iran and Russia, with a small European portion north of the Caucasus range. The Republic of Azerbaijan covers an area of 86,600 square km (forests accounting for 11.5%, water basins-1.6%, sown area-50%, including 27% pastures, 36.9%-other lands). The country extends between longitude 44 and 52 east and latitude 38 and 42, with Baku situated at the latitude of 40. It borders with Iran (765 km) and Turkey (15 km) on the south, Russia on the north (390 km), Georgia-on the northwest (480 km) and Armenia on the west (1007 km). The semi-desert and dry, sub-tropic, temperate and frigid types of climate dominate in the country. It has been determined that Azerbaijan accounts for 9 out of 11 climate zones, existing in the world. The average annual temperatures equal 15 C on the plains while in high mountain regions they fall even below zero. Temperatures reach 25-27C in Aran regions and 5C in mountain regions in July. The absolute maximum is 43C, while the minimum is lower than -30C. The territory also includes Azerbaijani sector of the Caspian Sea. The highest peak of the territory of Azerbaijan is Bazarduzu (4466m).

Key Information
Official Name Head of State Head of Government National Legislature Capital Major Cities Autonomous Republics Districts Towns Districts of cities Settlements Rural settlements Economic regions Total Area Population Urban Rural Population density, per km2 Literacy rate (%) Official Language Date of Independence Currency Time Zone Republic of Azerbaijan President Prime Minister National Assembly Baku Ganja, Sumqayit, Mingachevir, Nakhchivan 1 (Nakhichevan AR) 66 69 13 245 4 10 86,600 square kilometers 8,532 thsd. (2007) 51.5% 48.5% 98 98.8% Azerbaijani (Azeri) October 18, 1991 Manat (AZN) GMT +4

Climate
Azerbaijan's climate varies from an arid subtropical and humid subtropical to a mountainous tundra climate. Average annual precipitation is between 200 to 300 mm (8 to 12 inches) in the lowlands and 300 to 900 mm (12 to 35.5 inches) in the highlands, although precipitation is distributed unevenly throughout the year. On the southern slopes of the Greater Caucasus average annual precipitation ranges from 1,000 to 1,300 mm (39 to 51 inches). Average temperature ranges on the lowlands are from 25 to 27 degrees Celsius (77 to 80 degrees Fahrenheit) in July to 0 to 3 degrees Celsius (32 to 37 degrees Fahrenheit) in January and between -3 to -6 degrees Celsius (27 to 21 degrees Fahrenheit) in January on the highlands.

Azerbaijani Diaspora
According to estimations, there are about 45 million Azeri living in 70 countries of the world, including Azerbaijan. Currently more than 150 social, cultural societies and organizations of Azerbaijan people are functioning in 30 countries of the world.

State Structure
According to the Constitution adopted on November 12, 1995 Azerbaijan is a democratic, constitutional, secular and unitary republic. The government of the Republic of Azerbaijan is organized on the base of principles of separation of power. According to the traditional concept of the separation of power, the Constitution determines that the executive power is held by the President of the Republic of Azerbaijan, the legislative power is carried out by the Parliament of the Republic of Azerbaijan - Milli Majlis, and the judicial power is held by the independent courts. A cabinet of ministers is a superior body of the Executive power of the President, it is subordinated to the President and accountable before him.

Judicial system
Juridical power of the Republic of Azerbaijan is represented by the Constitutional Court, Supreme Court, Court of Appeal, Economic Court.

Economic Overview
Following sharp decline in early 90's of the last century Azerbaijan achieved stable and rapid growth for 10 consecutive years starting from 1995. Now the country is one of the most rapidly recovering economies in the world. The GDP annual surplus in 2005 was 26.4%. A record growth in 2006 was at 34.5% (highest growth indicator globally for the year). It is highly probable that the country will be the global leader in economic growth in the year 2007 too. Nominal wages grew by 19% in the year 2006. Almost all other major economic indicators point out a similar growth pattern. Baku is the center of Azerbaijani economy and the home for most of Azerbaijan's 3,500 industrial enterprises, petroleum extraction and refining, metallurgy, aluminum processing, petrochemicals, chemical production are located in the city and its satellites. Consumer goods production consists of food processing, textiles, and wine production. Baku is also strong in services including banks, hotels & restaurants and logistics. Sumgayit (3rd largest city and Baku's satellite) production centers on chemical and petrochemical production, textiles, and aluminum smelting; Ganja is the home to an aluminum refinery and also specialises in textiles, machine building and metallurgy. The effect of the early 1990's economic decline is evident in agriculture - a critically important sector in Azerbaijan, employing about 35% of the labour force. Cotton is Azerbaijan's leading crop, together with grape (for wine production), fruits, vegetables, and tobacco. The country is the regional leader not only in the overall economic growth, but in direct foreign investment attraction as well. The 2005 UNCTAD Trade & Investment publication quotes Azerbaijan as the No 1 globally as per the FDI Inflow Performance Index. Azerbaijan is also in top 20 in equity capital attraction in absolute terms. This is mainly due to the favourable environment created in the lead sector of the economy i.e., the oil & gas industry. It opened for international business in 1994. Since then a number of international contracts for the oil and gas fields were signed with the principal oil businesses such as BP, Statoil, Total, Exxon, Itochu, Lukoil and others. Some useful macroeconomic indicators (2006): GDP 17.77 billion AZN and its annual growth 34.5%, GDP per capita 2,120 AZN and its annual growth 40.1%, inflation 11.4%, investments 7.27 billion AZN and its annual growth 8.0%, domestic investments 30.9%, foreign investments 3.3%, weighted exchange rate for 1 USD 0.87 AZN. The "jewel in the crown" of the economy is the Baku-Tbilisi-Ceyhan oil pipeline connecting the Caspian offshore fields with the Mediterranean Turkish port. It is taking crude oil from the ACG (Azeri, Chirag, Guneshli) project led by British Petroleum. The pipeline is ready and being filled with crude oil to be sold at the Turkish port of Jeyhan. The transport capacity of the pipe is over 1 million barrel a day. The Azerbaijani government is committed to constructing a network of oil & gas pipelines throughout the region to promote international cooperation and trade. The oil & gas projects are to bring substantial cash inflow into the country from the year 2006 onwards. Notwithstanding this apparently bright prospective, the government of the country took a number of steps aimed at the reduction of the country's dependency on the oil revenues and evasion of the so-called "Dutch disease". The State Oil Fund, a transparent state agency under public scrutiny is accumulating the oil revenues from the international contracts thus preventing possible Azerbaijani Manat deflation which would potentially be damaging for local manufacturers and exporters as well as other possible negative economic trends. The regional development and non-oil economy development strategies aimed at the diversification of the economy are also prioritised. The main source countries of FDI for Azerbaijan are currently the United States, UK and Turkey. The cumulative FDI in the year 2006 amounted for circa 4,500 mln USD. The country received even large FDI stock in 2005. Foreign direct investments outside the oil & gas sector currently are mainly in construction, services, transport, telecom and manufacturing. Azerbaijan is consistently expanding its international trade capacities as well. This was achieved mainly due to two factors: export of ever increasing amounts of Azerbaijani crude and oil products and the expanding internal market which resulted in rise in import of manufacturing equipment and consumer goods in the country. At the moment EU is the main export destination for Azerbaijan, with Russia and CIS countries remaining the main source of import. The country's domestic product is largely contributed by private business. Its share constituted 81% of GDP in 2006. This is the result of several stages of privatisation of the formerly state owned property and development of new privately owned industries. However, a number of key segments of the economy are still state controlled. Many of them are now "open for privatisation" by the Presidential Decrees which creates additional investment opportunities. The government uses several methods of privatisation with the most popular being the acquisition by a "strategic investor" or via "investment tender". Azerbaijan has one of the lowest external debt / GDP ratios in the region and a sound financial system. The National Bank has been pursuing the "stable manat" (local currency) policy consistently for last 10 years with the annual inflation not exceeding one digit figure. The fiscal system is further characterised by a very low deficit of state budget not exceeding 1% of GDP in 2006.

Economic Strength: GDP (bln AZN) Anual growth (%) GDP per capita (AZN) Share in GDP (bln AZN) - industry - agriculture - construction - transport and communication - others Weighted annual GDP growth (last 5 years, %) Revenue of state budget (mln AZN) Weighted average budget revenue growth (%) Expenditures of state budget (mln AZN) Deficit of state budget (mln AZN) (% of GDP) Investments (mln AZN) - Foreign investments (mln AZN) - Domestic investments (mln AZN) - Foreign Investments in the energy sector (mln USD) - Foreign Direct Investments (mln USD) Annual Investments growth (%) Inflation (%) Actual charter capital of banks (mln AZN) External debt (bln USD) (% of GDP) Deposit and Savings (thsd AZN) Official International reserves (mln USD)

2005 11.9 26.4 1,436 5.7 0.9 1.1 0.9 3.0 15.6 2,055 36.5 2,140 -85.5 0.7

2006 17.7 34.5 2,120 10.3 1.3 1.3 1.3 3.3 17.9 3,881 88.8 3,789 91.5 0.5

2007 25.2 25.0 2,981 14.9 1.5 1.8 1.5 3.5 21.1 6,006 55.3 6,059 -52.9 0.2

5,424 3,644 1,780 3,799 4,475 11.9 109.6 259.6 1,612 12.6 1,288 2,076

7,270 4,514 2,756 3,422 4,469 8.0 108.3 400 1,972 9.9 2,129 3,953

6,775 2,737 4,038 3,456 3,595 17.8 116.4 603.3 2,441 8.2 3,183 4,015

Foreign Trade
Azerbaijan has started negotiations with WTO on accession to the organisation. The government has undertaken a number of steps to liberalise foreign trade. As of the end of 2006, the weighted average import tariff in Azerbaijan was 5.8 % i.e. significantly below the international average. Import and export is one of the most rapidly developing business segment in Azerbaijan. The average annual growth in foreign trade in recent years is approximately 15%. Azerbaijan is developing trade relations with a number of countries. In 2006, there were trade operations with more than 140 partners. The European Union remained the major destination for export of Azerbaijani goods. Russia and CIS are the major importers. The main export commodities are oil and petrochemicals, a/c products. The import includes machinery and luxury goods, constructions materials etc.

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External trade turnover indicators of Azerbaijan 2007 (thsd. US dollars)

Countries
Total Countries with transition economy CIS countries Countries of Central and Eastern Europe Countries with developed market economy Countries of Western Europe of which: EU countries Other countries of Western Europe Other countries with Developed market economy Developing countries Countries with transition and centrally planned economy Other developing countries

External trade turnover

11766882.2 3056249.7 3003454.4 52795.3 4674001.5 3439729.6

Import
5708573.5 1902822.6 1901089 1733.6 2362890.4 1731566.5

Export
6058308.7 1153427.1 1102365.4 51061.7 2311111.1 1708163.1

Balance
349735.2 -749395.5 -798723.6 49328.1 -51779.3 -23403.4

3347498.9 92230.7 1234271.9 4036631 306600.2 3730030.8

1673394.5 58172 631323.9 1442860.5 279132.7 1163727.8

1674104.4 34058.7 602948 2593770.5 27467.5 2566303

709.9 -24113.3 -28375.9 1150910 -251665.2 1402575.2

Azerbaijan's main trading partners in 2007 (thsd. US dollars)

Countries
Total Turkey Russia Italy Iran USA Ukraine Germany United Kingdom Georgia Israel Indonezia France Kazakhstan Japan China India Republic of Korea Brazilia Finland Greece Malta Chili Netherlands Romania Belarus Other countries

Turnover
11766882.2 1680819.6 1529756.5 1081761.3 539966.8 496600.3 494742.3 490724.2 413989.5 406711.3 400688.3 396304 362565.1 349888.5 294955.7 288894.5 216923.5 216269.8 186683.1 151566.6 145857.8 120111.8 114710.5 108078.9 88425.9 79264.8 1110621.6

%
100 14.3 13 9.2 4.6 4.2 4.2 4.2 3.5 3.5 3.4 3.4 3.1 3 2.5 2.5 1.8 1.8 1.6 1.3 1.2 1 1 0.9 0.8 0.7 9.4

Import
5708573.5 624496.6 1002704.2 140832.8 105235.7 268404.2 465554.2 470993 410906.1 62930.8 30842.5 6011.3 103722.4 222294.2 294954.6 278790.9 71975.6 91498.7 117508.2 151485.2 30780.9 475.1 81.4 100726.8 3024.5 76940.5 575403.1

%
100 10.9 17.6 2.5 1.8 4.7 8.2 8.3 7.2 1.1 0.5 0.1 1.8 3.9 5.2 4.9 1.3 1.6 2.1 2.7 0.5 0 0 1.8 0.1 1.3 10.1

Export
6058308.7 1056323 527052.3 940928.5 434731.1 228196.1 29188.1 19731.2 3083.4 343780.5 369845.8 390292.7 258842.7 127594.3 1.1 10103.6 144947.9 124771.1 69174.9 81.4 115076.9 119636.7 114629.1 7352.1 85401.4 2324.3 535218.5

%
100 17.4 8.7 15.5 7.2 3.8 0.5 0.3 0.1 5.7 6.1 6.4 4.3 2.1 0 0.2 2.4 2.1 1.1 0 1.9 2 1.9 0.1 1.4 0 8.8

Trade balance
349735.2 431826.4 -475651.9 800095.7 329495.4 -40208.1 -436366.1 -451261.8 -407822.7 280849.7 339003.3 384281.4 155120.3 -94699.9 -294953.5 -268687.3 72972.3 33272.4 -48333.3 -151403.8 84296 119161.6 114547.7 -93374.7 82376.9 -74616.2 -40184.6

Azerbaijan's Competitiveness
According to the Global Competitiveness Report 2007-2008 conducted by the World Economic Forum, Azerbaijan occupies 66th place on Growth Competitiveness and 78th place on Business Competitiveness. The report covers 131 countries including the CIS countries, except Turkmenistan and Belarus. The Report is based on two indices: Global Competitiveness Index (GCI) - institutions, infrastructure, macroeconomy, health and primary education, higher education and training, market efficiency, technological readiness, business sophistication, innovation; Business Competitiveness Index (BCI) -

12

sophistication of company operations and strategy; quality of the national business environment. Improving the state of economy by considering current problems and conducting effective market reforms by the government will drive Azerbaijan towards development, at the same time it will further increase its rating.

