Special report on Azerbaijan published in Great Britain's world famous newspaper
According to the Azerbaijani embassy in Great Britain, a special report devoted to Azerbaijan has been published in the edition of British newspaper The Times dated October 21. The report has been prepared by media agency Upper Reach and sponsored by The Times. In the report the information relevant to the international links, economy, the development of Azerbaijani culture and tourism spheres has been published.
The dynamic development of economic communications between Azerbaijan and Great Britain is underlined, the functioning of more than 100 British companies in various spheres of Azerbaijani economy, the work of numerous foreign companies in Azerbaijan as a result of the favorable environment established in the state for foreign investors have been written about in the newspaper. It has been noted that Azerbaijan is the key country in the region for foreign investors and the investment of 25 billion U.S. dollars in various branches of economy during the last decade serves as an obvious indicator of the profitable business environment created in the country.
It has been mentioned that despite influences of the global economic crisis Azerbaijani economy has taken one of the first places in the world by the rate of the increase of gross national product according to the economic indicators of the last year. The advancement of the state economy forward to 18 grades in the Report of Global Competition of World Economic Forum for 2009-2010 due to measures taken for the improvement of business environment has been underlined in the report. The report also underlies that despite the leading place occupied by the energy sector in the state's economy at the present time the main priority is the development of non-oil sector. In this regard, tourism, agriculture, IT, finance and banking sectors have great potential. The report mentions also the work of such structures as Azerbaijan Investment Company, Azpromo which have been established for the promotion of the extension of economic diversification. Azerbaijan's possession of great travel potential, increasing flow of foreign tourists to the country during the last time and measures taken for the development of tourism have also been written about in the newspaper. In the context of the enlargement of the intercultural dialogue "Baku process" has been mentioned and a peculiar role served by Azerbaijan located on the crossroads of different civilizations in the process of intercultural dialogue has been reported.
The information about well-known local companies functioning in such spheres of the economy as construction, telecommunications, hotel business has also been reflected in the report.