Formula 1 Azerbaijan Grand Prix
Baku - Baku City Circuit
Formula 1 Azerbaijan Grand Prix
06.06.2021 | Baku - Baku City Circuit
Business
Statistics:
Italy, France, Russia, Germany and Turkey.
Economy:
Azerbaijan's economy is centered on its large oil and gas industry. Most of the reserves are located in the Caspian Sea basin and the Azeri government has signed a number of major deals with a variety of consortia for the exploration and development of various offshore fields.
Construction, banking, tourism and real estate have also shown recent growth.
Literacy for both men and women nudges 100%. The currency unit is the Manat, which is conveniently close in value to the Euro.
Business Etiquette:
Doing business in Azerbaijan is quite straightforward but your success often depends on who you know. All documents should be translated into Azeri and you may need a local fixer/translator. Be prepared to take your time and drink lots of chai – the delicious, low-tannin local tea. Azeris are no pushover and are renowned for their negotiating skills.
Business attire is similar to that in southern Europe for both men and women. A smart look is the norm. Suits are widely worn but in summer a short-sleeved shirt is suffice.
Local businesswomen wear sharp skirts and high heels but you may want to check the uneven pavements before copying. July and August are searingly hot with temperatures in Baku approaching 40°C (104°F) and winters are cold and windy. Dress accordingly.
Mon-Fri 0900-1700.
Business Contacts: Address: NW,1212 Potomac Street,Washington DC 20007,