The new Dubai is created on the Caspian Sea

 

 

English version

Broadcasted by DPA, Germany Biggest Agency, published in several leading newspapers in the world

 

Luxury sedans and new SUV parked in front of the window displays more expensive stores. The once-gray facades in the Azerbaijani capital Baku are dressed up in more and more streets with sand-colored stone. Furthermore cranes lift construction material in buildings, will be used in their work in new offices and luxury apartments. Everywhere, workers with a noise impact hammers and power saws.

The city has spruced itself within a few years. Luxury hotels have opened and provide foreign businessmen sushi for breakfast, where previously only greasy omelet was served with sausages and white bread. In his twisting stumbled upon the numerous Baugräben that were torn up for the renewal of infrastructure.

Since the year 2006 rolls of dollars in oil and gas rich Caucasus republic, for almost four years ago now, the BTC adopted - pipelines to operate. In it the black gold from Baku on the Georgian capital Tbilisi to Ceyhan on Turkey's Mediterranean coast is pumped - directly to the Western energy markets.

Baku that a kind of "Dubai of the Caspian Sea" will be, is in the two-million city is now a household word. The approximately eight million inhabitants, Azerbaijan hopes that it can benefit permanently from their own natural resources and its strategic position. For it offers itself as a bridgehead for access to Central Asian energy resources.

"We steer our course. We know what we want," said the Azerbaijani Foreign Minister Elmar Mammadyarov. "The energy resources are very important for our national security, our sovereignty and our way towards a regional player."

A kind of bridge is also the office of the German-Azerbaijani economic development association in Baku. Visitors are faced with a heavy metal door at first and then rise through the still poorly-looking staircase up to the office, where maps are drawn. It is about strategies and concepts.

Managing Florian Schroeder is optimistic. "The proven oil reserves are about $ 200 billion worth.

The oil is still sufficient for 20 or 25 years, "he says. Within three years the number of German companies together in the club more than doubled to 100. One focus is the construction dar. Although the consequences of the global financial crisis and the drop in oil prices in Azerbaijan clearly felt. "But the A projects, ie, five-star hotels, business complexes, major road projects, they will proceed well. This continues through the agreed level, "says Schroeder. This also applies to the sale of luxury goods and cars." What is the German role here? Technology, knowledge, advice, "he says.

Knowledge and professional expertise of its own people are a weak point of Azerbaijan. A lecturer of the Azerbaijan State Oil Academy in Baku said he was convinced there was in the country only three schools to meet the international standards. Those who have money, send their children to schools abroad.

His name, he'd rather not see printed. Criticism comes in Azerbaijan are often not good.

Vugar Bayramov is an Azerbaijani business expert, whose "think tank", Center for Economic and Social Development (CESD), Baku has called for investigations and reports in several economic reforms to overcome the almost total dependence on oil and gas. "Oil makes 90 percent of exports, and represents the bulk of the gross national product," he says.

At present, for each day approximately 15 million U.S. dollars from oil revenues to Azerbaijan. To traverse money for future generations, since 2001, will be deposited in a Government Petroleum Fund, which is currently heavily over $ 14.9 billion.

A directive stipulates that one quarter of oil money will be transferred into the fund.

For this year's oil revenues are projected in the amount of 5.9 billion U.S. dollars. Of these, 60 percent invested in the state budget, 34 percent state in various programs. Only six percent will be completed in the oil fund. In addition, the promotion will reach its peak in 2013, then the flow is decreasing.

"If it continues like this could be the oil fund in 2015 to be empty," warned Bayramov.

"The problem is the high degree of monopolization. For each sector there is an oligarch. There is a lack of competition," he says. "The market is absurd prices demanded, and often several times the price in Europe. Let's take a simple example.

A cup of coffee costs in the center of Baku easy ten euros, 17 euros, sometimes. "

Anyone who has a part of the cake, defended him with hands and feet. "Azerbaijan in 1997 applied for membership of the WTO. The negotiations are now running for 13 years. The oligarchic system is against the candidate," said Bayramov. "The biggest risk is that rising inequality. Officially, twelve percent of people live below the poverty line of 75 manat per month (about 69 euros) per head. In reality, there are more than one third."

The process must begin in the public administration, says political consultant. "It should go about fighting corruption and to limit monopolies. Step by step. The people will be on the side of the president, not on the side of monopoly interests," he expected. "The president is strong, reform-oriented. But there are many different interests.