TODAY.AZ / Business

Search for investment projects simplified

21 September 2018 [16:18] - TODAY.AZ

By Azernews


By Sara Israfilbayova

The Center for Analysis of Economic Reforms and Communication held a presentation of the Internet portal www.enterpriseazerbaijan.com on September 20.

The Executive Director of the Center Vusal Gasimli said that the purpose of the EnterpriseAzerbaijan.com portal is to further increase investment attractiveness and increase the use of alternative financing sources for economic development.

He went on to say that the portal, which will be constantly updated, is convenient to use, accessible, safe, fast and favorable space and represents a database of investment projects, start-ups, property assets, shares, land and other assets.

The initiators of the project (promoters), who are searching for potential investors, and potential shareholders will be able to use the portal EnterpriseAzerbaijan.com, according to him.

Gasimli urged local authors of projects, entrepreneurs and shareholders to closely cooperate with the portal EnterpriseAzerbaijan.com.

Gasimli also said that the portal will play for the projects the role of both an incubator and an accelerator.

“There is a need for EnterpriseAzerbaijan.com portal in terms of the application of digital, physical and biological technologies. Because the portal, which knows no borders, will serve the supply of technology to Azerbaijan and encourage investments,” the head of the Center noted.

Gasimli also said that the Center for Creative Ideas Development began cooperating with KICKSTARTER, as well as with ?ndieGOGO, GoFundMe, Planeta.ru and Onemission, for social projects and projects in the field of medicine began to cooperate with Youcaring, for non-standard ideas in the field of technology - with Crowdsupply , for venture financing - with Crowdfunder, for scientific ideas - with Experiment, for projects of a social nature - with Chuffed.

The Azerbaijani government does its best to create a proper investment climate in the country.

Positive factors affecting the decision to invest in the economy of the republic include favorable geographic location, oil, gas and other raw material resources, a well-developed structure of transport, communications and telecommunications, and socio-economic reforms. In the republic, market mechanisms have been created in all sectors of the economy.

A number of adopted state programs played an exceptional role in the formation, development and further progress of small and medium-sized businesses. The tax system is constantly being improved in accordance with the requirements for entrepreneurship.

A system of state assistance to entrepreneurship has been formed and is developing in the country.

The economic situation of Azerbaijan is a favorable ground for attracting financial resources to the country’s economy.

One of the main advantages of the Azerbaijani market is a wide range of investment directions. The developed industry and the agricultural sector make investments in production investment projects relatively reliable.

The economic reforms carried out in the republic stimulate the inflow of capital investments. Attraction of foreign investments to the country is an integral part of the economic strategy. The adopted laws of the Republic of Azerbaijan “On Investment Activities” and “On Protection of Foreign Investments” create a favorable economic environment for foreign investment.

An important factor for investors is that the transport system of the republic is being modernized for geopolitical and economic opportunities of the Transport Corridor Europe Caucasus Asia (TRACECA).

So, Azerbaijan has favorable prerequisites for attracting investments, which in turn can significantly accelerate the economic development of the country.

URL: http://www.today.az/news/business/174084.html

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