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Ilham Aliyev: There is good investment climate in Azerbaijan

17 April 2017 16:30 (UTC +04:00)

There is a good investment climate in Azerbaijan, said Azerbaijan’s President Ilham Aliyev.

Azerbaijan attracted over $200 billion foreign investment in recent years, said President Aliyev addressing a republican conference of non-oil exporters in the country’s Yevlakh district April 17.

“In general, the investment climate in Azerbaijan is very positive. Influential international organizations highly appreciate our work,” said the president, stressing that Azerbaijan ranked 37th in the Global Competitiveness Report 2016-2017, prepared by the World Economic Forum.

“We have made three steps forward during the year. In other words, the economic liberalization, in-depth reforms and a favorable investment climate in Azerbaijan, as well as the fact that the country is in the forefront of foreign direct investment per capita in the CIS space create additional conditions for attracting foreign and domestic investors.

President Aliyev urged local executive authorities to pay special attention to this issue.

“The evaluation of local executive authorities’ activities will further be based on the volume of investments made in the relevant regions. Local executive authorities should organize this work together with central executive authorities,” he added.