Azerbaijan ranks 2nd by investment attractiveness in post-Soviet area
Baku, Azerbaijan, Oct. 2
By Eldar Janashvili – Trend:
According to the investment attractiveness and business convenience ranking published by Ceoworld on October 2, Azerbaijan, gaining 59.7 points, ranked 43rd between Greece and Norway and second after Russia among the countries of the former Soviet Union, Trend reports on Oct. 2 referring to the rating table of the company.
The points were calculated upon seven indicators. Azerbaijan gained 73 points in terms of economic stability, which is the 23rd best result on the list.
The government strategy index was also high. The country ranked 15th in this category. According to the estimates of the level of the skills of the workforce, the country scored 60 points (51st place), of the institutional environment - 69 points (43rd place), and of the science and education - 65 points (69th place).
Azerbaijan's market potential gained 75 points, leaving behind such countries as Argentina and Germany and it is the 18th best result in the ranking.
Azerbaijan together with four other countries scored the highest 85 points in the Open Trade Category.
The neighboring countries of Azerbaijan have achieved various success. Thus, Turkey and Russia ranked 19th and 38th, Kazakhstan, which is slightly behind Azerbaijan, ranked 46th. Ranking 61st, Iran entered the top ten least attractive countries for investment. Turkmenistan, Georgia and Armenia were not represented in the ranking.
Malaysia and Poland became the leaders of the rating. The Philippines, having the highest rating of the level of the skills of the workforce and institutional environment, is also in the top three.
Ceoworld rating estimates take into account various factors, including corruption, freedom (personal, commercial and monetary), labor force development, investor protection, infrastructure, taxes, quality of life, bureaucracy and technological readiness.
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