Investment in safety brings economic gains, says Azerbaijani expert

Investment in safety generates long-term economic benefits by reducing costs and improving the business environment, Azerbaijani economist Eldaniz Amirov said on July 13.

Speaking at the "Towards Safe Mobility" event in Baku, Amirov said spending on safety should be viewed as an investment that creates economic value over time, Caliber.Az reports via local media.

He said improved safety leads to fewer accidents, lower insurance and healthcare costs, and reduced business losses, helping to strengthen the investment climate and benefiting both the national economy and consumers.

Amirov also highlighted the importance of maintaining fair competition in the market, noting that Azerbaijan's legal framework contains robust provisions to support it.

However, he said some market participants fail to comply with regulatory requirements, creating unfair competition and negatively affecting authorised distributors, consumers and safety standards.

According to Amirov, it is in the state's interest to ensure that all market participants comply equally with the country's legal requirements.

By Aghakazim Guliyev