BAKU, Azerbaijan, May 4. Deputy Minister of
Economy of Azerbaijan Azer Bayramov highlighted the country's
favorable business environment at the Caucasian Investment Forum
held in Mineralnye Vody, Russia, Trend reports via the Ministry of Economy.
During the plenary session titled "Transformation of the
Investment Environment: Designing the Future in New Realities,"
Azer Bayramov detailed Azerbaijan's strategic advantages, including
its favorable geographical position at the intersection of
international transport corridors. He specifically emphasized the
role of the Alat Free Economic Zone, industrial parks, and the
specialized tax and customs exemptions available to businesses
operating in the liberated territories and the Nakhchivan
Autonomous Republic. The Deputy Minister also noted the ongoing
steps taken to advance the country's digital economy.
In a panel session focused on "New Business: Reducing Barriers
and New Approaches to Shaping the Business Environment," the
Ministry presented information on recent reforms aimed at improving
the business climate, fostering innovation, and developing the
startup ecosystem.
The forum also addressed the "International Integration of
Islamic Finance: Capital and Strategic Partnership." It was noted
that Azerbaijan places high importance on studying international
expertise in Islamic finance and implementing advanced global
approaches.
Throughout the event, discussions covered a wide range of
sectors, including finance, tourism, digitalization, international
cooperation, the agro-industrial sector, healthcare, energy, and
human capital. Specific panel sessions were dedicated to
agricultural financing, the application of artificial intelligence,
and the expansion of medical tourism.
