Azerbaijan is a country in the South Caucasus region. The country has an economy that has completed its post-Soviet transition into a major oil-based economy (with the completion of the Baku-Tbilisi-Ceyhan Pipeline), from one where the state played the major role. The government has largely completed privatization of agricultural lands and small and medium-sized enterprises. In August 2000, the government launched a second-stage privatization program, in which many large state enterprises will be privatized. Since 2001, the economic activity in the country is regulated by the Ministry of Economic Development of Azerbaijan Republic.
Notable firms
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes |
---|---|---|---|---|---|
Azerbaijan Caspian Shipping Company | Industrials | Marine transportation | Baku | 1858 | National Sea Line |
Azerbaijan Railways | Industrials | Railroads | Baku | 1878 | National railways |
Medeniyyet TV | Consumer services | Broadcasting & entertainment | Baku | 2011 | Culture television |
AccessBank Azerbaijan | Financials | Banks | Baku | 2002 | Micro-finance bank |
AF Holding | Conglomerates | - | Baku | 1991 | Construction, production, property, retail, tourism |
AF Hotel Group | Consumer services | Hotels | Baku | 1991 | Hotel chain, part of AF Holding |
Azersu Open Joint Stock Company | Utilities | Water | Baku | 2004 | Water and sanitation service |
Akkord Industry Construction Investment Corporation | Industrials | Heavy construction | Baku | 2005 | Construction |
ANS Group of Companies | Consumer services | Broadcasting & entertainment | Baku | 1990 | News and broadcasting |
AtaBank | Financials | Banks | Baku | 1993 | Commercial bank |
Azerigasbank | Financials | Banks | Baku | 1992 | Commercial bank |
Azərpoçt | Industrials | Delivery services | Baku | 1999 | Postal services |
Azad Azerbaijan TV | Consumer services | Broadcasting & entertainment | Baku | 2000 | Television |
Azal Avia Cargo | Industrials | Delivery services | Baku | 1996 | Cargo airline |
Azerbaijan Airlines (AzAL) | Consumer services | Airlines | Baku | 1992 | National airline |
Azerbaijan International Mineral Resources Operating Company | Basic materials | Gold mining | Baku | 2007[1] | Gold production |
Azerbaijanfilm | Consumer services | Broadcasting & entertainment | Baku | 1920 | Movie production |
Azercell | Telecommunications | Mobile telecommunications | Baku | 1996 | |
Azercosmos | Space industry | Satellite sector | Baku | 2010 | National satellite operator |
Azerenerji | Utilities | Conventional electricity | Baku | 1996 | Power distribution |
AzeriCard | Financials | Specialty finance | Baku | 1997 | Financial services |
Azersun Holding | Consumer Goods | Food products | Baku | 1991 | Food manufacturing |
AzMeCo | Oil & gas | Exploration & production | Baku | 2007 | Methanol production |
Azpetrol | Oil & gas | Integrated oil & gas | Baku | 1997 | Oil and gas stations |
AzQTel | Telecommunications | Fixed line telecommunications | Baku | 2005 | |
AzSamand | Consumer goods | Automobiles | Shamakhi | 2005 | Automotive |
AzTV | Consumer services | Broadcasting & entertainment | Baku | 1956 | State-owned broadcaster |
Bahra Biscuit Factory | Consumer goods | Food products | Baku | 2006 | Food industry |
Baku Carriage Repair Factory | Consumer Services | Transportation services | Baku | 1892 | Rolling Stock |
Baku Cargo Terminal | Industrials | Transportation services | Baku | 2005 | Cargo terminal |
Baku Metro | Consumer Services | Transportation services | Baku | 1967 | Metro |
Baku Shipyard LLC | Industrials | Shipbuilding | Baku | 2010 | Shipyard |
Bank Respublika | Financials | Banks | Baku | 1992 | Commercial bank |
Caspian Drilling Company | Oil & gas | Exploration & production | Baku | 1996 | Petroleum |
Caspian Telecom | Telecommunications | Fixed line telecommunications | Baku | 1997 | |
Central Bank of Azerbaijan | Financials | Banks | Baku | 1992 | {{{6}}} |
DekaBank | Financials | Banks | Baku | 1989 | Commercial bank |
Ganja Auto Plant | Consumer goods | Automobiles | Ganja | 1986 | Automotive |
Gazelli Group | Consumer goods | Personal products | Baku | 1999 | Cosmetics |
İctimai Television | Consumer services | Broadcasting & entertainment | Baku | 2005 | Public television |
Idman Azerbaijan TV | Consumer services | Broadcasting & entertainment | Baku | 2009 | State-owned sports broadcaster |
Inter Glass | Consumer goods | Durable household products | Baku | 2008 | Glass products |
International Bank of Azerbaijan | Financials | Banks | Baku | 1992 | {{{6}}} |
International Insurance Company | Financials | Full line insurance | Baku | 2002 | {{{6}}} |
Kapital Bank | Financials | Banks | Baku | 1874 | |
Lankaran International Airport | Industrials | Transportation services | Lankaran | 2008 | {{{6}}} |
Lider TV | Consumer services | Broadcasting & entertainment | Baku | 2000 | Television |
MDI Azerbaijan | Industrials | Defense | Baku | 2005 | Arms production |
Nakhchivan Automobile Plant | Consumer goods | Automobiles | Nakhchivan | 2006 | Automotive |
Nakhtel | Telecommunications | Mobile telecommunications | Nakhchivan | 2014 | |
Nar Mobile | Telecommunications | Mobile telecommunications | Baku | 2005 | |
Park Bulvar | Consumer services | Broadline retailers | Baku | 2010 | Shopping mall |
PASHA Holding | Conglomerates | - | Baku | 2006 | Banking, construction, development, insurance, property, tourism |
Region TV | Consumer services | Broadcasting & entertainment | Baku | 2014 | Regional television |
Shollar water | Consumer goods | Beverages | Baku | 1899 | Beverage |
Silk Way Airlines | Industrials | Delivery services | Baku | 2001 | Cargo airline |
SOCAR | Oil & gas | Exploration & production | Baku | 1992 | State-owned oil and gas |
Sumgayit Chemical Industrial Park | Consumer services | Chemical | Sumgayit | 2011 | Chemical Industry |
Sumgayit Technologies Park | Consumer services | Industrial | Sumgayit | 2009 | Industry |
SW Business Aviation | Consumer services | Airlines | Baku | 2007 | Airline |
Topaz | Consumer services | Gambling | Baku | 2011 | Bookmaker |
Unibank | Financials | Banks | Baku | 2002 | Private bank |
Vinagro | Consumer goods | Distillers & vintners | Baku | 2006 | Beverage |
- Headquarters of Pasha Holding located in Port Baku Towers.
See also
- List of Azerbaijanis
- List of startups of Azerbaijan