Azerbaijan has liberated its territories and restored its sovereignty over them. Over the past 8 years, we have also established a stable macroeconomic and financial environment, Deputy Prime Minister Samir Sharifov told journalists, APA-Economics reports.
He noted that the exchange rate of Azerbaijan’s national currency is stable, and the fiscal position is improving: “During this period, we have almost doubled our financial reserves; they now amount to approximately 95% of the country's GDP, while the state’s external debt is 15 times less than these reserves. These are important initial conditions.”
The next main pillar, in my opinion, is the business environment — that is, a favorable and encouraging environment for investment. A lot of work is being done in this direction as well. We are improving the legislation and creating a dialogue environment with investors. The commission on the business environment, established by the order of the President, works with business circles and investors, monitors the situation, and implements necessary changes.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
