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"Foreign Business in Azerbaijan: Business Climate Survey 2021” is a stand-alone publication released by the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) in cooperation with KPMG Azerbaijan. This Report is based on the findings of business climate survey reflecting the feedback on the activities of foreign business representatives in Azerbaijan with a specific focus on the investment climate in the country.

The online survey, distributed in May-July 2021, consisted of 21 questions in total, incorporating basic information about the profiles of participating companies, questions about the current economic situation, and the near-term business outlook. Moreover, it included questions on the investment climate in the country and efficiency of the ongoing economic reforms, along with necessary reforms to improve the inflow of foreign capitals in the country. To ensure the acquisition of a set of comparable data overtime, most of the questions remained the same compared to last year. To account for the recent developments, in this edition, some questions were slightly rephrased and two new questions were included to understand the company’s intentions to participate in the economic revival of the Karabakh and Eastern Zangezur region

This report is a great tool introducing the first-hand feedback of the foreign companies operating in the country to the relevant government representatives and setting the groundwork for public-private dialogue on the subject matter.

We express our cordial thanks to the representatives of foreign businesses who gave us their valuable time by participating in our survey and sharing their views with us in interviews and discussions.

Read the full report here.

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