ID :
324998
Wed, 04/16/2014 - 18:15
Auther :

President Ilham Aliyev: Azerbaijan maintains CIS leadership for volume of direct foreign investment

Baku, April 15 (AzerTAc). “In general, Azerbaijan has successfully addressed issues related to entrepreneurship. The investment climate in the country is very positive. Azerbaijan maintains CIS leadership for the volume of direct foreign investment,” said President Ilham Aliyev in a meeting of the Cabinet of Ministers dedicated to the results of socio-economic development in the first quarter of 2014 and objectives for the future. The Head of State noted: “I am glad that domestic investment has been exceeding foreign investment for several years now. We should try to facilitate an increase of investment in the national economy and ensure that these funds are fully consistent with our economic policies.” “Foreign investors, of course, may have their own interests. Our country also has interests of its own. We should and do link them with each other. The present-day Azerbaijan is already known worldwide as a wonderful country for doing business. It is no coincidence that the leading financial institutions have a very positive opinion about the economic reforms in Azerbaijan. The competitiveness of our economy is enhancing. Leading rating agencies maintain our credit ratings at a high level. We can already attract any amount from foreign financial markets, as we have recently done. We have done this in a very limited quantity. But the demand or application was four to five times higher than what we offered. We have attracted additional financial resources on the most reasonable terms.”

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