Azerbaijan maintains open-economy policy, PM Asadov says

Azerbaijan continues to pursue a policy of economic openness and support for entrepreneurship, Prime Minister Ali Asadov has stated.

Speaking at the 5th Tashkent International Investment Forum, Asadov said more than $350 billion has been invested in Azerbaijan’s economy over the past two decades, with nearly half of that amount coming from foreign investors, Caliber.Az reports, citing local media.

He noted that Azerbaijan has established a modern legislative framework that provides strong protection for investors’ rights, guarantees the security of investments, ensures the free movement of capital, and offers equal conditions for all market participants.

“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,” Asadov stressed.

The prime minister also highlighted Azerbaijan’s continued investment in modern transport infrastructure, including seaports, railways, and highways, noting that these projects help strengthen regional connectivity and create new business opportunities.

According to Asadov, the development of green energy represents another 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,” he added.

By Bakhtiyar Abbasov