The Republic of Azerbaijan is located in the South Caucasus, west of the Caspian Sea basin. The area is 86.6 thousand square km, the population is about 10 million people. The capital is Baku. The main industrial cities are Baku, Sumgait, Ganja, Mingachevir, etc.
The Republic of Azerbaijan borders with the Russian Federation in the north, Georgia in the northwest, Armenia in the west and southwest, Turkey in the west and Iran in the south. It borders with Turkmenistan, Kazakhstan, Iran and Russia in the Caspian sector.
Azerbaijan has bilateral diplomatic relations with 159 countries, including all neighboring countries (except Armenia - more). At the same time, Azerbaijan conducts foreign trade operations with 195 countries (2019).
Thus, the main factors determining the attractiveness of Azerbaijan for foreign investors are:
- Favorable geographical position
- Logistic opportunities
- Political stability
- Diplomatic and trade relations with foreign countries
- Favorable investment climate