![Number of Inspections of Businesses Fell a Thousand Times](https://turan.az/resized/750/500/resize/media/2016/main/102000172360.jpg)
Number of Inspections of Businesses Fell a Thousand Times
Baku has started a conference "Non-oil exports: today's challenges and opportunities." Azerbaijan's Minister of Economy Shahin Mustafayev, opening the event, said the main trend of reform in this area is a thousand-fold reduction in the number of inspections of business entities (by October 1 last year the number was 50,000, while this year it was 50).
Speaking of the Ministry’s new practice of issuing investment promotion instruments, he reported that since March such benefits have been received by 62 local entrepreneurs and the total volume of investments for such projects exceeded AZN 800 million.
In addition, the National Fund for Support to Entrepreneurship (NFES) has issued about AZN 2 billion through banks to entrepreneurs, financing 32,000 projects.
Speaking about the export of non-oil sector products, he reported on reforms in the customs system, where there is transition to electronic declaration, in addition to perpetual business licenses. --17D-
Economics
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