Azerbaijan ranks 8th in the world in terms of the ratio of external debt to gross domestic product. This also indicates financial stability in the country, which is one of the foundations of an attractive investment environment, said Valerio De Molli, CEO of the Italian company TEHA Group & The European House – Valerio De Molli, during his speech at the 1st Azerbaijan International Investment Forum held at Sea Breeze, APA reports.
He noted that Azerbaijan has made significant progress in a number of non-oil sectors, with expansions recorded in the country’s export base. For example, increases in the exports of leather, minerals, iron, and steel were highlighted.
Drawing attention to Azerbaijan’s achievements in the field of scientific research, Valerio De Molli added that since 2017, Azerbaijan has ranked 9th worldwide in terms of growth in the number of scientific publications.
Speaking about global gross domestic product, Valerio De Molli said that the G7 is gradually losing its weight and giving way to the BRICS countries.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
