Azerbaijan took the 60th place in the ranking of the most suitable countries for business, compiled by Forbes. According to the publication, from the former Soviet Union in the rating were Estonia (22) and Lithuania (24), Latvia (36) and Georgia (47), Azerbaijan (60), Armenia (56), Kazakhstan (65) Moldova (75) Ukraine (88) and Russia (91).
According to Forbes, Russia's protection of property rights is still imperfect, and the private sector remains subject to heavy state intervention. In addition, Russia's dependence on commodity exports makes it vulnerable in a downturn in demand for raw materials.
Meanwhile, Forbes recognized Denmark as the best country for business in 2014. The top three also includes Hong Kong and New Zealand. In 2013, the rating was headed by Ireland.
The Forbes rating "Best Countries for Business - 2014" includes 146 countries. Their achievements have been studied for 11 positions:
Level of personal freedoms; Degree of protection of property rights and investment; Price stability; Presence of barriers to exports and imports of goods and services; Level of technological development; Introduction of innovations; Degree of influence of the state on business; Corruption; Tax burden and the state of the stock market.
The rating was based on the data Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank and World Economic Forum (WEF). -02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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