"Azerbaijan should find options to create more favorable conditions for business activity, and the World Bank is ready to assist the country needed help for a timely response to these challenges," said the head of the local representation of the WB Larisa Leshchenko on today's presentation "Amendments a methodology for the development of the report Doing Business" for government agencies.
According to her, the challenges faced by the official Baku are not unique, as they are faced by all countries with natural resources, because the receipt of oil revenues through exports does not "have to wrestle with." "In Azerbaijan there are areas that will take time to solve existing problems, and our experts will offer their own versions of solutions for the development of private enterprise. In particular it is necessary to remove barriers to the development of the private sector and reduce dependence on oil revenues," she believes.
The head manager believes that in the last 4-5 years the private sector in Azerbaijan is funded mainly at the expense of public funds, but it is time to reform the system and to ensure not only self-financing, but also the financing of public projects at the expense of the private sector. --17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review