The economy of Azerbaijan, one of the countries where PraeGlobal is active, revolves around the income derived from oil, natural gas and iron ore reserves. Azerbaijan, having experienced severe economic problems after the USSR period, started to develop economically after the 2000s with the increase of natural gas and oil production. After these sectors, the development of the construction and finance sector has entered the period of growth. The biggest share in the development of Azerbaijan economy is with the export of energy. More than 90% of the country’s total exports are oil and gas.