Global Competitiveness Index

Country Russia Kazakhstan Uzbekistan Azerbaijan Ukraine Georgia Armenia Moldova Tajikistan Kyrgyzstan Rank in CIS 1 2 3 4 5 6 7 8 9 10 Rank in the world 58 61 62 66 75 90 93 97 117 119

Business Competitiveness Index

Country Russia Kazakhstan Azerbaijan Ukraine Moldova Georgia Tajikistan Armenia Kyrgyzstan Business Climate
The Republic of Azerbaijan is the leading FDI destination in the region. In the last decade the total FDI stock in Azerbaijan exceeded 25 billion USD. Azerbaijan has achieved gradual improvement in the overall legal framework for the investment activities in the country for last several years with a number of practical regulations liberalising conduct of business and reducing red tape. It carried out a revolutionary legal reform several years ago with adoption of new Tax code, Civil and Civil Procedure Codes, Land Code, Labour Code, Customs Code, Foreign Exchange Law as well as Law on International Arbitration made the system significantly more transparent and friendly for local and foreign businesses. The Government managed to open up economy for the international business and introduce investments friendly laws and regulations. Generally, the Azerbaijani legislation establishes a very open national regime for FDI (which means that FDI are welcome in any sectors where the local investor is allowed to invest). Such a regime also applies to the privatisation of the state owned property. There are no special permissions or specific registration requirements for foreign investment. The licensing was substantially simplified with foreign investors' interests in mind. As of now a foreign investor in Azerbaijan enjoys a non-discrimination regime. The major economic policies are FDI element inclusive, for example, the Government lifted limitations for foreign participation in the banking sector. Privatisation process is open for foreign investors as well. Any FDI restrictions are strictly limited to national security matters. The major factors that turned Azerbaijan into a leading FDI destination and provide sound justification for doing business here are: - Abundant resources Azerbaijan is rich in mineral and climatic resources. The Caspian Sea oil & gas reserves are one of the major deposits globally. Azerbaijani proper has also substantial explored deposits of pre-

Rank in CIS 1 2 3 4 5 6 7 8 9

Rank in the world 71 72 78 81 99 100 104 108 116

14

cious metals (including gold and silver), ferrous and non-ferrous metals, various construction raw materials deposits etc. One of the major resources the country has is its natural diversity. Despite relatively small size, the Azerbaijani territory due to complex terrain and geography has a number of distinct climatic zones ranging from humid subtropical climate to semi-arctic. This creates unique opportunities in agriculture and tourism. - Favourable location serves as the natural bridge between Europe and Central Asia as well as it is the most convenient route from the north-east of Europe to the Middle East. The country is the logistics hub for the Caspian region. Excellent infrastructure of Baku (including largest regional sea and air terminal) is the best choice for any business entering the markets of the Caspian Sea region. - Competitive cost of production Azerbaijan has long lasting industrial and trade traditions. The industrial revolution has taken place here in the late XIX century due to expanding and advanced oil production and processing sector. Further industrial development led to growing R&D base. A large R&D centre, Academy of Sciences with circa 7,000 research studies, exists in Azerbaijan in parallel with a number of universities and colleges. The country is rich in engineering skills yet the wages are still very competitive. Azerbaijani government's policies in respect of utilities tariffs are manufacturer friendly. - FDI friendly laws Azerbaijani legislation is evolving in accordance with the strategic goal of the Government which implements the "welcoming policy" for foreign businesses. Foreign investments are protected by certain guarantees provided by the government and legislation, including: I. Guarantee against deterioration of legislation - the general rule is that legislation in force at time of making an investment continues to apply for subsequent 10 years; II. Guarantee against nationalisation and requisition - foreign investments are not subject to nationalisation (except in cases of harm to population and state) and requisition (except in cases of natural disaster, epidemics, accidents, emergencies). Foreign investors are guaranteed immediate, adequate and effective compensation in case of nationalisation and requisition. Compensation should be commensurate to the amount of the investment at the time of nationalisation or requisition, payable in foreign currency and may be freely transferred abroad; III. Guarantee of compensation of damages - foreign investors are entitled to compensation of damages, including lost profits, incurred as a result of unlawful acts of state authorities; IV. Guarantee of repatriation of profits - foreign investors are entitled to repatriate profits derived from foreign investments subject to payment of applicable taxes and duties. The new Foreign Investment Bill currently under discussion in the Parliament is expected to reinforce the above guarantees as well as to introduce new legal instruments to protect foreign businesses. The Government will continue the policy of support to industries with priority given for privatelyheld enterprises including foreign-owned enterprises. There are no general trade barriers or prohibitions for import of any types of goods in Azerbaijan and a minimum non trade barriers level for international trade exists. The country is not a member of WTO yet, though the Government started the accession process. Exported goods are not subject to any customs duties and restrictions. Regulations exist for the export of strategic commodities such as electricity, petrol, cotton and nonferrous metals. A foreign investor is particularly welcome to enter the Azerbaijani market with a so called green field project. This is particularly attractive bearing in mind the regional markets and the geographic location of the country as the transportation hub for the Caspian region and Central Asia. The Government has introduced a number of initiatives recently aimed at the improvement of dialogue with the business community. Apart from the standard methods of communication with the government via its ministries and agencies, foreign investors can effectively deliver messages via such structures as the Azerbaijan Export & Investment Promotion Foundation (AZPROMO) aimed at the promotion of export & investment mainly in the non-oil sector (for more information please refer to www. azpromo.org). One more governmental initiative is the Azerbaijani Investment Company JSC, a stateowned joint-stock company, established by the Presidential Decree of 30th March, 2006 with charter capital of AZN 90,000,000. The main objective of the AIC is to implement fixed-term equity investments in the private sector and to assist FDI in the non oil sector in Azerbaijan. Steps aimed at simplifying the process of business start-ups were undertaken recently. Azerbaijani legislation is permissive in respect of expatriate staff employment.

16

Other substantial comparative advantages of doing business in Azerbaijan include such important factors as macroeconomic and political stability in addition to Baku's reputation as being the only metropolitan capital on the Caspian Sea. Pursuant to the 1992 Foreign Investment Law in force, foreign investment, may take any of the following forms: - Participation in enterprises and organisations established with legal entities and citizens of the Republic of Azerbaijan on a shared basis; - Establishment of enterprises wholly-owned by foreign investors; - Purchase of enterprises, property, buildings, structures, shares in enterprises, other shares, bonds, securities, and certain other property, which, under the law of the Republic of Azerbaijan, may be owned by foreign investors; - Acquisition of rights to use land and other natural resources, and also other proprietary rights; and - Conclusion of agreements with legal entities and citizens of the Republic of Azerbaijan providing for other forms of foreign investments. Enterprises with foreign investment include joint ventures, enterprises wholly-owned by foreign investors, and representations (offices and branches) of foreign legal entities.

Bilateral Investment Treaties.

Azerbaijan has 34 bilateral treaties on the mutual protection of investments. Several more treaties are currently being negotiated. Azerbaijan is also a party to a number of multilateral treaties concerning foreign investment.

Taxation
According to the Tax Code of the Azerbaijan Republic the taxes shall not be of discriminatory nature and shall not be established based on the political, ideological, ethnic, confessional or other existing differences between taxpayers.

Trade Liberalization
Azerbaijan has an observer status at WTO. Import of alcohol, alcoholic drinks, and tobacco as well as food products of animal origin are subject to licensing. Imports of large communication equipment must be authorized by the Ministry of Communications. Apart from commodities subject to export restriction, exports are not subject to licensing.

Main Features of Customs Regulations Import Tariffs

Today, imports are subjects to ad valorem duties at uniform rates at 0.5%, 3%, 5% and 15% of declared customs value. Some goods are granted duty free entry. The average tariff was 7.35% in 2000. In order to avoid under-invoicing, some products are subject to specific tariffs, which are called as a fixed amount per unit of quantity or volume. They are set at levels consistent with a maximum ad valorem tariff of 15%. In the context of cooperation with the IMF, the government has brought the average import tax to 6.5% and significantly reduced the use of special tariffs. Importers are also required to pay a minimum custom processing fee of about 4.5 USD or equal to 0.015 percent of the declared custom value, if larger. This fee, which is payable independently of whether the goods are exempt from customs duties or VAT, is not applied at all port facilities in the country.

Tariff Exemptions
According to Article 34 of the law on "Customs Tariff", a duty free import regime applies to the following: medical equipment and medicines, humanitarian goods and some products for military use, property contributed by foreign investors to the equity capital of joint ventures and goods for official use by diplomatic missions and international organizations. Moreover, customs duties are not applied on goods imported under bilateral free trade treaties. Special provisions for imports by companies working in the oil sector are an integral part of Product Sharing Agreements between the Government and respected oil companies. Goods, tools, equipment, supplies and services used under Product Sharing Agreements are duty free as well as exempt from VAT. This regime is also extended to foreign firms registered in Azerbaijan and providing services to contractor parties as well as respected foreign sub-contractors. There are no other duty free-exemptions from custom duties for imports used as factors of productions for export products. This is one of serious obstacles for exports by the non-oil sector, since many components need to be imported.

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Import Quotas. Prohibitions

There are import quotas on ethyl alcohol, alcohol beverages and tobacco products.

Exports tariffs
In Azerbaijan export tariffs are applied for the "non-precious metals and products thereof" (especially, Group 72 (ferrous metals) and Croup 76 (aluminium and articles thereof). In these groups tariffs are applied to about 75 product items (51 of them from Group 72; 9 - Group 76; 15 - Groups 78, 79 and 80). Exports tariffs are estimated as 5 USD per tone for ferrous metals, 15 USD per ton for aluminium and articles thereof, lead and articles thereof, zinc and articles thereof, tin and articles thereof.

Export Restrictions
Export of works of arts, weapons, explosives, radioactive materials and wastes, narcotics, and psychotic drugs are prohibited. In addition, exports of strategic commodities produced in Azerbaijan are restricted; such commodities include: petroleum products, cotton, electric power and non/ferrous metals.

Participation in International Organizations

Azerbaijan is a member of the following organizations: ADB, BSEC, CE, CIS, EAPC, EBRD, ECO, FAO, GCTU, GUAM, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM (observer), OAS (observer), OIC, OPCW, OSCE, PFP, SECI (observer), UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer). Partnership and Cooperation Agreement concluded between the European Union and Azerbaijan entered into force in July 1999. European Neighborhood Policy (ENP) Action Plan for Azerbaijan was adopted on 14 November, 2006 and offers Azerbaijan the prospect of increasingly close relationships with the EU, involving a significant degree of economic integration and deepening political cooperation.

Important web-sites
President of the Republic of Azerbaijan - Ilham Aliyev: www.president.az Cabinet of the Ministers of the Republic of Azerbaijan: www.cabmin.gov.az National Assembly of the Republic of Azerbaijan: www.meclis.gov.az Constitutional Court of the Republic of Azerbaijan: www.constcourt.gov.az Central Electoral Commission of the Republic of Azerbaijan: www.cec.gov.az Ministry of Economic Development: www.economy.gov.az and www.sahibkar.biz Ministry of Communications and Information Technology: www.mincom.gov.az Ministry of Foreign Affairs: www.mfa.gov.az Ministry of Finance: www.maliyye.gov.az Ministry of Ecology and Natural Resources: www.eco.gov.az Ministry of Taxes: www.taxes.gov.az Ministry of Labour an Social Protection of Population: www.mlspp.gov.az Ministry of Education: www.edu.az Ministry of Health: www.sehiyye.gov.az Ministry of Transport: www.mintrans.az Ministry of Justice: www.justuce.gov.az State Customs Committee: www.az-customs.net State Statistical Committee: www.azstat.org State Committee for Securities under the Auspices of the President of AR: www.scs.gov.az State Committee on Affairs with Azerbaijanis Living in the Foreign Countries: www.diaspora.az National Academy of Sciences: www.science.az National Bank: www.nba.az State Agency on Standartisation, Metrology and Patents of the Republic of Azerbaijan: www.azstand.gov.az Azerbaijan Export & Investment Promotion Foundation: www.azpromo.org Azerbaijan Investment Company: www.aic.az Azerbaijan Marketing Society: www.marketing.az

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Sources: Azerbaijan Marketing Society AZPROMO State Statistics Committee

Baku oil and food industry

Registration Date: 27.12.1997 Field of Activity: Production of oil products Products and services for export: a) Ana Bala Ghee, Diplomat Ghee, Maslo Toplenoe Ghee, Teksun New Ghee b) Blendo Chichek Oil, Final New Aychichek, Final New Misirozu Yagi, Solnechnoe Sunflower Oil, Vega Aychichek, Zolotoe Solnishko Aychichek, Zolotoe Solnishko Misirozu Oil. c) Final Zeytun Riviera, Final Zeytun Naturel Sizma, Final Zeytun Grafin, Zeytun Baglari Olive Oil d) Pasha Margarin

Company Address
5, 5th Kondelen str., Baku, Azerbaijan Tel.: (+994 12) 567 50 23 Fax: (+994 12) 496 69 46 E-mail: info@azersun.com Web-site: www.azersun.com

Maximum and minimum volume of each product: Thin oils - per month 3450 t, per year 37950 t Thick oils - per month 6000 t, per year 66000 t Documents/Certificates affirming the conformity of product or service: 1) Issued by Ministry of Health of Republic of Azerbaijan: - Sanitary certificates; Conformance certificates 2) TSE ISO 9001-2000 Quality certificates Preferable way of transportation: Railway, Waterway, Motor road. Conditions of delivery: Any Agencies in other countries: Russia, Georgia, Kazakhstan Company experience on export operations: Russia, Georgia, Kazakhstan

