Baku, Azerbaijan, June 10. Azerbaijan Prime Minister Ali Assadov participated within the IV Tashkent Worldwide Funding Discussion board throughout his official go to to Uzbekistan, the minister’s cupboard stated trend.
Opening the discussion board, Uzbekistan President Shavkat Mirziyoyev offered a abstract of his nation’s financial potential and funding.
In his speech, Prime Minister Assadov threw the indications of Azerbaijan’s financial improvement and the favorable local weather of analysis within the nation. He famous that the financial system has proven a powerful progress of four.1 with pens in 2024, with the non -oil and fuel sector that expands at even quicker tempo, with 6.2 with pens. I’ve emphasised that Azerbaijan’s exterior debt is lower than seven from his GDP, whereas monetary reserves exceed exterior debt for 14 instances.
Assadov issued the federal government’s continued efforts to create a beautiful funding surroundings, together with decreasing tax burden, eradicating administrative limitations, bettering the legislative framework, defending the rights and pursuits of buyers and regenerating property rights.
I emphasised the operation of seven industrial parks specialised in numerous merchandise and distinctive air-con provided by the free financial zone for buyers.
“The favorable funding surroundings created opens up a widespread perspective for overseas buyers as nicely. Consequently, during the last 20 years, greater than $ 338 billion has invested in our financial system, half of that are direct overseas investments,” Asadov stated.
The prime minister additionally claimed that the brand new realities after the liberation of Azerbaijan territories have created glorious funding cooperation alternatives. Massive -scale restoration and reconstruction works are at present going down in these areas.
Gratitude was in Uzbekistan and Kazakhstan to help the development of a highschool referred to as after Mirza Ulugbek and a middle of creativity for kids referred to as after curiosity within the metropolis of Fuzul.
Assadov managed efficient cooperation Thowhine of Azerbaijan-Uzbekistan Funding Fund, with a capital of $ 500 million, noting that promising initiatives have been in numerous sectors being discovered.
I’ve an alternate vitality as one other promising space of cooperation, saying that Azerbaijan you may have a large agenda on this discipline and is implementing massive main initiatives in partnership with main international corporations.
Highlighting Azerbaijan’s energetic function as a “inexperienced vitality” provider in Europe, Assadov stated the nation is working together with Georgia, Romania and Hungary in a mission to create a inexperienced vitality hall by way of the Black Sea.
Furthermore, throughout the COP29 framework, the leaders of the state of Azerbaijan, Uzbekistan and Kazakhstan signed an settlement that opens up intensive alternatives to export inexperienced vitality to Europe by way of the Black Caspian Sea Road.
The Discussion board ended with confidence that the Tashkent Worldwide Funding Discussion board will proceed to function an vital platform for strengthening funding cooperation.
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