Details added (first version posted on 15:01)
Baku, Azerbaijan, Nov. 29
By Anvar Mammadov – Trend:
Big work is underway in Azerbaijan to attract foreign investments in real estate sphere, Karam Hasanov, chairman of the State Property Issues Committee, said at an international conference, titled “Real Estate, Privatization and Investments” in Baku on Nov. 29.
He noted that conditions are created for foreign investors that allow them to operate on the same level as local investors in the country’s real estate market.
Hasanov emphasized that the conducted reforms allowed Azerbaijan to improve its position in such reports as the Global Competitiveness Rating and Doing Business.
“The country has improved the regulatory and legal framework in the field of protecting the rights and property of investors. Moreover, investors were granted various benefits and preferences in order to encourage investments,” said the committee head.
“The result of the done work was that Azerbaijan has improved its indicator in the Global Competitiveness Rating by two positions, and our country rose up to the 21st place in the Doing Business rating by the simplicity of property registration,” added Hasanov.