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Azerbaijan Country Presentation

Azerbaijan Country Presentation. Basics. Establishment: 28 May 1918 Independence: 18 October 1991 Area : 86.6 thsd km2 Population: 9 . 48 million Official Language: Azerbaijani

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Azerbaijan Country Presentation

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  1. Azerbaijan Country Presentation

  2. Basics • Establishment: 28 May 1918 • Independence: 18 October 1991 • Area: 86.6 thsdkm2 • Population: 9.48 million • Official Language: Azerbaijani • Government system: Presidential Republic • Membership in: UN, Council of Europe, OSCE, Non-Aligned Movement, OIC • Highlights: • 1st democratic republic in the Islamic world • 1st Opera in the Islamic world • Women voting right in 1918 • (while in Italy - 1946; Switzerland - 1971; France – 1944) • Currency: Manat: 1 AZN = 1.27 USD • 1.01 EUR

  3. Characteristics of economy ECONOMIC STABILITY FAVOURABLE BUSINESS AND INVESTMENT CLIMATE PRIVATE SECTOR CLEAR VISION FOR FUTURE

  4. Economic stability: Macroeconomy 8th among 148 countries in terms of stability of macroeconomic environment Source: World Economic Forum 2nd fastest growing economy among 179 countries for GDP per capita growth in 2001-2010 Source: The Economist

  5. Economic stability: Diversification Structure of GDP Diversification of economy and development of non-oil sectors are key strategic priority of economic policy

  6. Economic stability:Competitiveness GLOBAL COMPETITIVENESS REPORT 2014-2015 The report assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity. 1st among CIS countries (6times running), 38thamong 144countries Other indicators (place among 144): Inflation– 1st Macroeconomic environment – 9th Government budget balance – 15th General government debt – 12th Labour market efficiency – 33rd Capacity for innovation – 43rd Technological readiness – 56th

  7. Business enabling environment

  8. Business enabling environment WB Doing Business Report 2014 70th among 189 countries 15th among the 50 economies narrowing the distance to frontier the most since 2005. The distance to frontier measure shows how far on average an economy is from the best performance achieved by any economy on each Doing Business indicator since 2005. Some sub-indicators: Starting a business– 10th Registering property – 13th Investor protection – 22nd Enforcing contracts – 28th Getting credit – 55th In Global Competitiveness Index 2013-2014 (rank/148): Hiring and firing practices – 8th Burden of government regulation – 21st Strength of investor protection – 25th

  9. Liberal investment climate

  10. Liberal investment climate Foreign 83.7bln USD Domestic 88.7bln USD 1995-2013 Non-oil sector 64% Oil sector 36% Total Investments 172.4bln USD

  11. Food industry/agriculture

  12. Tourism

  13. ICT

  14. Industry

  15. Special zones

  16. Special zones

  17. Azerbaijan Investment Company Supporting Non-Oil Sector Development

  18. ABOUT AIC “Azerbaijan Investment Company” OJSC (AIC) is a state owned equity fund, established by the Presidential Decree on the 30th of March 2006 AIC serves the purpose of developing non-oil sector of the national economy via termed equity injections Supervisory Board is the supreme governing body of AIC

  19. OBJECTIVES Supporting non-oil sector development via termed equity investments in commercially viable projects and investment funds Attraction of local and foreign investments into the economy of Azerbaijan Increase market value and competitiveness of investee companies by integrating new technologies and know-how, and promoting modernization and innovation Support development of capital markets in Azerbaijan

  20. KEY INVESTMENT PRINCIPLES Investments in all sectors excluding oil and gas industry Investments into brownfield or greenfield projects Minority shareholding in the invested projects

  21. INVESTMENT CRITERIA Competitive products IFRS compliance Independently audited financial statements Corporate governance best practices Board member at investee companies

  22. Subjectto terms of shareholders’ agreement AIC may choose from the following exit strategies: EXIT STRATEGY Divestment via IPOs Sale to third-party strategic acquirers Sale to existing shareholders

  23. PORTFOLIO DISTRIBUTION

  24. Azerbaijan Investment Company 37 Khojali Ave. Baku, Azerbaijan AZ1025 TEL: (+99412) 488 8010 FAX: (+99412) 488 8012 info@aic.az www.aic.az

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