Azernews.Az

By Sara Rajabova

Japan hosted a series of presentations on prospects for development of Azerbaijan, as well as the country`s business environment, AzerTag news agency reported.

During the event, Japanese World Investors TV Manager Kazuyasu Ishida and representative of the "Cross Border Club" Company Toru Oe provided an insight into Azerbaijan`s economic growth in recent years.

The speakers noted that the World Bank and the other international financial organizations praised economic reforms in Azerbaijan, as well as the country`s business environment.

Toru Oe briefed the participants on "Khazar islands" and "Baku White City" projects, as well as construction of a new terminal of the Heydar Aliyev international Airport and the Heydar Aliyev Centre.

Kazuyasu Ishida highlighted Azerbaijan`s achievements in establishing the fruitful business environment over the last years.

The participants also praised reforms carried out in Azerbaijan in the legislative sphere, simplified procedures for the foreign investors, and noted the important role of implementation of the single-window system in promoting the entrepreneurship.

Second Secretary of Azerbaijan`s Embassy to Japan Rovshan Mirzayev, as well as representatives of Japanese companies attended the event.

The diplomatic relations between Azerbaijan and Japan were established in 1992.

Relations between the two countries continue developing. Japan was one of the first countries to support Azerbaijan's forward-looking oil strategy. Today two major Japanese companies Itochu and Impex are involved in the Contract of the Century. Leaders of Japanese business, Mitsubishi, Mitsui, Marubeni, and Sojits are involved in the energy and infrastructure projects in the country.