25

BISMAK Food Industry Complex LLC

Registration Date: 06.04.2004 Field of Activity: Pastry, confectionery and sponge-cake proCompany Address duction Industrial Zone, Block 76, Sumgayit, Products and services for export: AZ5000, Azerbaijan a) Sponge-cake products b) Macaroni foods Tel.: (+994 12) 447 00 60 c) Chocolate products Fax: (+994 12) 448 00 89 d) Flour (packaged) E-mail: info@bismak.az Maximum and minimum volume of each product: Web-site: www.bismak.az Macaroni - 1000 ton (monthly) Contact person(s): Mr. Mahammadali L. Ismayilov Packaged flour - 300 ton (monthly) Sponge-cake - 500 ton (monthly) Chocolate - 220 ton (monthly) Characteristics and description of each product group: Weight of Sponge-cake products (in packaged form) - from 100 gr to 5 kg Macaroni foods (in packaged form) - from 350 gr to 5 kg Flour foods (in packaged form) - 1 and 2-kg packages Documents/Certificates affirming the conformity of product or service: According to legislation: 1) Quality certificate 2) Certificate of conformity Preferable way of transportation: Railway, Waterway, Motor road Conditions of delivery: FOB, CIF, FCA Agencies in other countries: Georgia Company experience on export operations: Georgia, Russia

26

Caucasus Cannery OJSC

Registration Date: 12.09.2003 Field of Activity: Production of canned products Products and services for export: a) Tomato paste b) Canned Beef Company Address c) Canned green peas Baku-Khachmaz road, 157th km, d) Canned prepared food Khachmaz, Azerbaijan e) Jams Tel./Fax: (+994 12) 496 69 46 f) Pickles E-mail: info@azersun.com g) Other canned food Web-site: www.azersun.com Maximum and minimum volume of each product: Fruit and vegetable products - 30-32 000 t per year Meat products - 6 000 t per year Characteristics and description of each product group: Tomato pastes - 340, 370, 390, 720, 750-gr glass pots Canned Beef - 250, 338, 370, 425 and 525, 700-gr iron containers. Canned prepared food - 325 gr Preserves - 440 gr and 2.5 kg glass pots, 700 gr glass pot, 1 kg plastic and 5 kg pasteboard box Other canned foods - 370, 720 gr glass pots Documents/Certificates affirming the conformity of product or service with international standarts: TS-ISO-EN9001-2000 Preferable way of transportation: Railway, Waterway, Motor road Conditions of delivery: FOB, CIF, DDU, CPT, EXW, FCA Agencies in other countries: Russia, Georgia, Kazakhstan Company experience on export operations: Russia, Georgia, Kazakhstan

28

Chudo Pechka LLC

Field of Activity: Production/Commerce/Service Production and sale of the confectionery and agricultural products

Company Address
Products and services for export: a) Confectionery and food products b) Agricultural products
36, J.Khandan str., Baku, Azerbaijan Tel.: (+994 12) 436 32 55/56/57 Fax: (+994 12) 561 51 06 E-mail: ilham@chudopechka.com Web-site: www.chudopechka.com Contact person(s): Mr. Ilham Suleymanli

Characteristics of product(s)/service(s): a) Accordance certificate b) Sanitary certificate c) All other norms and standards obtained

Preferable way of transportation: Railway, Waterway, Motor road

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ELFEM Ltd
Registration Date: 19.11.2003

Company Address
7, A. Rzayev str., Amirjan settlement, Baku, Azerbaijan Tel.: (+994 12) 447 35 08; 480 35 08 Fax: (+994 12) 448 35 08 E-mail: elfemltd@azdata.net Web-site: www.elfem.az Contact person(s): Mr. Eldar Mammadov

Field of Activity: Agriculture products manufacturing Products and services for export: Hazelnut products Characteristics and description of each product group: 1) Pair of sacks 50 kg and 80 kg 2) Free packages 12.5-25 kg

Documents/Certificates affirming the conformity of product or service: a) AZS 077 -2003 b) TS-3075, TS-1917 c) GOST 16835-81 d) Hygienic and conformity certificates Preferable way of transportation: Motor road Conditions of delivery: CPT, EXW, FCA Export countries: European countries, Russia, CIS

31

Ganja Sharab - 2 OJSC

Registration Date: 09.01.2003 Field of Activity: Alcoholic beverages production Products and services for export: Natural grape wine in wide assortment Characteristics of product(s)/service(s): AZS certificates, yearly

Company Address
3, Kenar str., Ganja, AZ 2000, Azerbaijan Tel.: (+994 22) 56 04 00 Fax: (+994 22) 56 04 00 E-mail: office@wines.ganja.az Web-site: www.wines. az Contact person(s): Mr. Saleh Babazade

Characteristics and description of each product group: The company specializes on manufacture of natural grape wines in wide assortment, vodka and cognac products of the refined quality. Documents/Certificates affirming the conformity of product or service with international standarts: ISO 9001:2000 and HACCP Preferable way of transportation: Railway Conditions of delivery: CPT, FCA Agencies in other countries: The exclusive distributor Joint Stock Company Ganja Sharab-2 in Russia is LLC "Paritet". Contact phones: (+7 495) 440 05 95/440 07 55

32

Company experience on export operations: Russian Federation, 8-year experience

Gunel-3 MC
Registration Date: 27.06.1994

Company Address
2096, Darnagul, Baku, Azerbaijan Tel.: (+994 12) 514 33 94 Fax: (+994 12) 514 33 95 E-mail: Gunel3@mail.ru Web-site: www.Gunel-3.az Contact person(s): Mr. Vakil Suleymanov

Field of Activity: Production of canned fruits and vegetables and natural juices Products and services for export: a) Pomegranate and Narsharab b) Sauce c) Jam d) Compote

Characteristics of product(s)/service(s): a) Hygienic b) Conformity c) FITO-sanitary Maximum and minimum volume of each product: By demand Characteristics and description of each product group: Pomegranate: 0.20/ 0.25/ 0.33/ 0.50/ 0.75/ 1.0 Narsharab: 0.10/ 0.20/ 0.25/ 0.30 Jam: 0.30/ 0.35 Sauce: 0.30 Preferable way of transportation: Railway, Motor road Conditions of delivery: Any

33

KARAT HOLDINQ LLC

Registration Date: 14.05.1994

Field of Activity: Flour products production, production by polypropylene sacks, poultry factory

Company Address
201, M.Mukhtarov str., Baku, Azerbaijan Tel.: (+994 12) 436 86 66 Fax: (+994 12) 436 86 60 E-mail: office@karat.az Contact person(s): Mr. Asabil Gasimov

Products and services for export: a) Macaroni foods b) Hen's egg c) Polypropylene sacks d) Bran

Preferable way of transportation: Railway, Motor road

Conditions of delivery: FOB, CIF, DDU, CPT, EXW, FCA

Company experience on export operations: Russia, Turkey, Iran, Kazakhstan, Ukraine, Georgia

34

Milk-Pro LLC
Registration Date: 04.06.1996 Field of Activity: Production and sale of consumer goods

Company Address
4, H.Salmani str., Baku, Azerbaijan Tel.: (+994 12) 490 45 54 Fax: (+994 12) 490 12 62 E-mail: office@mpro.az Web-site: www.mpro.az Contact person(s): Mr. Tahir Mammadov

Products and services for export: a) Fruit juice and nectars (pomegranate, quince, feijoa, peach, apricot, mango, cherry, apple) b) Fruit concentrates (pomegranate, apple, quince, watermelon, melon) c) Dairy products (milk, white cheese) Characteristics of product(s)/service(s): a) Certificate of quality b) Hygienic certificate

Characteristics and description of each product group: a) Natural fruit juice - Tetra Pak (1 liter and 0.2 liter. Box: 12 packs. Net weight: 13 kg and 5.7 kg respectively. b) Natural fruit juice - 0.3 liter glass bottle. Box: 12 bottles. Net weight: 7.6 kg. c) Fruit juice concentrate - aseptic iron barrel. Net weight: 220 kg Documents/Certificates affirming the conformity of product or service: ISO 9001:2000; HACCP Codex Alimmtarius Preferable way of transportation: Railway, Motor road Conditions of delivery: FCA Agencies in other countries: "Soyuz - M-Pro", Russian Federation; "Ograe", Russian Federation; "Haljas", Baltic countries; "Radex", Israel Company experience on export operations: Russia, Moldova, Belarus, Israel, Australia, New Zealand

35

Miri Pak Food Industry Complex

Registration Date: 1997 Field of Activity: Processing and sale of agricultural products Products and services for export: a) Pomegranate juice b) Narsharab c) Concentrated pomegranate d) Jam Maximum and minimum volume of each product: 3 million bottles per year (juices and jam)

Company Address
69, A.Huzeynzade str., Yasamal district, Baku, Azerbaijan Tel.: (+994 12) 494 48 72 Fax: (+994 12) 448 16 08 E-mail: miripak@rambler.ru Contact person(s): Azizov Gulagha

Characteristics and description of each product group: 1 litre, 0.75 litre, 0.33 litre, 0.25 litre bottles 0.46 litre pots Documents/Certificates affirming the conformity of product or service with international standarts: EuroQuality, Superior Quality - 2004 (American Consumer Testing Institute), Best Value Gold medal - 2004 (American Consumer Testing Institute) Best Taste Gold medal - 2004 (American Consumer Testing Institute), Best Value Gold medal - 2004 (American Family Testing Institute) Preferable way of transportation: Railway, Waterway, Motor road, Airway Conditions of delivery: FOB, CIF, DDU, CPT, EXW, FCA

36

Company experience on export operations: USA, Canada, EU, CIS, Japan, South Korea

37

Sadiq LLC
Registration Date: 19.01.2000

Field of Activity: Production of corbonated and non-corbonated water

Company Address
40, Natavan str., Qakh, Azerbaijan

Products and services for export: a) Alsu 20 litre plastic bottle b) Alsu 2 litre plastic bottle c) Alsu 1,5 litre plastic bottle d) Alsu 1 litre plastic bottle e) Alsu 0,5 litre plastic bottle

Tel.: (+994 144) 5 41 81 Fax: (+994 144) 5 41 81 Contact person(s): Mr. Ilkin Gurbanov

Preferable way of transportation: Railway, Waterway, Motor road

Conditions of delivery: FOB, CIF, DDU, CPT, EXW, FCA

38

Babek Sirab OSJC

Registration Date (day, month, year): 15.06.2003 Field of Activity: Mineral Water Production and Sale Company Address Products and services for export: Sirab village, Babek disrtrict, a) Sirab 0.33 litre glass bottle Nakhchivan AR, Azerbaijan b) Sirab 0.5 litre glass bottle c) Sirab 0.25 litre plastic bottle Tel.: (+994 136) 41 81 13, 45 91 21 d) Sirab 0.5 litre plastic bottle Fax: (+994 136) 45 85 01 e) Sirab 1 litre plastic bottle E-mail: info@sirab.az f) Sirab 1.5 litre plastic bottle Web-site: www.sirab.az Maximum and minimum volume of each product: Contact person(s): Mr. Namiq Novruzov Sirab 0.33 litre glass bottle (0.33 litre 0.3%) Sirab 0.5 litre glass bottle (0.5 litre 0.3%) Sirab 0.25 litre plastic bottle (0.25 litre 0.3%) Sirab 0.5 litre plastic bottle (0.5 litre 0.3%) Sirab 1 litre plastic bottle (1 litre 0.3%) Sirab 1.5 litre plastic bottle (1.5 litre 0.3%) Characteristics and description of each product group: Sirab 0.33 litre glass bottle-quantity 24 pieces, length - 37 cm, width- 24.5 cm, height- 20 cm, weight-13 kq Sirab 0.5 litre glass bottle-quantity 20 pieces, length - 35 cm, width-29 cm, height- 24 cm, weight-16 kq Sirab 0.25 litre plastic bottle-quantity 18 pieces, length - 32 cm, width-16 cm, height- 19 cm, weight-4.9 kq Sirab 0.5 litre plastic bottle-quantity 15 pieces, length - 31.5 cm, width-19 cm, height- 14.5 cm, weight-8.1 kq Sirab 1 litre plastic bottle-quantity 12 pieces, length - 30 cm, width-22 cm, height- 30.5 cm, weight-13 kq Sirab 1.5 litre plastic bottle- quantity 6 pieces, length - 26 cm, width-17.5 cm, height- 33 cm, weight-9.3 kq Preferable way of transportation: Railway, Waterway, Motor road Conditions of delivery: FCA Company experience on export operations: Turkey Republic, Russian Federation, Kazakhstan Republic, Islamic Republic of Iran

39

Sun Tea Azerbaijan OJSC

Registration Date: 1996 Field of Activity: Production and packaging of tea products Products and services for export: Company Address a) Azerchay, Azerchay Teabag b) Maryam Broken, Maryam Broken Teabag, Maryam Bergamot, 12, D. Bunyadov str., Bakikhanov Maryam original , Maryam Teabag, Maryam Super Siyah settlement, Baku, Azerbaijan c) Purrengi Kek, Purrengi AR Tel.: (+994 12) 425 15 81 d) Final Pekoe, Final Teabag (fruit and flavoured), Final FBOP Fax: (+994 12) 425 39 31 Documents/Certificates affirming the conformity of E-mail: info@azersun.com product or service with international standarts: Web-site: www.azersun.com a) Hygienic certificate No:07-1404 for black velvety teas issued by Hygiene and Epidemiology Centre, Ministry of Health of Republic of Azerbaijan b) AZS Conformance Certificate No:AZ031:01.02.00530.07 for "Azerchay", "Maryam", "Purrengi", "Final Tea Bag", "Final" black velvety teas issued by State Agency for Standardization, Meteorology and Patent of Republic of Azerbaijan c) K-Q TSE-ISO-EN 9001:2000 d) G-F TSE-ISO-EN 22000 e) TSE ISG-OHSAS TS 18001 f) -E TSE-ISO-EN 14001 Preferable way of transportation: Railway, Motor road Conditions of delivery: CIF, CPT Agencies in other countries: Russia, Georgia, Kazakhstan Company experience on export operations: Russia, Georgia, Kazakhstan

40

Shirin LLC
Registration Date: 21.10.2005 Field of Activity: Food industry, confectionery and pastry Products and services for export: a) Weight chocolate candies b) Packed chocolate candies c) Caramel Characteristics of product(s)/service(s): Tare - 0.154 Net weight - 13-14 g Tare weight - 2.650 g

Company Address
17, A B.Bunyatov str., Bakikhanov settlement, Baku, Azerbaijan Tel.: (+994 12) 425 16 07/69 Fax: (+994 12) 425 16 69/53 E-mail: shirin@shirin.az Web-site: www.shirin.az Contact person(s): Mr. Aliyev T.M.

