| ABB | International Bank of Azerbaijan |
| ADB | Asian Development Bank |
| AIH | Azerbaijan Investment Holding |
| ADY | Azerbaijan Railways |
| ASCO | Azerbaijan Caspian Shipping Company |
| ATB | Azer-Turk Bank |
| AZAL | Azerbaijan Airlines |
| AZN | Azerbaijani manat |
| Bln | Billion |
| BSE | Baku Stock Exchange |
| CAPEX | Capital expenditures |
| CBA | Central Bank of Azerbaijan |
| CEO | Chief Executive Officer |
| CJSC | Closed Joint-Stock Company |
| EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortisation |
| EITI | Extractive Industries Transparency Initiative |
| ESG | Environmental, Social and Governance |
| FIMSA | Financial Institutions and Markets Supervision Authority |
| GDP | Gross Domestic Product |
| GIS | General Information System |
| IFRS | International Financial Reporting Standard |
| JSC | Joint-stock company |
| KPI | Key Performance Indicator |
| LLC | Limited liability company |
| Mln | Million |
| OECD | Organisation for Economic Co-operation and Development |
| OJSC | Open Joint-Stock Company |
| PC | Portfolio company |
| PIE | Public interest entities |
| POB | Port of Baku / Baku International Sea Trade Port |
| PSO | Public Service Obligation |
| ROA | Return on Assets |
| ROE | Return on Equity |
| SOCAR | State Oil Company of the Republic of Azerbaijan |
| SOFAZ | State Oil Fund of Azerbaijan |
| SOE | State-owned enterprise |
| TEU | Twenty-foot Equivalent Unit |
| UNCITRAL | United Nations Commission on International Trade Law |
| USD | United Stated Dollar |
OECD Review of the Corporate Governance of Azerbaijan Investment Holding and its State‑Owned Enterprises
