BAKU, Azerbaijan, May 20. EU companies in Azerbaijan named political and social stability as the main factor for favorable investment climate in the country, Trend reports via the sixth edition of the EU Business Climate Survey 2021.
According to the report, EU investors assessed political and social stability factor in Azerbaijan in 2021 as way above satisfactory (2.41 points), which is a year-on-year increase (2.27 points in 2020).
Such factors as predictability of economic policies (2.04 points), migration policy (2.03 points), and infrastructure (2 points) were evaluated above satisfactory as well, the EU survey said.
Those indicators also improved, compared to 2020.
EU companies in Azerbaijan also highly assess Azerbaijan’s favorable investment climate. Some 72 percent of the companies consider local market availability as a key factor for business, and 65 percent of the respondents think that strategic partnerships and alliances attract potential investors.
Meanwhile, more than half of the EU companies operating in Azerbaijan wish to expand their businesses (53 percent of the surveyed), while about 80 percent of the investors are ready choice Azerbaijan as a business location again.
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