Azerbaijan among countries with least risk for foreign investors – MP (UPDATE)
Details added (first version posted on 15:28)
Baku, Azerbaijan, Nov. 29
By Anvar Mammadov – Trend:
Azerbaijan is among the countries with the least risk for foreign investors, Ziyad Samadzade, chairman of the parliamentary committee on economic policy, industry and entrepreneurship, said at an international conference entitled “Real Estate, Privatization and Investments” Nov. 29 in Baku.
He noted that Azerbaijan’s external debt doesn’t exceed 18 percent of the country’s GDP, and this is one of the best indicators among developing countries.
“By investing in another country, investors are always interested in volume of its external debt,” Samadzade said. “In Azerbaijan, this figure is below 18 percent of GDP, and by this indicator we hold the first place among developing countries.”
He noted that Azerbaijan managed to create very favorable environment for investors.
“Social stability is ensured in the country, there is the necessary legislation, number of inspections have been reduced, entrepreneurs are supported,” Samadzade said. “High technology parks have been created in Azerbaijan and their residents are exempt from paying taxes for a period of seven years.”