Documents/Certificates affirming the conformity of product or service with international standarts: a) Conformance certificate b) Hygienic certificate c) RST -State Standard of Russian Certification System Preferable way of transportation: Railway, Motor road Conditions of delivery: CPT Company experience on export operations: Russia, Kazakhstan, Israel, USA

42

Azerkhalcha Scientific and

Creative Production Assosiacion
Registration date: 1927 Field of Activity: Carpet and carpet items production (manual) Products and services for export: Carpet and carpet items Characteristics of product(s)/service(s): National carpet-weaving trade Maximum and minimum volume of each product: 150 m2 per month Characteristics and description of each product group: 1 m2 carpet weight 2 kg 800 g Preferable way of transportation: Airway Conditions of delivery: FOB Company experience on export operations: America, Germany, England, Italy, Russia, Czechia, Turkey, UAE etc.

Company Address
20, 22, Gulla str., Ichari Shahar, Baku, Azerbaijan Tel.: (+994 12) 418 80 82 Fax: (+994 12) 492 61 23 E-mail: alisafa@azerin.com Web-site: www.azerkhalcha.com Contact person(s): Mr. Alisafa Nuriyev

44

Azpetrol Ltd. LLC

Registration date: 04.10.2004

Company Address
63/65, Mirza Mansur str., Baku, Azerbaijan Tel.: (+994 12) 497 69 75 Fax: (+994 12) 497 68 64 E-mail: azpetrol@azpetrol.com Web-site: www.azpetrol.com Contact person(s): Mr. Guseynaga Rahimov

Field of Activity: Sale of oil and fuel gas Products and services: a) AI-95, 93, 80; fuel gas, diesel b) 65 filling station Documents/Certificates affirming the conformity of product or service: ISO 9001:2000; Business Prestige

Preferable way of transportation: Car About company: "Azpetrol" company launched its activity on 15 July, 1997 by opening its first petrol filling station on Tbilisi prospect in Baku. By the end of the year number of petrol filling stations we have constructed reached 8. In coming years this number was growing and at present there are 65 stations. Out of them 61 carry out sale of petrol and diesel, another 4 sell liquid gas. An Oil base with capacity of 7000 tones provided by the system of fire protection, signaling and security as well as an Auto park consisting of 107 cistern type cars, belonging to company function on daily basis.

45

BOT LLC
Registration date: 06.07.2001

Company Address
Field of Activity: Footwear production
53, Binagadi macadam, Baku, AZ1054, Azerbaijan Tel.: (+994 12) 412 46 26, 412 31 84 Fax: (+994 12) 412 36 01 E-mail: bot@azerin.com Web-site: www.bot-az.com Contact person(s): Mr. Arif Mardanov

Products and services for export: a) Military boots, safety boots, shoes 600 000 pairs per annum b) Everyday leather shoes for kids and men 100 000 pairs per annum c) Work boots 100 000 pairs per annum

Documents/Certificates affirming the conformity of product or service with international standarts: ISO 9001:2000

Company experience on export operations: Republic of Kazakhstan

46

Caucasus Paper Industry Ltd

Registration Date: 1997 Field of Activity: Production of cleaning and domestic paper products Products and services for export: Paper items - napkin, Company Address kitchen towel, pocket towel, tissue Maximum and minimum volume of each product: Azerbaijan, Baku, Napkin production 65000 boxes per month Tel.: (+994 12) 496 69 18 Tissue production 10000 boxes per month Fax: (+994 12) 566 24 80 Paper towel production 10000 boxes per month E-mail: info@azersun.com Dispenser towel production 2500 boxes per month Web-site: www.azersun.com Dispenser napkin production 2500 boxes per month Facial tissue 8500 boxes per month Documents/Certificates affirming the conformity of product or service: K-Q TSEN ISO-9001:2000-On Quality Management System TSEN ISO-9001:2000- Reeled and packed hygienic paper production AZS 250-2007-Conformity certification AZS 251-2007- Hygienic certification AZS 250-2007-Hygienic certification AZS 249-2007- Hygienic certification AZS 249-2007- Conformity certification AZS 249-2007- Conformity certification Preferable way of transportation: Railway, Waterway, Motor road Conditions of delivery: FOB, CIF, DDU, CPT, EXW, FCA, Any Agencies in other countries: Georgia, Kazakhstan Company experience on export operations: Georgia, Kazakhstan

47

Embawood LTD
Registration Date: 08.05.2002 Field of Activity: Production and sale of home and office furniture Company Address Products and services for export: 2, Shahriyar str., Masalli city, a) Home furniture AZ 4400, Azerbaijan, b) Office furniture Maximum and minimum volume of each product: Tel.: (+994 12) 431 98 42/43 Home furniture - 15 beams Fax: (+994 12) 431 00 81 Office furniture - 2 beams E-mail: office@embawood.com Characteristics and description of each product group: Web-site: www.embawood.com Home furniture: width - 2400 mm Office furniture: width - 42, height - 193, depth - 42 Documents/Certificates affirming the conformity of product or service with international standarts: a) ISO 9001 ( 2000) b) AZS NATIONAL CERTIFICATION SYSTEM Sitting-room furniture, kitchen furniture, office furniture c) AZS NATIONAL CERTIFICATION SYSTEM Bedroom furniture, furniture for health institutions d) AZS NATIONAL CERTIFICATION SYSTEM Board made of wood shavings e) AZS NATIONAL CERTIFICATION SYSTEM For educational institutions Preferable way of transportation: Railway, Motor road Conditions of delivery: FOB, CIF Company experience on export operations: Russia, Georgia, Kazakhstan, Kyrgyzstan, Turkmenistan, Iran, France

48

Matanat A company
Company Address
Baku-Sumgayit road 13.5 km, Baku, Azerbaijan Tel.: (+994 12) 442 99 33 Fax: (+994 12) 442 93 00 E-mail: info@matanata.com Web-site: www.matanata.com Contact person(s): Mr. Fuad Bashirov

Registration Date: 10.01.2000 Field of Activity: Production and sale of building materials Products and services for export: a) Tile adhesives b) Grouts c) Gypsum-based products d) PVA glues e) Waterproofing materials f) Surface preparing materials g) Industrial flooring systems and self leveling materials h) Concrete admixtures Product/Service Specifications: a) Tile adhesive is cement based mortar containing chemical additives enhancing the product performance and workability. ISO 9001-2000

b) Grouts are cement-based joint filler which provides smooth surface containing chemical additives, that increases product performance, cracking resistance and workability. ISO 9001-2000 c) Gypsum-based products include undercoat and finished plasters, machine plaster, decorative gypsum, joint fillers. ISO 9001-2000 d) PVA glues possess high adhesive feature and are used in fixing parquet etc. ISO 9001-2000 e) Waterproofing materials are cement-based isolation mortar with chemical additives enhancing product performance, workability providing water imperviousness. ISO 9001-2000 f) Surface preparing materials are cement-based single component surface repairing mortar containing filler in special granule size with chemical additives enhancing the performance and workability. ISO 9001-2000 Characteristics and description of each product group: - Tile adhesives, waterproofing materials, surface preparing materials, industrial flooring systems and self leveling materials, concrete admixtures are packed in 25 kg sacks being 3 layers of paper and 1 layer of polyethylene; - Grouts are packed in 20, 15, 5, 1 kg sacks. - Gypsum-based products are packed in 30 kg polyethylene sacks. - PVA glues are packed in 20, 8, 3, 0.85 kg packages. Conditions of delivery: EXW, FOB, CIF, DAF Agencies in other countries: 1. Central Asia: Sayeddin Jafarov, mob.:(+994 50) 208 66 95, export@matanata.com 2. Georgia and Ukraine: Mehdi Adilov, mob.:(+994 50) 232 07 15, export@matanata.com 3. Russia: Ilham Shirinov, mob.: (+994 50) 232 07 81, export@matanata.com Company experience on export operations: Kazakhstan, Russia, Georgia, Ukraine

50

51

MKT Istehsalat Kommersiya LTD

Registration Date: 19.04.1995 The associative member of International Cotton Association in Liverpool since 2003 Field of Activity: Production and sale of cotton goods, cotton Company Address fiber, cotton yarn and cotton oil. Supply of by products such as uluk, lint, cotton down, cotton mill cake and cotton oil acid 95, H. Aliyev avenue, Baku, Azerbaijan Products and services for export: Tel.: (+994 12) 497 13 04 a) Putting into operation a business centre and hotel Fax: (+994 12) 497 13 07 b) Cotton fiber E-mail: mkt@mktcotton.com c) Cotton yarn Web-site: www.mktcotton.com d) Cotton oil, cotton mill cake, lint, uluk, cotton down, cotton oil acid Characteristics of product(s)/service(s): a) A-Class office-hotel complex. A Junior Suite level hotel and 170-person conference hall at the complex are fully equipped in accordance with the modern standards. b) Cotton fiber was registered in cotton exchanges of Liverpool, Bremen, Gdansk. Maximum and minimum volume of each product: Cotton fiber - 20000 tons/per year Cotton yarn - 10000 tons/per year Cotton oil - 4000 tons/per year Cotton mill cake - 20000 tons/per year Additional products - 1000 tons/per year Documents/Certificates affirming the conformity of product or service: "SGS Azeri Ltd", "INTERTEK Azeri Ltd", "WIS Ltd" Preferable way of transportation: Railway, Truck haulage Terms of delivery: EXW, FCA, DAF Foreign Counterparts: Switzerland, Russia, Turkey, Iran, Georgia

52

NEXUS LTD
Registration Date: 19.10.2006 Field of Activity: Production of notebooks, personal computers, Company Address servers, monitors and projectors 30, Kaverochkin str. (Azadlig ave.) Products and services for export: Baku, AZ1007, Azerbaijan a) Notebooks b) Personal computers Tel.: (+994 12) 449 55 55 c) Monitors and LCD TV Fax: (+994 12) 440 77 99 d) Projectors E-mail: info@nexus.az e) Servers Web-site: www.nexus.az Maximum and minimum volume of each product: Contact person(s): Mr. Zaur Mamedzade a) Notebooks - minimum 100, maximum 1000 (monthly) b) PC - minimum 100, maximum 1000 (monthly) c) Monitors - minimum 100, maximum 1000 (monthly) d) Projectors - minimum 50, maximum 200 (monthly) e) Servers - minimum 10, maximum 30 (monthly) Characteristics and description of each product group: Notebooks - 5 kg PC- 12 kg Monitors - 4 kg Projectors - 2 kg Documents/Certificates affirming the conformity of product or service with international standarts: It is produced with the latest Intel technology, it is used a state-of-the-art and certified parts. There is ISO 9001-2000 certificate, CE certificate, AZS certificate. Preferable way of transportation: Railway, Motor road, Airway Conditions of delivery: FOB, CIF, EXW Agencies in other countries: Kazakhstan, Uzbekistan, Georgia, Iran Company experience on export operations: Kazakhstan, Uzbekistan, Georgia, Iran, Austria

53

"NJT2000" LTD
Registration Date: 26.12.1999 Field of Activity: Manufacturing of products from different type of plastic Company Address Products and services for export: a) UPVC pipe and fittings 43A, Babek ave., Baku, Azerbaijan b) UPVC panels and accessories for ceiling Tel./Fax: (+994 12) 447 26 46 c) UPVC window profiles (+994 12) 447 26 47 d) PPRC pipe and fittings E-mail: office@njt2000.com e) PE pipe and fittings Web-site: www.njt2000.com f) plastic box for electric meters. Contact person(s): Mr. Ahmet Fethi Ozkul Characteristics of product(s)/service(s): Maximum and minimum volume of each product: 616 000 USD- monthly, 7 392 000 USD- annual turnover Characteristics and description of each product group: The following markings are made on the NJT-2000 sewer pipes and fittings: - registered quality mark; - NJT-2000 logo; - material name - PVC; - nominal diameter - DN; - wall thickness - S; - production date - day/month/year; - length in conformance to EN 1329-1 European standard. Possible lengths: L = 150; 250; 500; 1000; 2000; 3000; 5000; 6000 mm. The following is indicated on the rubber clamps: - standard - DIN 4060; - the trade mark of producer of the sealing ring; - date of manufacturing day/month/year; - nominal external diameter - DN; - kind and number of the socket of sealing ring. Documents/Certificates affirming the conformity of product or service with international standarts: ISO 9001 certificate Preferable way of transportation: Railway Conditions of delivery: CIF Company experience on export operations: Russia, Kazakhstan, Georgia, Uzbekistan

54

Saloglu Private enterprise

Registration Date: 20.10.2000 Field of Activity: Business, production of furniture and soft furnishings Products and services for export: a) Furniture b) Soft furnishings Characteristics of product(s)/service(s): Maximum and minimum volume of each product: Furniture, yearly volume 240 pieces Soft furnishings, 300 pieces

Company Address
Baku-Gazakh highway 452nd km, Azerbaijan Tel.: (+994 244) 5 24 71 Fax: (+994 244) 5 22 27 E-mail: info@saloglu.com Web-site: www.saloglu.com Contact person(s): Mr. Sadikh Sadikhov

