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 mentioned trend.
Opening the discussion board, Uzbekistan President Shavkat Mirziyoyev introduced a abstract of his nation’s financial potential and funding.
In his speech, Prime Minister Assadov threw the symptoms of Azerbaijan’s financial growth and the favorable local weather of analysis within the nation. He famous that the economic system has proven a robust development 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 occasions.
Assadov issued the federal government’s continued efforts to create a pretty funding atmosphere, together with decreasing tax burden, eradicating administrative limitations, bettering the legislative framework, defending the rights and pursuits of traders 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 traders.
“The favorable funding atmosphere created opens up a widespread perspective for international traders as properly. In consequence, during the last 20 years, greater than $ 338 billion has invested in our economic system, half of that are direct international investments,” Asadov mentioned.
The prime minister additionally claimed that the brand new realities after the liberation of Azerbaijan territories have created wonderful funding cooperation alternatives. Giant -scale restoration and reconstruction works are presently happening in these areas.
Gratitude was in Uzbekistan and Kazakhstan to assist the development of a highschool known as after Mirza Ulugbek and a middle of creativity for youngsters known 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 tasks have been in numerous sectors being discovered.
I’ve another vitality as one other promising space of cooperation, saying that Azerbaijan you might have a large agenda on this area and is implementing giant main tasks in partnership with main world firms.
Highlighting Azerbaijan’s lively position as a “inexperienced vitality” provider in Europe, Assadov mentioned the nation is working together with Georgia, Romania and Hungary in a undertaking to create a inexperienced vitality hall via 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 via the Black Caspian Sea Avenue.
The Discussion board ended with confidence that the Tashkent Worldwide Funding Discussion board will proceed to function an necessary platform for strengthening funding cooperation.
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