Information about the partnership
Azerbaijan is an important economic partner in the Southern Caucasus region. It is a significant economic player in the region, primarily through the export of oil and gas. While the export of energy resources characterises Azerbaijan’s economy, diversification into other sectors is becoming increasingly important. This offers a wide range of opportunities for German companies in Azerbaijan. Partnering in Business with Germany actively supports business partnerships between SMEs from Germany and Azerbaijan – through networking and B2B of suitable competent executives in search of business partners for long-term co-operations.
Focus Areas and Cooperation Potentials of Azerbaijan
Azerbaijan has rich oil and gas resources and is the largest economy in South Caucasus. Its economic policy focus is on speeding up economic development beyond the oil and gas sector. The country is pushing for greater use of renewable energy sources in electricity generation.
Azerbaijan is currently investing in agro-industrial parks for agricultural and food production. It is establishing a value chain for the extraction and processing of iron ore. The services, information and communication, and tourism sectors are growing. There is great potential for cooperation between companies from Germany and Azerbaijan in the areas of water, waste water, and waste management.
Business in Azerbaijan – Opportunities for German Companies
As a major supplier of energy resources, the Azerbaijan exerts a strong influence on the economy. At the same time, imports of goods such as machinery, electrical goods, vehicles and vehicle parts are taking place to promote economic development.
Azerbaijan is developing rapidly in the field of renewable energy. By 2030, the share of renewable electricity is set to rise to 35 per cent, compared to 20 per cent today, which opens up new business opportunities for German companies in the energy sector. The country is capitalising on its great potential in renewable energies and is planning to produce green hydrogen in the long term. There are also plans to export green electricity to the EU by submarine cable. Azerbaijan is gaining importance as a strategic hub in the Middle Corridor. Azerbaijan’s economy offers attractive investment opportunities in trade between Europe and Asia as well as in logistics, providing a promising opportunity for German companies wishing to enter the Azerbaijani energy market.
Industry Focus and Participant Profiles
Partnering in Business with Germany is open to executives from all sectors. Companies from Azerbaijan are particularly interested in industry-specific groups and issues such as green technologies, IT, digitisation and process optimisation, food production and technology, smart farming and healthcare.
Former programme participants use social media to connect with one another; this is coordinated by one of the programme’s former participants. An ‘alumni club’ has been set up and the registration of an alumni association initiated
News
Great opportunities for German logistics providers in Azerbaijan
In light of its favourable strategic location between Europe and Asia, Azerbaijan is increasingly becoming an important gateway to the emerging markets of the Caucasus and Central Asia. The country is therefore expanding its role as logistics and energy hub, and this provides new opportunities for investment and cooperation in the fields of infrastructure and renewable energy for German companies.
Tradition and innovation lead to international success
As one of the market leaders in automation with vacuum and for ergonomic handling systems, Schmalz GmbH has been a partner in worldwide demand for years. Azerbaijani managers visited the company to see the innovative strength of the company and gained important insights into international business processes.
A Springboard to Success
His participation in the Manager Training Programme was a career boost for Fizuli Yolchiyev from Azerbaijan. After six years as Purchasing Manager at Facet LLC, a wholesale firm for medical technology, he was promoted to the position of Head of Purchasing. Since then, he has particularly intensified the cooperation with German firms.
