Baku, Azerbaijan, Feb. 28
By Huseyn Valiyev – Trend:
Azerbaijan is developing new laws on investments and innovations, Elmir Valizada, deputy minister of transport, communications and high technologies of Azerbaijan, said at the Microsoft Innovation Forum in Baku Feb. 28.
Valizada said innovative development for the country is the highest priority and it is especially important that business and youth are connected to this process.
“As this process becomes massive, the development of Azerbaijan will grow at an even faster pace. Azerbaijan has great potential in this area, and the country can achieve significant success in this area,” noted the deputy minister.
Azerbaijan has gained certain success in this sphere, according to him.
“Firstly, it can be noted that the innovation policy in the country has a legal basis, which creates an opportunity for attracting investments to Azerbaijan in many areas, including ICT,” he said.
A new investment law is being developed that will meet all modern requirements and create the necessary conditions for operating in Azerbaijan, Valizada noted.
“Along with this, Azerbaijan also prepares laws on innovation, and we believe that the new legislation on investments and innovations will contribute to the country’s innovative development,” the deputy minister added.