Azerbaijan, what opportunities beyond TapPietro Urso
Azerbaijan is a very interesting market for Italian companies, in fact it has a dynamic Growth Rates (+ 5.3%, GDP growth estimated for 2013), several power sourcesand a sovereign fund (SOFAZ) with large possibility of investment.
The country has good political situation and general security. Also conditions of insurability by SACE provide full opening on three types of risk (sovereign, banking and private).
For five years, Italy was the first trading partner of Azerbaijan and bilateral relations are intense and in development.
Azarbaijan was the subject of various government missions: Deputy Minister for Economic Development Adolfo Urso (2010) with a delegation of more than 50 companies and, most Recently, the Mission of the President Letta.
Letta has focused his mission on project of the Trans-Adriatic pipeline (TAP) that will connect Greece to the southern coasts of Italy – passing through Albania and the Adriatic Sea – so gas coming from the Caspian Sea will reach directly the European Markets.
In order to increase presence of Italian companies in the country, will be on November the Business Mission to Baku organized by Confindustria, Ance and Federpogetti. The objective of the mission is to explore market of Oil&Gas, Industry and Infrastructure and buildings. For intercept real business opportunity, IWS is organizing a scouting mission in Azerbaijan.