BAKU, Azerbaijan, March 15
By Fidan Babayeva - Trend:
The return after almost 30 years of occupation of Azerbaijani lands to the economic turnover, the planned multi-billion dollar investments in the restoration of these lands are a powerful stimulus for the medium and long-term development of the country, Rza Abdulazizov, an international cooperation specialist of Baku Business Consulting LLC, told Trend.
In this regard, Abdulazizov especially noted the organizing role of the state in attracting investments and the legislatively approved plans for economic development (‘Azerbaijan 2030: National priorities for socio-economic development’, ‘Strategy for socio-economic development for 2021-2025’).
"Favorable geographical position, rich natural resources, relatively high level of education and technical training in combination with moderate labor prices, the focus of state programs on the development of human capital, ensures a positive environment for creating an attractive investment climate in Azerbaijan," Abdulazizov said.
According to the expert, the post-conflict reality after the liberation of Azerbaijan’s lands from Armenian occupation creates a unique situation that enables the country to make an economic breakthrough in the shortest possible time (5-10 years).
“The work carried out by the economic block of the government in recent years is yielding results. The increase in the transparency of the economy, a gradual decrease in the share of its shadow part, focus on innovative projects, an attractive tax system for foreign and domestic investors, minimal costs for connecting to power supply networks, effective use of social innovations and much more contributed to a significant improvement in the international image of Azerbaijan. It is no coincidence that in the Doing Business-2019 report, Azerbaijan was rated as one of 10 countries in which active reforms are being carried out. In the report, Azerbaijan's positions have improved by six steps,” the company representative said.
Baku Business Consulting LLC, founded in 2014, is a local consulting company offering its clients a wide range of services, such as accounting and tax consulting, personnel management, legal advice (opinions), certification of workplaces on working conditions in enterprises and other business services.
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