Friday, 26 April 2019 04:29 GMT

Expert: Success of Azerbaijani economy a result of sound state policy

(MENAFN - Trend News Agency) Baku, Azerbaijan, Nov. 1

By Matanat Nasibova - Trend:

The success of the Azerbaijani economy is a good indicator of a sound state policy of the country's leadership, the well-known Ukrainian expert Oleksandr Okhrimenko told Trend commenting on the latest indicators of the Azerbaijani economy reflected in the World Bank's Doing Business 2019 report.

He noted that the fundamental reforms, consistently carried out in Azerbaijan in recent years, have contributed to the growth of the Azerbaijani economy.

"It is obvious that Azerbaijan has embarked on improving the business environment, which is of great importance in a market economy. The fact that optimal conditions are being created in Azerbaijan for conducting private business shows that the state is seriously interested in improving the investment climate in the country and improving the welfare of its citizens. Of course, such an approach by the state can only give positive results," Okhrimenko said.

He stressed that the latest World Bank report also confirmed this.

Azerbaijan has significantly improved its positions in the World Bank Group's Doing Business ranking.

Thus, Azerbaijan ranks 25th among 190 countries in Doing Business 2019, while it was 57th in Doing Business 2018.

According to Doing Business 2019, Azerbaijan has entered the list of countries with the most noticeable improvement in the economy.

Doing Business authors said that Azerbaijan has carried out a record number of reforms aimed at simplifying doing business in 2017-2018 among 10 economies that have shown significant improvement.

Doing Business is annually published by the World Bank Group, which assesses regulatory standards in entrepreneurial activity.

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Expert: Success of Azerbaijani economy a result of sound state policy

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