PM Asadov: Azerbaijan pursues policy of open economy and business promotion

Azerbaijan consistently implements a policy of open economy and promotion of entrepreneurial activity, Prime Minister Ali Asadov stated at the 5th Tashkent International Investment Forum, according to Report's correspondent in Tashkent.

Asadov emphasized that over the past 20 years, more than $350 billion have been invested in Azerbaijan's economy, nearly half of which came from foreign investors.

"A modern legislative framework has been established that ensures reliable protection of investors' rights, guarantees the inviolability of investments, allows free movement of capital, and provides equal conditions for all market participants. Azerbaijan's key competitive advantage is its unique geographic location at the crossroads of Eurasia's main transport routes. Consistently implemented infrastructure projects have turned our country into one of the region's most important transport and logistics hubs," he said.

The prime minister also pointed out that Azerbaijan continues to invest heavily in the development of modern transport infrastructure, seaports, railways, and highways, which "contributes to strengthening regional connectivity and expanding business opportunities."

According to him, the development of green energy is also a promising area for investment: "Azerbaijan has set ambitious targets to increase the share of renewable energy in the national energy balance. Large-scale projects in solar and wind energy are being implemented, leading international companies are being engaged, and new opportunities are being created for investors."