The report «Doing Business - 2016: assessment of the quality and effectiveness of the regulation" has been published, sponsored by the experts of the World Bank and the International Finance Corporation. Azerbaijan, like last year, took the 63rd position out of 189.
According to the indicator "starting a business" Azerbaijan is at the 7th place (previously 12th), for the protection of minority shareholders - 36th (it was 51st), the execution of contracts - 40th (saved), to solve the problems of insolvency - 84th (it was 94th), to obtain building permits – 114th (it was 150th), for connection to the power supply system - 110th (it was 159th). In addition, on property registration, the country was at the 22nd place (it was 10th), paying taxes - 34th (it was 33th), for the development of cross-border trade - 94th (it was 166th), on the availability of credits - 109th (it was 104th).
For authors attributed the success of the reform of 3 June 2014 to June 2015 - on top of business, obtaining construction permits and protecting the rights of minority shareholders.
The leader of the ranking, as before, is Singapore. In the post-Soviet space Azerbaijan is ahead of Estonia (16th), Lithuania (20th), Latvia (22nd), Georgia (24th), Armenia (35th), Kazakhstan (41st), Belarus (44th), Russia (51st) and Moldova (52nd). --17D-
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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