Details added (first version posted on 10:45)
Baku, Azerbaijan, Oct. 19
By Anvar Mammadov – Trend:
During the past 23 months, 113 inspections were carried out in Azerbaijan’s business sector, the country’s Deputy Economy Minister Sahil Babayev said.
He made the remarks Oct. 19 in Baku at the first international conference on “Digital Trade Hub of Azerbaijan: Development Perspectives.”
“The inspections were carried out by Azerbaijan’s Ministry of Taxes,” Babayev said. “In previous years, hundreds of thousands inspections were carried out for the same period.”
He said that the reduction of inspections significantly improved business environment in Azerbaijan.
“Improvement of the business environment and the implementation of systemic reforms made it possible to significantly expand export of Azerbaijani products,” Babayev noted. “This attracted a lot of investments in the created industrial parks. At present, more than $1.1 billion has been invested in these parks. I would also like to mention the mechanism for encouraging investments. Investments worth about 1.7 billion manats were allocated for the implementation of 204 projects within this mechanism.”