London Post: Azerbaijan – The Best Destination for Investment

The influential British newspaper The London Post published an article entitled Azerbaijan – The Best Destination for Investment.

The article authored by Vusal Gasimli, Executive Director of the Center for Economic Reforms Analysis and Communication, Doctor of Economics, shows that Azerbaijan, which tripled its economy during the last 15 years and aims to double its economy relying on the non-oil sector in the next ten years, is preparing for a new investment wave that depends on the ability to take advantage of the fourth industrial revolution.

According to the World Investment Report-2020, Azerbaijan is among the top 3 transition countries together with Russia and Kazakhstan in terms of FDI inflows between 2014-2019. Azerbaijan, which lies at the heart of transport corridors of Eurasia, is among the top-10 reformer and was ranked 28th among 190 countries, according to the last Doing Business report by the World Bank.

Favorable business environment proposed privatization plan and opportunities for public-private partnership, as well as the recovery process in Karabakh, will create a new wave of investment in Azerbaijan, which made the first center of the fourth industrial revolution in the region and is a leader in the sustainable development index. The restoration of Azerbaijan's new regional architecture, communications, and economic ties has increased its investment attractiveness.

With low inflation and a stable national currency, one of the lowest levels of foreign debt-to-GDP ratio, and one of the highest levels of the strategic currency-to-GDP rate, Azerbaijan created a welcoming environment for foreign and local businesses and investments.