Documents/Certificates affirming the conformity of product or service with international standarts: a) Conformity certificate BN002279, Set of furniture b) Conformity certificate BN002280, Seat furniture, chairs, set of soft furnishings Preferable way of transportation: Railway, Motor road Conditions of delivery: CIF Agencies in other countries: Republic of Turkey, Russian Federation Company experience on export operations: Republic of Georgia

56

SINAM LTD
Registration Date: 18.02.1994

Company Address
9, F.Agayev str., AZ1141, Baku, Azerbaijan Tel.: (+994 12) 510 11 00 Fax: (+994 12) 439 26 33 E-mail: office@sinam.net Web-site: www.sinam.net

Field of Activity: Software development, Telecommunication projects, Maintenance&support, Delivery&sales, Network installation and support, Internet services, IT consulting

Products and services for export: a) Software b) Computer equipments

Documents/Certificates affirming the conformity of product or service: ISO 9001:2000

Preferable way of transportation: Railway, Motor road, Airway

57

State Oil Company of Azerbaijan Republic (SOCAR)

Registration Date: 1992 Field of Activity: Prospecting, exploration and exploitation of oil and gas fields, production, processing and transportation of oil, gas and gas condensate, sale of derived of them products in local and foreign markets, scientific research and project works. Products and services for export: Raw oil and oil products Maximum and minimum volume of each product: Estimated annual exports: a) Petrol - 328 000 tons b) Diesel fuel - 1324 000 tons c) Fuel for aircrafts - 310 000 tons d) Stove fuel (mazut) - 876 000 tons

Company Address
73, Neftchiler Avenue, Baku, Azerbaijan Tel.: (+994 12) 492 17 89 Fax: (+994 12) 497 11 67 E-mail: info@socar.az Web-site: www.socar.az Contact person(s): Mr. Yashar Nebiyev

Characteristics and description of each product group: According to the state standards Documents/Certificates affirming the conformity of product or service: According to the state standards Preferable way of transportation: Railway, Waterway, Motor road, Airway Conditions of delivery: FOB, FCA Agencies in other countries: Georgia, Romania, Turkey, Great Britain, Switzerland

58

Company experience on export operations: Since 1994 in 47 countries

Ziya+ LTD
Registration Date: 31.08.2004

Field of Activity: Production, Sale

Company Address
4, A. Maharramov str., Baku, Azerbaijan Tel./Fax: (+994 12) 430 22 22 E-mail: info@ziya.az Web-site: www.ziya.az Contact person(s): Mr. Gafar Abdullayev

Products and services for export: a) Cash register c) ATM redeipt tapes d) Fax paper

Characteristics and description of each product group: Width - all range from 14 mm to 420 mm Length - all range from 10 mm to 500 mm Made from German raw material - Thermo and offset paper Preferable way of transportation: Motor road Conditions of delivery: CPT

59

Ziya Suvenir LTD

Registration Date: 10.07.2006 Field of Activity: Azerbaijan national art benchworks and souvenirs Products and services for export: Earthenware, carpets, pictures and drawings painted with oil paint, embroideries made from beads, national utensils, candlesticks, indicator-boards, national dressings for men and women and attributes, vases and other works from glass, collection backgammon, wood engraving, lamps, daggers and etc.

Company Address
36, Inshaatchilar avenue, Baku, Azerbaijan Tel./Fax: (+994 12) 436 88 88 E-mail: office@ziya.az Web-site: www.ziya.az Contact person(s): Mrs. Shahla Dunmayaliyeva

Maximum and minimum volume of each product: It depends on customer order and characteristics of product Characteristics and description of each product group: Retail Trade Enterprise Association, Certificate Preferable way of transportation: Railway, Waterway, Motor road, Airway Conditions of delivery: FOB

60

Banking & Finance

AGBank OSJC
Registration Date: 08.11.1992 Field of Activity: Bank, Finance Products and services for export: a) For indivuduals: Opening of the accounts in local and foreign currency; Teller services; Deposits; Operations on conversion; Crediting; Operations with securities; Consultations; Operations with plastic cards; Western Union.

Company Address
16, Landau str., Yasamal, Baku, Azerbaijan Tel.: (+994 12) 497 50 17 Fax: (+994 12) 498 96 15 E-mail: azerigazbank@azerigazbank.com Web-site: www.azerigazbank.com Contact person(s): Mr. Azer Movsumov

b) For corporate clients: Opening accounts in local and foreign currency; Teller services; Deposits; Operations on conversion; Crediting; Operations on securities; Documentary operations; Consultations. c) Interbank business: Opening of the corresponding accounts in foreign and local currency; Teller services; Documentary operations; Security operations; List of correspondent accounts; Tariffs.

62

Azerdemiryolbank OJSC
Registration Date: 06.10.1989

Banking & Finance

Company Address
31, Karabakh str., Baku, Azerbaijan Tel.: (+994 12) 444 71 71, 444 71 30 Fax: (+994 12) 496 09 77 E-mail: damir@azerdemiryolbank.com Web-site: www.azerdemiryolbank.com Contact person(s): Mr. Zamig Shukurov

Field of Activity: Bank, Finance Products and services for export: a) For physical persons: Opening of accounts; Deposits; Credits; Leasing; Microcredits; Credits; The mortgage; Plastic cards; Tariffs; Remittances; Reception of municipal payments; Phone banking; Sms banking.

b) For legal persons: Opening of accounts; Settlement-cash service; Deposits; Business credits; The letter of credit and guarantees; Plastic cards; Remittances; Encashment; New products.

63

Banking & Finance

Bank of Baku
Open Joint Stock Company
Registration Date: 14.02.1994 Field of Activity: Any kind of banking activity Products and services for export: a) Local and International clearing b) Exchange operations c) Remittance (Coinstar, Western Union, Bistraya Pochta, Migom, Xpress Money, Contact) d) Financing trade service supported by leading world banks e) Consumer and commercial credits f) Leasing services g) Demand and time deposit h) American Express traveller's cheque i) Business consulting and market research j) Master Card cards (debit, credit, hybrid and salary cards) k) Bank-Customer system

Company Address
42, Ataturk avenue, Baku, Azerbaijan Tel.: (+994 12) 447 00 55 Fax: (+994 12) 498 82 78 E-mail: root@bankofbaku.com Web-site: www.bankofbaku.com Contact person(s): Mr. Jalal A. Gasimov

64

Bank Standard KB CJSC

Registration Date: 30.10.1995

Banking & Finance

Company Address
4, H.Hajiyev str., Baku, Azerbaijan Tel.: (+994 12) 497 10 70/71 Fax: (+994 12) 497 20 94 E-mail: bank@bankstandard.com Web-site: www.bankstandard.com

Field of Activity: Conducting banking activities in accordance with legislation

About the company: The first-rate private commercial bank in Azerbaijan. Wide range of products and services - Amex Travelers cheques, Western Union, "Bystraya Pochta", "Contact", "Migom" int'l money transfer systems, ATM/debit cards, VISA, MasterCard, personal & corporate loans, documentary operations. Wide branch & ATM networks in Azerbaijan, correspondent accounts in the leading banks worldwide Bank Standard was established in December, 1995 and carried out its activities as a subsidiary bank of the Russian "Most-Bank" until 1998 when the Bank was transformed into the financial institution fully owned by Azerbaijani investors. The Bank proved itself as a retail financial institution principally specializing in providing services to individual customers. Upon successfully conducted rebranding campaign in 2004 the bank assumed its new "Bank Standard" name and the management team began to position the company as universal commercial bank providing a broad range of financial services to its clients and focusing on serving both individuals and the business sector.

65

Being reorganized in 1992 from the branch of the former USSR's "Vnesheconombank" into the unaffiliated financial and credit organization, the International Bank of Azerbaijan (IBA) is contemporary with the independent Azerbaijan. IBA has managed to pass successfully all stages of formation of the local economy and become an efficient financial institution, gaining a leading position in the banking system of the country and being rightfully considered its national identity at the international scene. IBA has already been operating for 16 years. These were the eventful years, full of severe trials, enormous changes, and rapid and diversified development. Nowadays, IBA is recognized by the international financial institutions as the leading bank in the South Caucasus. The Bank is a member of S.W.I.F.T. (Society for Worldwide Interbank Financial Telecommunications) (1993), as well as such payment systems as MasterCard International (1994) and VISA International (1997), the founder of the Baku Interbank Currency Exchange, "AzeriCard" processing center, International Insurance Company, "Joint Leasing" leasing company, the first bank in the country's history that has established its bank abroad - "IBA - Moscow" (2002), and affiliated bank in Georgia (2006). The representative offices of the bank are operating in London (2002), Frankfurt (2005), Luxembourg and Dubai (2007). The work on opening the representative office in New York is actively going on. It is planned the establishment of banks in Kazakhstan, Dubai and Luxembourg. IBA is the first entity from the region that has become co-founder and the registered full-fledged member of the Community of Global Emerging Companies established within the framework of the World Economic Forum.

Banking & Finance 66

Holding a well-deserved position among the best Eurasian financial and credit organizations IBA has repeatedly won the worldwide recognition. The awards given to the bank, such as "The Best Bank" from "Euromoney" journal, "The bank of the Year" from "The Banker" journal, "The Best Bank in the World's Emerging Markets" from "The Global Finance" journal published in the USA (2002-2006), the award "For the Best Internet-banking" from the same journal, "The Golden Medallion" of the Geneva High Institute of Business and Management and the Swiss Business Club, the international prize "For the contribution to the development of banking sector in Azerbaijan, trade relations, country's export and import, and for the tremendous contribution to the advance in the sphere of banking service", the winner of which the bank became in 2006, the prize of "Quality Recognition Award" in the nomination of "U.S. Dollar Clearing" from the Citygroup (2005-2006) and many other are the indicators of high appreciation of professionalism and efforts of IBA's management and personnel. For over the past four years the bank's rating awarded by Fitch IBCA has been raised three times, and at present, it is evaluated at the level of "BB+". The international rating agency Moody's Investors Services has evaluated the IBA's rating in the local currency at the level of Baa2, while the long-term rating in foreign currency is Ba2. The agency has made the stable forecast for changes in rating. Nowadays, the diversity and quality of IBA's services are highly competitive with the similar indicators of western banks. According to the international experts, IBA is more unfettered, flexible and shows much greater consideration for the customers than the foreign banks operating in Azerbaijan. Despite offering the lowest interest rates in the country, the bank has a substantial volume of deposits. At present, the share of IBA in the market of plastic payment cards constitutes 70%. The customers are offered a wide choice of plastic cards of VISA International and MasterCard International payment systems, including

salary and pension cards. IBA has become the second (after the Russian banking sector) bank in the regions of Central and Eastern Europe, Middle East and Africa, which has proceeded with issuing the most advanced cards with dual contact noncontact interface and dynamic data authentication (DDA). These cards are used not only as the regular bankcards but also as the cards for drawing the salary and scholarships, to pay for utilities, gas station services, and purchases in the retail trading networks and public catering networks, for payment of taxes and custom duties, to transfer money from one card to another, and etc. For the first time in the country, IBA has begun to introduce the "Information booths" and the new cash-in type ATMs. The Internet-banking service offers the customers an opportunity of gaining access to their bank accounts, getting the bank statements as of any date, and regularly monitoring the balance without leaving their homes or offices. The individual customers can pay the bills for utilities and cellular communication services. IBA exerts continuous efforts towards introducing in Azerbaijan the state-of-the-art technologies and rendering the advanced financial services to the citizens of the country. The efficiency and positive dynamics of IBA's operations, its sustainable development have been rightfully appreciated not only domestically but also gained the worldwide recognition. According to the data of annual audits conducted by PricewaterhouseCoopers, over the past years the bank has attained the qualitative changes in the fundamental components of economic growth showing the weighty financial results. In comparison with 2001, the net assets of the bank increased almost 8 times as much, the authorized cap-

Banking & Finance 68

ital - 40 times as much, the paid-in capital - 12.2 times as much. The share of IBA in the overall volume of bank credits in the country constitutes 47%, while the credit portfolio proper has increased 11 times as much as compared to the beginning of 2001. The similar tendency is attributable for the balance sheet incomes as well, now they are 7.5 times as much as the figures of 2001. By the year-end of 2007, the profit increased 21 times as much as compared to the financial results of 2001, at that, the net profit after tax increased almost 30 times as much. Deposits, the main component of resource base, increased 6.2 times as much, and also, the deposits of individual customers increased 9 times as much. Thus, over the past years IBA managed to strengthen firmly its leading position in the banking sector while maintaining the high financial stability. By accomplishing its definite mission, the bank has gained a foothold as the support for stability of Azerbaijani banking system and actively promotes the dynamic development of the country's economy as a whole. IBA effectively cooperates with the international financial organizations and world's major banks. A great number of projects in the various spheres of non-oil sector of the country's economy have been financed through the credit lines issued by these financial organizations without requiring the sovereign guarantees. Thus, the financing facility for acquiring the modern industrial cotton processing equipment allowed making a good progress in increasing the rate of performance in this sector. Alongside with that, over the past three years, the implementation of the project covering the various stages of production process, such as harvesting, storage and production of cotton-seed oil, led to the significant increase in production of cotton, which is considered to be the strategic product, and creation of many permanent and seasonal jobs. The other successful project, which has been financed by IBA, is connected with the revival of silk production in the country. About two thousand people are currently working at the reconstructed factory and more than

4 thousand people are dealing with growing of silkworms domiciliary. One of the advantages of that project is that this business predominantly oriented for export. The bank is financing the significant projects in tobacco industry. Over the previous period of time the considerable amount of funds have been directed into the expansion of commercial plantations, which as a result has led to the significant increase in productivity. Taken together, all these projects are the facts that demonstrate the direct participation of IBA in development of non-oil sector, as well as the important economic processes in the country. In addition, over the recent years IBA has boosted its activity aimed at borrowing the credit lines from the international financial institutions, such as Commerzbank, Societe Generale, JBIC, Bayerische Landesbank, AKA, BankGeselschaftBerlin, Credit Suisse, UBS, Sumitomo Mitsui Banking Corporation, Nordic Investment Bank, which are issued against the guarantees of the export credit agencies, such as USEXIM, Euler-Hermes, COFACE, SACE and others. By the means of these credit lines, the local companies get an opportunity to purchase from the foreign suppliers the modern technologies, equipment, and materials under the comparatively low interest rates and for a long-term period. The repeated extension of syndicated loans to IBA without requiring the government guarantees can serve as an example of the high level of confidence in IBA. Among the participants of syndication appear such giants as Citigroup, JP Morgan, Commerzbank, BNP Paribas, Sumitomo Mitsui Banking Corporation, Rabobank and other eminent banks from the different continents. At the same time, IBA is not only the main creditor in the country but it also, together with the leading European financial organizations, participates in syndication on extending financing to the foreign banks, such as "Ak-Bars", "Invest-Bank", and "Ukrsotzbank".

