Azerbaijan among leaders in int`l groups` reports
Economic reforms and liberalization in Azerbaijan,
as well as the government`s sound policies, continue to yield
fruit, and the world`s major institutions are lauding consistent
growth in the country in their reports.
Recently, Azerbaijan was ranked 38th among 183 countries in the Doing Business 2010 report compiled by the International Finance Corporation (IFC), the World Bank`s private-sector lender. The experts concluded that the latest reforms have made it simpler to conduct business in the fast-growing South Caucasus republic.
In the report, Azerbaijan ranked 17th for business start-ups, 33rd for employment opportunities, ninth for property registration, 15th for borrowing loans, 20th for the protection of investments, and 26th for executing contracts. The rankings for other business-related areas were quite high, as well.
In 2008, Azerbaijan posted the largest leap among the countries evaluated - rising from the 97th to 33rd ranking. The country, which carried out reforms in seven out of the ten areas researched by Doing Business, was named the top reformer last year.
In the World Economic Forum`s (WEF) Global Competitiveness Report 2009-2010, Azerbaijan improved its standing as well. The country was upgraded 18 points compared to the 2008 assessment to the 51st ranking among 133 countries, surpassing a number of developed countries. The report said Azerbaijan`s macroeconomic stability is characterized by a considerable budget surplus and a decreasing state debt.
The WEF pointed out that macroeconomic stability has advanced in Azerbaijan to the 27th ranking, and the country stood 42nd on the potential for innovations.
The WEF also highlighted improvements in Azerbaijan`s labor market, upgrading the country from the 34th to the 13th ranking. Also, a 18-point leap to the 71st ranking was reported on goods markets.
According to the report, the documents needed for business start-ups have been reduced from 13 to six, and the time required to start a business - from 30 to 16 days.
The competitiveness of countries was assessed based upon accessible information in 110 areas. 13,000 businessmen were polled in the 133 countries researched.
Among the former Soviet republics, only Estonia was among leaders. In the South Caucasus region, Georgia ranked 90th and Armenia 97th.
The WEF, an influential Geneva-based group established in 1971, mainly deals with worldwide economic research.
Recently, Azerbaijan was ranked 38th among 183 countries in the Doing Business 2010 report compiled by the International Finance Corporation (IFC), the World Bank`s private-sector lender. The experts concluded that the latest reforms have made it simpler to conduct business in the fast-growing South Caucasus republic.
In the report, Azerbaijan ranked 17th for business start-ups, 33rd for employment opportunities, ninth for property registration, 15th for borrowing loans, 20th for the protection of investments, and 26th for executing contracts. The rankings for other business-related areas were quite high, as well.
In 2008, Azerbaijan posted the largest leap among the countries evaluated - rising from the 97th to 33rd ranking. The country, which carried out reforms in seven out of the ten areas researched by Doing Business, was named the top reformer last year.
In the World Economic Forum`s (WEF) Global Competitiveness Report 2009-2010, Azerbaijan improved its standing as well. The country was upgraded 18 points compared to the 2008 assessment to the 51st ranking among 133 countries, surpassing a number of developed countries. The report said Azerbaijan`s macroeconomic stability is characterized by a considerable budget surplus and a decreasing state debt.
The WEF pointed out that macroeconomic stability has advanced in Azerbaijan to the 27th ranking, and the country stood 42nd on the potential for innovations.
The WEF also highlighted improvements in Azerbaijan`s labor market, upgrading the country from the 34th to the 13th ranking. Also, a 18-point leap to the 71st ranking was reported on goods markets.
According to the report, the documents needed for business start-ups have been reduced from 13 to six, and the time required to start a business - from 30 to 16 days.
The competitiveness of countries was assessed based upon accessible information in 110 areas. 13,000 businessmen were polled in the 133 countries researched.
Among the former Soviet republics, only Estonia was among leaders. In the South Caucasus region, Georgia ranked 90th and Armenia 97th.
The WEF, an influential Geneva-based group established in 1971, mainly deals with worldwide economic research.
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