BAKU, Azerbaijan, May 20. Sold out Business
Class in Air Carriers and flight connections bettering, we see
clear indicators of rising curiosity within the Azerbaijani market,
regardless of the worldwide challenges, Tobias Baumann, Executive Director
of German-Azerbaijani Chamber of Commerce (AHK Azerbaijan), informed
Trend in an
On the again of the battle in Ukraine, the vitality costs develop. This
is unhealthy information throughout, and particularly for shoppers however on the opposite
aspect it means good earnings, and additional enterprise improvement for
Azerbaijan, Baumann mentioned.
Meanwhile, based on the chief director, the commerce
indicators between Azerbaijan and Germany improved considerably
during the last yr, in comparison with the coronavirus pandemic yr of
2020, with the entire commerce turnover reaching 1 billion euros.
German exports to Azerbaijan in 2021 reached 300 million euros,
whereas the official variety of imports totaled 700 million euros. The
indicators of the primary quarter of 2022 additionally look higher, he
Further talking, AHK government mentioned that German firms may
provide a variety of options for the reconstruction of
Azerbaijan’s Karabakh area beginning with native infrastructure,
water administration, and electrical energy.
According to the chief director, Germany has totally different
options for farming, renewable vitality, tunnels building, and
de-mining as properly. Germany’s involvement within the de-mining course of
prepares the bottom for future investments, he famous.
“Currently, Germany is concerned in a number of building
tasks. We have a German-Azerbaijani three way partnership engaged on
airports and roads. Our architects present options for housing
building as properly,” Baumann mentioned.
As the chief director defined, there’s a big potential
to implement extra tasks in Karabakh. After first rounds of fast
challenge implementation firms count on tender procedures to
normalize. This could result in additional alternatives for German
Moreover, a German led consortia of three firms collectively
with their companions plans to spend money on a brand new aluminum plant in
Azerbaijan’s Ganja metropolis.
“The total quantity of the investments within the challenge will
quantity to 300 million euros. Compared to what now we have seen within the
final years, this can be a huge determine,” he famous.
As Baumann defined, the variety of German firms working in
Azerbaijan is at all times altering. Germany is engaged in tasks in
Azerbaijan in numerous sectors, resembling heavy transport,
set up, distribution of equipment, and extra.
“We do have firms which might be completely based mostly in Azerbaijan
as properly. Overall, based on our estimates, there are round 200
German firms lively in Azerbaijan yearly,” he added.
Further talking, Baumann famous that Azerbaijan is a significant oil
and gasoline provider to Germany.
“German firms are actively concerned in Southern Gas Corridor
challenge. Now now we have critical problems with our gasoline companions
from Russia, so we’re in search of other ways to diversify
gasoline provides,” Baumann mentioned.
Baumann famous that Germany provides drilling tools to
Azerbaijan for exploration, environmental safety tasks’
implementation. German assist to Azerbaijani vitality sector on this
regard additionally contains help to the Oil sector and oil mud
separation in waste administration.
“German firms provide Azerbaijani companions with tools for
numerous industries – textile, cattle-breeding, meals manufacturing.
Specialized German engineers additionally designed the roof for Crystal
Palace constructing in Baku along with Swiss companions,” Baumann
Germany want to name for extra vitality firms to affix AHK
Azerbaijan. Currently, the variety of the members of the Chamber
reached 160, which is a document determine, the chief director
“One of our members, Uniper SE, German vitality firm, is one among
the primary gasoline merchants. We want to invite extra firms
engaged in vitality producing, renewable vitality, and hydrogen
era, that are the sectors of the longer term, and the sector we
plan engaged on,” he famous.
According to AHK government, the Chamber already plans on
receiving a renewable vitality delegation in June 2022. He additionally famous
that the Chamber had a delegation for water waste administration and
native infrastructure in September 2021, which was fairly profitable
“We additionally invite our members of various sectors to come back
collectively in working teams. Recently, we launched an vitality
transition working group and had our first session,” he added.
Summing up, Baumann mentioned that German firms are largely
engaged in tasks’ implementation in Azerbaijan’s logistics
sector, and transport options. Such German firms as DHL,
Rhenus Logistics, Hansa Meyer Global, DB Schenker, Kuehne+Nagel,
and others are concerned in SOCAR’s logistics.
Moreover, based on the chief director, German firms
in Azerbaijan are specialised within the area of heavy tools
“For them, Azerbaijan is a marketplace for tools, client items
and particular options within the engineering trade. Plenty of
these firms have consultant places of work in Baku,” added
As up to now, Azerbaijan has not but been a significant location for
German investments. But with the talked about aluminum challenge, the
improvement of Karabakh, and new worldwide agreements, this may increasingly
change within the close to future.