Banking & Finance 70

Beside carrying out the diversified investment and credit operations in the public sector of economy, IBA holds the leading positions in providing services to the private business. Having determined the organization of network of "financial supermarkets" as its strategic objective, the IBA's head office, its 36 affiliates and more than 100 service branches and small offices located throughout the whole territory of the country, offer the broad range of all kinds of banking facilities on the basis of the most up-to-date technologies. IBA also continues to implement the policy of expanding its presence outside Azerbaijan. An example of this is the opening of an affiliated bank "The International Bank of Azerbaijan - Moscow" in the capital of Russia in 2002. "IBA - Moscow", which is the first bank in Russia with the foreign capital from the CIS country, is actively operating at the Russian market taking the 269th position among the Russian banks in terms of rating indicators and the 290th position in terms of capital (2007). In 2004 "IBA - Moscow" established its affiliate in Saint Petersburg and several branches in Moscow. Established the affiliate in Yekaterinburg, Sverdlovsk region. In years to come, "IBA - Moscow" intends to continue the process of establishing the branch network and plans to open several more branches in largest regional centers of Russia, in Moscow and Moscow region. Another subsidiary structure of IBA is the "International Insurance Company" was established in April 2002, at that, its authorized capital constitutes about 30% of the aggregate capital of all Azerbaijani insurance companies. The company has obtained the international certificate of compliance with the international standards with respect to the level of corporate management and operational efficiency and renders all main kinds of insurance services. Other subsidiary companies of IBA, such as "AzeriCard" processing center, "Joint Leasing" leasing company, also retain the leading positions at the local market.

Banking & Finance

UNIBANK Commercial Bank OJSC

Registration Date: 27.07.1992 Field of Activity: Banking operations Products and services for export: a) For personal customers: Accounting-cash service; Currency-exchange operations; Credits; Deposits; Deposit box; Plastic cards; Card to card; Collection of checks; American Express; Remittance; Azercell; Bakcell; Securities; Consulting; SMS informing.

Company Address
57, Rashid Behbudov str., Baku, AZ1022, Azerbaijan Tel.: (+994 12) 498 22 44 Fax: (+994 12) 498 09 53 E-mail: bank@unibank.az Web-site: www.unibank.az

b) For corporative customers: Accounting-cash service; Currency-exchange operations; Documentary operations; Credits; Deposits; Deposit box; "Bank-Customer" System; Wage projects; Collection of checks; Collection; Securities; Consulting.

72

Construction

CASPIAN SERVICE LLC

Registration Date: 12.02.2001

Company Address
Field of Activity: All kind of construction, building, installation,projecting, maintenance and design. Exportation of National Architectural Projects.
10, Z.Ahmadbayov str., Baku, Azerbaijan Tel.: (+994 12) 598 00 91; 598 00 92 Fax: (+994 12) 598 00 93 E-mail: caspianservice@azeurotel.com Web-site: www.caspianservice.com Contact person(s): Mr. Araz Musayev Mr. Vusal Kishiyev

Products and services for export: National Architectural Style Buildings of Azerbaijan in other countries

Agencies in other countries: Russian Federation, Stavropol city - Stroy Service Russian Federation, Kazan city - Agency of Stroy Service Kazakhstan, Astana city - Caspian Service Kazakhstan Kazakhstan, Aktau - Agency of Caspian Service Kazakhstan Republic of Georgia, Tbilisi city - Caspian Service Georgia Islamic State of Afghanistan - Caspian Service Afghan

74

Tourism & Hotels

Irshad hotel JV
Registration Date: 1997 Field of Activity: Hotel

Company Address

Products and services: 11, Vagif str., Baku, Azerbaijan a) Rooms: Tel.: (+994 12) 441 01 32/33/34 - 3 LUX Apartments: This type of room consists of a hall, kitchen Fax: (+994 12) 441 34 92 and two separate bedrooms. It is equipped with Satellite televiE-mail: hotel@irshad.az sion, (VCR,DVD player, Stereo and CD equipment - on request), Web-site: www.irshad.az manually controlled air-conditioning and heating, refrigerator, Contact person(s): Mr. Ilgar Nuri Jacuzzi, electric oven and direct international telephone. - 6 Deluxe Twin Rooms: This type of room has a separate bedroom with two separate beds, a living room, Satellite television, manually controlled air-conditioning and heating, refrigerator, Jacuzzi, and direct international telephone. - 7 Deluxe Double Rooms: This type of room includes balcony, two separate beds, Satellite television, manually controlled air-conditioning and heating, refrigerator, Jacuzzi, and direct international telephone. b) Conference Halls: - Eastern Hall: The Hall is capable of receiving from 40 (if the Hall's planning -"roundtable" or "classroom") to 90 persons (planning is "cinema hall" without tables) This Hall is suitable for conferences, presentations, news conferences and workshops. - Meeting Hall: The Hall is capable of receiving up to 12 persons (the Hall's planning is "roundtable") This Hall is suitable for sociological focus groups, interviews and business meetings.

76

Park Inn Azerbaijan Hotel,

Global Investment Company LTD
Registration date: 01.01.2006 Field of Activity: Hotel Products and services: Company Address a) Rooms Description: 248 newly colorful refurbished rooms with either panoramic view Azadlig ave. 1, Baku, of Caspian Sea or city of Baku. Facilitating Safe lockers, minibar, AZ1000, Azerbaijan Hair-dryer, Satellite television, Pay-TV, radio, Direct dial telephone, Tel.: (+994 12) 496 60 00 Wireless internet access/WIFI Fax: (+994 12) 496 89 10 b) Food Selections: E-mail: reservation@parkinn.com Glory Restaurant with International Cuisine Web-site: www.baku.rezidorparkinn.com Victor's Bar for cocktail and snacks Mirvari Club, disco, bar, lounge & terrace offering a tranquil Japanese atmosphere with best sushi in town and best Japanese cuisine c) Meetings and Banquet: We offer five modern conference rooms spread across 300 sq meters One Elegant ballroom (376 sq meters) with a large foyer as well as Natural Daylight, Equipped Business Centre, WIFI, Customized menus from our experienced chefs. Documents/Certificates affirming the conformity of product or service: 4-star category State classification degree certificate of Hotels and similar objects by Ministry of Youth, Sport and Tourism

77

Tourism & Hotels

Tourism & Hotels

Radisson Sas Plaza Hotel,

ISR Azeri Apart & Business Centre
Registration date: 01.11.1998 Field of Activity: Hotel Products and services: a) Facilities: - 40 luxurious rooms with separate living room and bedroom - Mini bar, tea and coffee making facilities, safe, trouser press, spacious wardrobe, hair dryer, data port, IDD, satellite TV, radio - Lounge and business centre on 17th floor. - Plaza Health and Fitness Club with gym, sauna and indoor pool. - CAFE and ballroom - Restaurant and bar with 100 coctails - Room service. b) Meetings: - 108 total m2 2 meeting rooms - Largest room: 60 m2 - Ceiling height in largest room: 2.70 - Business Centre.

Company Address
Icheri 340, Baku, Azerbaijan Nizami str., 370000 Tel.: (+994 12) 498 24 02 Fax: (+994 12) 497 24 51 E-mail: sales.radissonsas@isrplaza.com Web-site: www.baku.radissonsas.com

Documents/Certificates affirming the conformity of product or service: 5-star category State classification degree certificate of Hotels and similar objects by Ministry of Youth, Sport and Tourism

78

Sultan Inn Boutique Hotel,

Nans Universal Servis LTD
Registration date: 01.12.2005 Field of Activity: Hotel and Restaurant Products and services: a) Eleven luxurious non-smoking guest rooms with individual air conditioning, fireplace, satellite TV, high speed wireless Internet access, Mini-bar, and in-room electronic safes, specialized bathroom amenities, hair dryers, and direct dial phones. E-mail: reservation@sultaninn.com b) The "House of Sultan's" Restaurant Web-site: www.sultaninn.com c) "Q-Bar" d) "Terrace Garden Floor 3" Restaurant e) 11 lavish guest rooms in the heart of the Old City; next to the Maiden's Tower.
1, Azadlig ave., Baku, AZ1000, Azerbaijan Tel.: (+994 12) 437 23 05/10 Fax: (+994 12) 437 23 11

Tourism & Hotels

Company Address

Documents/Certificates affirming the conformity of product or service: 5-star category State classification degree certificate of Hotels and similar objects by Ministry of Youth, Sport and Tourism The Hotel's eclectic style reflects Azerbaijani elegance with modern touches in every corner. With its genuine ambiance, the Sultan Inn Boutique Hotel is truly a small palace with modern hotel facilities. Our Hotel has an outstanding variety of cuisine derived anywhere from traditional Mediterranean to Azerbaijani dishes.

79

Tourism & Hotels

Ziya turizm LTD

Registration Date: 01.06.2004

Field of Activity: Organization of Azerbaijan internal tours, organization of external tours, sale of air tickets in all directions

Company Address
#25, 13 A.Alekberov str., Baku, AZ1073, Azerbaijan Tel./Fax: (+994 12) 492 32 22 (multichanell) E-mail: turizm@ziya.az Web-site: www.ziya.az Contact person(s): Mr. Akhmed Mammadov

Products and services for export: Organization of Azerbaijan internal tours, historical tours, curative tours

Documents/Certificates affirming the conformity of product or service: a) Certificate of conformance, February 10, 2006, US/ADS 0050 certificate. Licence issued by the Ministry of Youth, Sport and Tourism of AR 014.06.2004 IATA Licence Amadeus certificate Gabriel certificate b) Seasonal nature Preferable way of transportation: Airway

002249

80

Business services & Consulting

Azerbaijan Information and Opinion Agency

Registration Date: 26.10.2000 Field of Activity: Market conditions study and public opinion survey Products and services for export: Data base exportation obtained through market investigation a) Fields of research: - Consumer market; - U & A; - Product test; - Pre & post tests of advertising materials; - Price sensitivity; - Retail & wholesale trade audit; - B2B research. b) Fields of business services: - Business trainings; - Business planning; - CRM. Company experience on export operations: Germany, Russia, Turkey, Kazakhstan

Company Address
93, Sh. Mehdiyev str., Baku, Azerbaijan Tel.: (+994 12) 448 06 26 Fax: (+994 12) 448 06 26 E-mail: office@aira.az Web-site: www.aira.az Contact person(s): Mr. Samir Mammadov

82

Azerbaijan Investment Company

Founding date: 30.03.2006

Business services & Consulting

Company Address
11, Hasan Abdullayev str., Baku, Azerbaijan Tel.: (+994 12) 437 15 73 Fax: (+994 12) 437 29 03

Field of Activity: Investment in private sector companies

Services: a) Investment Focus: Look to opportunities in the non-oil sectors that show greatest promise for high growth and/or significant export. Preferred sectors: E-mail: info@aic.az - Agri-business Web-site: www.aic.az - Manufacturing - Logistics - Commercial Real Estate - Information & Lowercase technology - Tourism b) Foreign Investor Participation: AIC seeks to attract international investors for partnering: - International institutional investors to co-invest with AIC into projects in Azerbaijan - Strategic/corporate investors that work in non-oil sectors to both co-invest with AIC & implement their technologies and know-how in companies in Azerbaijan - Cooperation in establishment of specialized sub-funds together with large financial institutions Mission of AIC: - Contribute to the development of businesses in non-oil sectors of the Azerbaijan economy via equity participation and management support - Attract additional local and foreign investment, technology, and know-how - Increase the competitiveness and market value of investee companies - Provide a fair return to our shareholders and investors

83

Business services & Consulting

Alyanz Group LTD

Registration Date: 01.2006

Company Address
Field of Activity: Allianz Group is a consulting company. It was established in 2006 with a purpose to provide high-quality services in the area of trainings, psychological support of personnel management, HR and financial advisory services. At the same time we are the Strategic Business Partners for the world-wide known company Profiles International (represented in more than 115 countries in the world), which is the recognized world leader in employment evaluation and human resource management assessment tools.
13 A, Koroglu Rahimov str., Baku, AZ1072, Azerbaijan Tel.: (+994 12) 465 00 36/37 Fax: (+994 12) 465 00 38 E-mail: office@allianzgroup.az Web-site: www.allianzgroup.az Contact person(s): Mr. Emin Bunyatov Mr.Ulvi Agayev

Based on assessment results, employees training programs could be developed more efficiently. We can assist in arranging appropriate training programs/seminars using both local and foreign trainers/coaches. We provide onsite Business Trainings & Seminars and Corporate (In-house) Trainings designed to improve employee performance. In 2008 our company joined several new projects as EBCL (European Business Competence License), CIPA (Certified International Professional Accountant), BBT (Big Bank Tests), SS (School of Sales) and SH (School of HR).

