Azerbaijan, Baku / corr. Trend I.Khalilova / The Ministry of Economic Development of Azerbaijan continues consultations with the team of the World Bank and International Financial Corporation (IFC) who participates in the development of Doing Business report. On 4 June a meeting took place at the Ministry with the authors of the report, Semion Dyankov and Bagautdinov, as well as Country Manager Georgi Yejeychak.
The meeting covered the development of the business climate to improve the raring of Azerbaijan in the next report. According to the Minister of Economic Development of Azerbaijan, Heydar Babayev, complex measures are taken in Azerbaijan for the development of the entrepreneurship. Establishing the system of 'one window' is one of the important steps in developing entrepreneurship.
Dyankov expressed readiness to support Azerbaijan in increasing its rating. He highlighted the importance of strengthening corporate management in Azerbaijan, applying advanced policy in this sphere to increase the amount of the external investments.
"High-ranking representatives of the Ministry have already got familiarized with the practice of Georgia on corporate management. In addition, measures are taken in Azerbaijan in this regard. The corporate management will be applied in the State and private sector of Azerbaijan," Babayev said.
Azerbaijan took the 100th place in 2006 and 99th in 2007 in the report on ratings of countries for favorable business climate.