Azerbaijan increases its position by 32 points in Doing Business


October 31, Fineko/abc.az. Azerbaijan has taken the 25th place among 190 countries in Doing Business – 2019: Training & Reforms.

The rating was developed by the World Bank and the International Finance Corporation.

According to the rating, Azerbaijan is also in Top 10 of countries on the number of successful reforms.
Azerbaijan, which advanced to 25th place, carried out a record eight reforms. 
The country also improved the reliability of power supply by investing in grid infrastructure and establishing a national regulator to monitor power outages. Dealing with construction permits was made easier, while minority investor protections were strengthened by increasing shareholders’ rights and roles in major corporate decisions, clarifying ownership and control structures and requiring greater corporate transparency. 
In Doing Business 2018: Reforms for job creation” Azerbaijan ranks 57th among 190 countries.

Keywords: Doing Business