84

ASPI Consulting Engineers, Inc

Registration Date: 24.02.1994

Business services & Consulting

Company Address
#14, Abbas Sahhat str., Baku, Azerbaijan, AZ1007 Tel.: (+994 12) 495 11 30 Fax: (+994 12) 495 12 47 E-mail: FS@aspi.az Web-site: www.aspi.az

Field of Activity: Infrastructure Development, proven technologies and effective Solutions Products and services for export: ASPI Consulting Engineers possesses all state licenses that permit to render the services in the sphere of consulting, projects development and management in the framework of various multi-range projects, including: - Water industry and environment - Civil engineering - Buildings and constructions

Architecture Power engineering and oil & gas industry Topography, cartography and aerial photography Property evaluation and designing Road property and bridges Road industry Project management and construction control Training and technology exchange

Mission of ASPI: Our mission is to achieve winning relationships with our customers through respectability and reliability, high quality demand, open communication, team work, competence and creative approaches. Our goal to become an internationally recognized company in the market of consulting and engineering industries through maintenance of knowledge and skills at level being consistent with the development in technology, legis lation and management, and provide due skills and diligence for servicing customers.

85

Business services & Consulting

Public Union of Marketing Specialists NGO

Registration Date: 16.08.2000 Field of Activity: Business development services Products and services for export: a) Business Consultancy b) Marketing Research c) Elaboration of Business Plans d) Elaboration of Investment Projects e) Expert Research f) Interviews g) Organization of different seminars and conferences h) Organization of training programs on marketing and management on a cooperative basis i) Development of advertising strategies

Company Address
4, A. Maharramov str., Baku, AZ1111, Azerbaijan Tel./Fax: (+994 12) 430 01 00, 430 57 57 E-mail: info@marketing.az office@marketing.az Web-site: www.marketing.az Contact person(s): Ms. Samira Gafarova

Agencies in other countries: Kazakhstan, Russia, Turkey, Uzbekistan, Georgia Company experience on export operations: USA, Great Britain, Georgia, Switzerland

86

Maxmedia
Advertising Agency
Registration Date: 10.04.2005

Business services & Consulting

Company Address
201 M. Mukhtarov str., Karat Business Centre, Baku, Azerbaijan Tel.: (+994 12) 436 84 54/55 Fax: (+994 12) 436 84 56 E-mail: office@maxmedia.az Web-site: www.maxmedia.az Contact person(s): Mr. Huseyn Aliyev

Field of Activity: Advertising

Characteristics of product(s)/service(s): a) Creative b) Media c) BTL

87

Business services & Consulting

Novosti-Azerbaijan International Information Agency

Founding date: 30.03.2006

Company Address
Field of Activity: Press
195, Bashir Safarogli str., Baku, Azerbaijan Tel.: (+994 12) 565 81 04 Fax: (+994 12) 596 86 10 E-mail: office@ newsazerbaijan.az Web-site: www.novosti.az www.newsazerbaijan.ru Contact person(s): Ms. Gulnara Mammadova

Products and services for export: a) News b) Press Centre supplied with modern equipment

Characteristics of product(s)/service(s): Placement of advertisements and banners on websites of the "RIA Novosti" and "Novosti Azerbaijan" information agencies

Agencies in other countries: There is an agreement between the "RIA Novosti" and "Novosti Azerbaijan" information agencies

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SIAR
Social and Marketing Research Center
Registration Date: 30.01.1993 Field of Activity: Marketing, economic, social and political research Products and services for export: a) any kind of marketing and economic research b) any kind of social and political research Characteristics of product(s)/service(s): a) Social and political research b) Economic and marketing research

Business services & Consulting

Company Address
4, A.Maharramov str., Baku, Azerbaijan Tel./Fax: (+994 12) 447 29 34 (+994 12) 448 29 34 E-mail: office@siar.az Web-site: www.siar.az Contact person(s): Mr. Ashraf Hajiyev

Maximum and minimum volume of each product: Depends on the project and amount of data Documents/Certificates affirming the conformity of product or service with international standarts: A member of organization of ESOMAR since 1997 Preferable way of transportation: E-mail, post (in terms of sending hard copies) Agencies in other countries: Central Asia Company experience on export operations: SIAR Social and Marketing Research Center works and cooperates with companies in many countries, among which one can mention Belarus, France, Germany, Japan, Kyrgyzstan, Russia, Tajikistan, Turkey, UK, Ukraine, United States, Uzbekistan etc.

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Business services & Consulting

SIAR Consulting Ltd

Registration Date: 22.11.2002 Field of Activity: Various types of consultancy, which are based on the research data prepared by SIAR Social and Marketing Company Address Research Center, SIAR Media, and Central Asian Representative of 4, A.Maharramov str., Baku, Azerbaijan SIAR Social and Marketing Research Center. Products and services for export: Tel./Fax: (+994 12) 447 29 34 - Effective ways of forming "product image" (+994 12) 448 29 34 - Increasing and improving market share E-mail: office@siar.az - Analysis of possible growth and lag tendency Web-site: www.siar.az - Sale policy conformed to market Contact person(s): Mr. Ashraf Hajiyev - Developing a marketing strategy - Identifying socio-political expectations - Evaluating the influence of socio-political problems and identifying effective solutions on these problems - Organizing information campaigns - Penetrating and maintaining popularity on the media market - Strengthening the company position on the media market - Developing the advertising policy etc. Maximum and minimum volume of each product: Depends on the project and amount of data Characteristics and description of each product group: Information Preferable way of transportation: E-mail, post (in terms of sending hard copies) Agencies in other countries: Central Asia Company experience on export operations: SIAR Consulting Ltd works for and cooperates with companies in many countries, among which one can mention France, Germany, Japan, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkey, UK, Ukraine, United States, Uzbekistan etc. Furthermore, the company is competent counselor of Business Consulting Services Program of European Union in Azerbaijan financed by European Union (EU)

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SIAR Media Ltd

Registration Date: 24.12.2002 Field of Activity: Media and advertising research Products and services for export: Company Address a) TV Ratings Measurement Study 4, A.Maharramov str., Baku, Azerbaijan b) TV Programs and Advertisements Monitoring c) Radio Ratings Measurement Study Tel./Fax: (+994 12) 447 29 34 d) Radio Programs and Advertisements Monitoring (+994 12) 448 29 34 e) Periodicals' Popularity Measurement Study E-mail: office@siar.az f) Periodicals' Articles and Advertisements Monitoring Web-site: www.siar.az Characteristics of product(s)/service(s): Contact person(s): Mr. Ashraf Hajiyev - TV Ratings Measurement Study - TV Programs and Advertisements Monitoring - Out of all television channels broadcasting on the country's territory regularly or periodically, the airtime of 9 biggest channels that air continuously and thus are of most interest to the Clients is recorded 24/7 and monitored. - Radio Ratings Measurement Study - Radio Programs and Advertisements Monitoring - Airtime of 8 most popular FM stations airing from Baku to the Capital and regions of the country are continuously recorded and monitored. - Periodicals' Popularity Measurement Study - Periodicals' Articles and Advertisements Monitoring Maximum and minimum volume of each product: Depends on the project and amount of data Characteristics and description of each product group: Information Preferable way of transportation: E-mail, post (in terms of sending hard copies) Agencies in other countries: Central Asia Company experience on export operations: SIAR Media Ltd works and cooperates with companies in many countries, among which one can mention France, Kazakhstan, Portugal, Russia, Turkey, UK, Ukraine, Uzbekistan, etc.

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Business services & Consulting

EMBASSIES OF THE AZERBAIJAN REPUBLIC

AUSTRIA Embassy (also accredited to Slovakia, Slovenia, OSCE, UNOV, UNIDO, IAEA, CTBTO) Ambassador Extraordinary and Plenipotentiary Mr. Fuad Ismayilov Address: Hugelgasse 2, A-1130 Vienna Tel: +43 (1) 403 13 22 Fax: +43 (1) 403 13 23 E-mail: office@azembvienna.at WEB: www.azembvienna.at

BELARUS Embassy Ambassador Extraordinary and Plenipotentiary Mr. Ali Naghiyev Address: Minsk-220029, Vostochnaya str. 133/167 Tel: (375 17) 293 32 99/33 99/34 99 293 37 65 (consular section) Fax: (375 17) 237 2751 E-mail: azoffice_minsk@avilink.net WEB: www.azembassy.by

BELGIUM Embassy (also accredited to Luxemburg and to EUOB) Ambassador Extraordinary and Plenipotentiary Mr. Emin Eyyubov Address: Bruxelles, 464, Av. Moliere, 1050 BXL Tel: + 32 2 345 26 60 + 32 2 735 98 80 (consular section) Fax: + 32 2 345 91 58 + 32 2 735 92 70 (consular section) E-mail: a.gojayev@azembassy.be WEB: www.azembassy.be

BULGARIA Embassy Ambassador Extraordinary and Plenipotentiary Mr. Elman Zeynalov Address: Sofia, 1113, Iztok district, Charles Darvin 6 Tel: (+359 2) 8170070 Fax: (+359 2) 8170077 Consular section: Tel: (+359 2) 8170074 Fax: (+359 2) 8170077 E-mail: sefirlik@azerembsof.com WEB: www.azerembsof.com

CANADA Embassy (also accredited to International Civil Aviation Organization) Address: 275 Slater street, suite 904, Ottawa, Ontario, K1P5H9 Tel: +1 (613) 288 04 97 Fax: +1 (613) 230 80 89 E-mail: azerbaijan@azembassy.ca WEB: www.azembassy.ca

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CHINA Embassy (also accredited to Mongolia, Republic of Korea and Vietnam) Ambassador Extraordinary and Plenipotentiary Mr. Yashar Aliyev Address: Beijing, Qijiayuan Diplomatic Compound, Villa B-3 Tel: +86 (10) 65 32 46 14,98 Fax: +86 (10) 65 32 46 15 E-mail: mailbox@azerbembassy.org.cn WEB: www.azerbembassy.org.cn

CZECH REPUBLIC Embassy Ambassador Extraordinary and Plenipotentiary Mr. Tahir Taghizadeh Address: Na M???nce 32, Praha 6 - Hanspaulka 160 00 Tel: + 420 246032422 Fax: + 420 246032423 Consular section: Tel: + 420 246032424 Fax: + 420 246032425 E-mail: prague@mission.mfa.gov.az WEB: www.azembassyprague.az

EGYPT Embassy (also accredited to Socialist People's Lybian Arab Jamahiria, Permenent Observer to the League of Arab States) Ambassador Extraordinary and Plenipotentiary Mr. Faig Bagirov Address: Cairo, Maadi Sarayat, street 10, Villa 16/24 Tel: +202 23583790: +202 23583761 Fax: +202 23583725 E-mail: azsefqahira@link.net WEB: www.azembassy.org.eg

FRANCE Embassy Ambassador Extraordinary and Plenipotentiary Mr. Tarik Aliyev Address: Paris, Rue de la Universite 209 Tel: +33 (1) 441 860 20 Fax: +33 (1) 441 860 25 E-mail: ambazer@wanadoo.fr WEB: www.amb-azerbaidjan.fr

GEORGIA Embassy Ambassador Extraordinary and Plenipotentiary Mr. Namiq Aliyev Address: Tbilisi, Vacke-Saburtalo district, Nutsubidze Str. 47 Tel: +995 (32) 25 26 39, 25 00 14, 25 35 26, 27 Fax: +995 (32) 25 00 13 E-mail: azembassy@internet.ge WEB: www.azembassy.ge GERMANY Embassy Ambassador Extraordinary and Plenipotentiary Mr. Parviz Shahbazov Address: Berlin, Axel Springer Strasse 54A Consular section: Berlin, Kommandanten Str. 80 Tel: +49 (30) 219 16 13, 206 48 063 (consular section) Fax: +49 (30) 219 16 152 E-mail: azerbembgermany@aol.com WEB: www.azembassy.de GREECE Embassy Ambassador Extraordinary and Plenipotentiary Mr. Mir-Hamza Efendiyev Address: 10, Skoufa str., 10673 Kolonaki-Athens Consular section: 23, Vasilissis Sofias Ave. Tel: +30 210 363 27 21, 210 724 82 36 (consular section) Fax: +30 210 363 90 87, 210 724 82 37 (consular section) E-mail: az_emb_gr@yahoo.com WEB: www.azembassy.gr

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HUNGARY Embassy Ambassador Extraordinary and Plenipotentiary Mr. Hasan Hasanov Address: Budapest, Szabadsag ter. 7, Bank Center, Platina Tower, 5th floor Tel: +36 (1) 374 60 70, 71 Fax: +36 (1) 302 35 35 E-mail: bakybudapest@azerembassy.hu WEB:www.azerembassy.hu INDIA Embassy (also akkredited to Nepal Kingdom, Bangladesh, Sri Lanka and Maldives) Ambassador Extraordinary and Plenipotentiary Mr. Tamerlan Garayev Address: New Delhi, Vasant Marg, Vasant Vihar E-70 Tel: +91 (11) 26 15 22 28 Fax: +91 (11) 26 15 22 27 E-mail: azembassy@touchtelindia.net WEB: INDONESIA Embassy (also akkredited to Philippines) Ambassador Extraordinary and Plenipotentiary Mr. Ibrahim Hajiyev Address: JL., Mas Putih Blok D Persil 29 Grogol Utara Kebayoran Lama, jakarta Selatan 12210 Tel: +62 (21) 549 19 39 Fax: +62 (21) 549 17 45 E-mail: azerbembjkt@u.net.id WEB: www.azembassy.or.id IRAN Embassy (also accredited to ECO) Ambassador Extraordinary and Plenipotentiary Mr. Abbasali Hasanov Address: Tehran, Vatanpoor Str. 30 Tel: +98 (21) 221 25 54, 221 51 91 Fax: +98 (21) 221 75 04 E-mail: azaremb@neda.net WEB: www.azembassy.ir ITALY Embassy (also accredited to the Republic of San Marino, the Republic of Malta, as well as to UN FAO, IFAD and WFP) Ambassador Extraordinary and Plenipotentiary Mr. Emil Karimov Address: Roma, Viale Regina Margherita 1 Tel: +39 (06) 85 30 55 57 Fax: +39 (06) 85 83 14 48 E-mail: rome@mission.mfa.gov.az WEB: www.azembassy.it JAPAN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Azer Huseyn Address: Tokyo, Meguro-ku, Higashigaoka 1-19-15 Tel: +81 (3) 54 86 47 44 Fax: +81 (3) 54 86 73 74 E-mail: info@azerbembassy.jp WEB:

