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business sweden in Azerbaijan

Azerbaijan's economic growth has increased significantly in recent years. Azerbaijan exports 430,000 barrels of oil per day and counts as one of Europe's largest oil exporters.

Azerbaijan has survived the global crisis better than many other countries. Living standards have risen and poverty has declined. The relative prosperity, however, is based on the oil and gas industry and the country needs to diversify and develop its industry, expand healthcare and modernize agriculture. Education is another area that needs improvement.

Azerbaijan creates a favorable climate for investment, with foreign direct investment in 2011 amounted to $ 4.4 billion, mainly in the oil and gas sector.