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JORDAN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Elman Arasli Address: Abdoun, Muhammad Ali Bdair str. Tel: +9626 593 55 25/21 23 Fax: +9626 593 28 26 E-mail: amman@mission.mfa.gov.az WEB: www.azembassyjo.org

KAZAKHSTAN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Latif Gandilov Address: Astana, Diplomatic city, Residence C-14 Tel: +7 (317) 24 15 81 Fax: +7 (317) 24 16 90 E-mail: astana@azembassy.kz WEB: www.azembassy.kz KIRGIZSTAN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Arif Aghayev Address: Shukurov str. 41 Tel: (+99 63 12) 51 07 70 Fax: (+99 63 12) 51 31 72 E-mail: biskek@mission.mfa.gov.az WEB: KOREA Embassy Ambassador Extraordinary and Plenipotentiary Mr. Rovshan Jamshidov Address: 3rd Floor, Annex Building, Hannam Tower, 730 Hannam-dong, Yongsan-gu, Seoul 140-893, Republic of Korea Tel: + 822 797 1765, 797 1766 Fax: + 822 792 1767 E-mail: seoul@mission.mfa.gov.az WEB: www.azembassy.co.kr KUWAIT Embassy Ambassador Extraordinary and Plenipotentiary Mr. Shahin Abdullayev Address: Al-Kuwait, Al-Yarmuk Str. 1, House 15 Tel: +965 535 52 47 Fax: +965 535 52 46 E-mail: kuwait@mission.mfa.gov.az WEB:www.azerembassy-kuwait.org LATVIA Embassy (also akkredited to Estonia) Ambassador Extraordinary and Plenipotentiary Mr. Tofiq Zulfuqarov Address: 3 Raina Bulvaris, Riga Tel: (371) 714 28 89/90/91/92/93/94 Fax: (371) 714 28 96 E-mail: riga@azembassy.lv WEB: www.azembassy.lv LITHUANIA Embassy Ambassador Extraordinary and Plenipotentiary Mrs. Naira Shakhtakhtinskaya Address: Olimpieciu 5-7 Tel: (+370) 5219 00 42 Fax: (+371) 5219 56 01/02 E-mail: info@azembassy.lt WEB: MALAYSIA Embassy Ambassador Extraordinary and Plenipotentiary Mr. Tahir Karimov Address: 2nd floor, Wisma Chinese Chamber # 258, Jalan Ampanq 50450, Kuala Lumpur Tel: + 60 (3)4252 6800; 4253 4800 Fax: + 60 (3) 4256 195 E-mail: azembkl@streamyx.com WEB: www.azembassy.com.my

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MOLDOVA Embassy Ambassador Extraordinary and Plenipotentiary Mr. Isfendiyar Vahabzadeh Address: Kishineu, 64 Kogelnichanu Str. Tel: (+373 22) 232 277 Fax: (+373 22) 227 558 E-mail: chisinau@mission.mfa.gov.az WEB: www.azembassy.md

MOROCCO Embassy (also akkredited to Tunis, Mauritania and Senegal) Ambassador Extraordinary and Plenipotentiary Mr. Sabir Aghabayov Address: Rabat, Aqdal region, Abu Hanifa Str. 3 Tel: 00 212 37 671915 00 212 37 671922 Fax: 00212 37 671918 E-mail: azembma@menara.ma Web:

NETHERLANDS Embassy (also accredited to Organization for the Prohibition of Chemical Weapons) Ambassador Extraordinary and Plenipotentiary Mr. Fuad Iskandarov Address: Laan Copes van Cattenburch 127, 2585 EZ, The Hague Tel: +3170 3921939 / +3170 3609743 Fax: +3170 3469604 Consular section: Tel: +3170 3469604 Fax: +3170 3627165 E-mail: info@azembassy.nl WEB:

PAKISTAN Embassy (also akkredited to Afganistan) Ambassador Extraordinary and Plenipotentiary Mr. Eynulla Madatli Address: Islamabad, Ataturk Avenue, G-6/3, Str. 87, House 14 Tel: +92 (51) 282 93 45, 282 34 55 Fax: +92 (51) 282 08 98, 282 91 65 (consular section) E-mail: azeremb@isb.paknet.com.pk WEB: www.azembassy.com.pk

POLAND Embassy Ambassador Extraordinary and Plenipotentiary Mr. Vilayat Quliyev Address: Warszawa, Zwyciencow 12 Tel: +48 (22) 616 21 88, 617 67 28 Fax: +48 (22) 616 19 49 E-mail: info@azer-embassy.pl WEB:www.azer-embassy.pl

ROMANIA Embassy Ambassador Extraordinary and Plenipotentiary Mr. Eldar Hasanov Address: Bucharest, Grigore Gafencu 10, Sector 1 Tel: +40 (21) 233 24 66, 84, (788) 43 25 45, 46 Fax: +40 (21) 233 24 65 E-mail: azsefroman@azembassy.ro WEB: www.azembassy.ro

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RUSSIA Embassy Ambassador Extraordinary and Plenipotentiary Mr. Polad Bulbuloqlu Address: Moscow, Leontiyevskiy pereulok 16 Tel: +7 (495) 629 43 32, 629 16 49 +7 (495) 629 55 46, 602 45 83 (consular section) +7 (495) 602 45 72 (press service) Fax: +7 (495) 602 50 72 E-mail: azerirus@cnt.ru WEB: www.azembassy.msk.ru

SAUDI ARABIA Embassy (also accredited to Bahrain, Oman and Organization of Islamic Conference) Ambassador Extraordinary and Plenipotentiary Mr. Tofiq Abdullayev Address: Riyadh, Al Worood Guarter St. of Amir Feysal Bin Saud Abdul Alrahman 59, Aloroba Road Tel: +966 (1) 419 23 82 Fax: +966 (1) 419 22 60 E-mail: azembassy@awainet.net.sa WEB: www.azembassy.org.sa

SPAIN Embassy (also accredited to Andorra and World Tourism Organization) Ambassador Extraordinary and Plenipotentiary Mr. Mamed Aliyev Address: Calle Ronda Avutarda 38, 28043 Madrid Tel: (+3491) 759 60 10 Fax: (+3491) 759 70 56 E-mail: info@azembajada.es WEB: www.azembajada.es

SWEDEN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Rafael Ibrahimov Address: Karlavagen 60 Tel: (+468) 411 24 55 Fax: (+468) 411 24 58 E-mail: azerembassy@gmail.com WEB:

SWITZERLAND Embassy (also accredited to Holy See and Liechtenstein) Ambassador Extraordinary and Plenipotentiary Mr. Elchin Amirbayov Address: Dalmaziquai 27, CH 3005 Bern Tel: 0041 31 350 50 40 Fax: 0041 31 350 50 41 E-mail: info@azembassy.ch WEB: www.azembassy.ch

TADJIKISTAN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Maharram Aliyev Address: Parxaskaya str. 1 Tel: (+992 37) 227 11 90/91 Fax: (+992 37) 227 66 51 (+992 37) 227 11 92 (consular section) E-mail: dusanbe@mission.mfa.gov.az WEB:

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TURKEY Embassy (also accredited to Macedonia) Ambassador Extraordinary and Plenipotentiary Mr. Zakir Hashimov Address: Ankara, Diplomatic Site, Baku Sokak. 1, Oran Tel: +90 (312) 491 16 81, 82, 83 Fax: +90 (312) 492 04 30 E-mail: azer-tr@tr.net WEB: www.azembassy.org.tr TURKMENISTAN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Elkhan Huseynov Address: Ashgabad, M.Kosayev 62A Tel: +993 (12) 39 11 02, 35 00 95 Fax: +993 (12) 39 14 47 E-mail: azsefir_ashg@online.tm WEB: www.azembassyashg.com UKRAINE Embassy (also accredited to Belarus) Ambassador Extraordinary and Plenipotentiary Mr. Talat Aliyev Address: Kiev, Glubochiska 24 Tel: +380 (44) 484 69 39, 40, 47 Fax: +380 (44) 484 69 46 E-mail: embass@faust.kiev.ua WEB: www.azembassy.org.ua UNITED ARAB EMIRATES Embassy Ambassador Extraordinary and Plenipotentiary Mr. Eldar Salimov Address: Abu Dhabi, Al-Bateen Area, Villa Sector W/16, Plot N-297 Tel: +971 (2) 666 28 48 Fax: +971 (2) 666 31 50 E-mail: azembasy@emirates.net.ae WEB: UNITED KINGDOM Embassy (also accredited to Ireland and Norway) Ambassador Extraordinary and Plenipotentiary Mr. Fakhraddin Gurbanov Address: London, 4 Kensington Court, W8 5DL Tel: +44 (207) 938 34 12 Fax: +44 (207) 937 17 83 E-mail: sefir@btinternet.com WEB: www.azembassy.org.uk USA Embassy (also accredited to Mexico and Organization of American States) Ambassador Extraordinary and Plenipotentiary Mr. Yashar Aliyev Address: Washington D.C, 2741 34th Str. Tel: +1 (202) 337 35 00, 337 59 12 (consular section) Fax: +1 (202) 337 59 11, 337 59 13 (consular section) E-mail: azerbaijan@azembassy.us WEB: www.azembassy.us UZBEKISTAN Embassy Ambassador Extraordinary and Plenipotentiary Mr. Namiq Abbasov Address: Tashkent, Shark Tongi 25 Tel: +998 (71) 173 61 67 Fax: +998 (71) 173 26 58 E-mail: sefir@tsk.sarkor.uz WEB: www.azembassy.uz

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MISSION TO NATO (also accredited to OPCW) Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Kamil Xasiyev Address: Brussels, NATO HQ, Bd. Leopold 3 Tel: +32 (2) 707 27 97 Fax: +32 (2) 707 27 98 E-mail: azerbaijan@hq.nato.int WEB: www.nato.int/pfp/azerbaijan

MISSION TO UNESCO Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mrs. Eleonora Husseynova Address; 1, rue Miollis, 75732 Paris Cedex 15, France Tel: + 33 (1) 45 68 34 00; 45 68 28 77; 45 68 28 78 Faks: + 33 (1) 43 06 05 47 E-mail: dl.azerbaidjan@unesco.org WEB:

PERMANENT MISSION TO THE COUNCIL OF EUROPE Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Arif Mammadov Address: Strasbourg, Rue Westercamp 2 Tel: +33 (390) 22 20 90 Fax: +33 (390) 22 20 99 E-mail: azrepcoe@wanadoo.fr WEB: www.azmissioncoe.org

PERMANENT MISSION TO THE UN (also accredited in Cuba) Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Akshin Mehtiyev Address: New York, 866 UN Plaza, Suite 560 Tel: +1 (212) 371 25 59, 371 28 32, 371 27 21 Fax: +1 (212) 371 27 84, 371 26 72 E-mail: azambassador@un.int WEB: www.un.int/azerbaijan

PERMANENT MISSION TO THE UN OFFICE AND OTHER INTERNATIONAL ORGANIZATIONS AT GENEVA Ambassador Extraordinary and Plenipotentiary, Permanent Representative Mr. Elchin Amirbayov Address: Rue de Lausanne 67, 1202 Geneva Tel: 0041 22 901 18 15 Fax: 0041 22 901 18 44 E-mail: geneva@mission.mfa.gov.az WEB: www.azerbaijan-un-geneva.az/mission.php

CONSULATE GENERAL IN ISTANBUL (also accredited to BSEC) Consul General Mr. Sayyad Salahly Address: Istanbul, Sumbul Sokak 17, Levent 1 Tel: +90 (212) 325 80 42, 45 Fax: +90 (212) 284 95 79 E-mail: istanbul@mission.mfa.gov.az WEB: www.azconsulateistanbul.org.tr

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CONSULATE GENERAL IN KARS Consul General Mr. Hasan Zeynalov Address: Sukapi mahallesi, Eski Erzrum caddesi, Dostluq sitesi N 123 Tel: +90 (474) 223 64 75, 223 13 61 Fax: +90 (474) 223 87 41 E-mail: azconsulatekars@ttnet.net.tr WEB: www.azconsulatekars.org.tr

CONSULATE GENERAL IN LOS ANGELES Consul General Mr. Elin Suleymanov Address: 11766 Wilshire Blvd., Suite#1410, Los Angeles, CA 90025 Tel: 1 310 444 9101 Fax: 1 310 477 4860 E-mail: info@azconsulatela.org; office@azconsulatela.org; consul@azconsulatela.org WEB: www.azconsulatela.org

CONSULATE GENERAL IN ST. PETERSBURG Consul General Mr. Goudsi Osmanov Address: St. Petersburg, Ulitsa Marata 73 Tel: +7 (812) 571 29 44, 571 28 45 Fax: +7 (812) 571 29 45 E-mail: azconsul@mail.wplus.net WEB:

CONSULATE GENERAL IN TABRIZ Consul General Mr. Aykhan Suleymanov Address: Tabriz, Kamarbandi khiyabani, Shahid Ayatullahi Str. Tel: +98 (411) 335 99 01, 02, 03 Fax: +98 (411) 335 99 04 E-mail: office@azconsulatetebriz.ir WEB:

HONORARY CONSULATE IN LEBANON Honorable Consul Mr. Nazih Gassub Address: Beirut, Jdeidel el Mein, Bourj Hammoud, Ghossoub Center, Area 7, Str. 2, Bld. 120 Tel: +961 (1) 48 20 00, 49 29 90 Fax: +961 (1) 49 86 30 E-mail: freka@dm.net.lb

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*As of May 2008