“It has decreased by 70 percent in the last 7 years” |

Nemat Aliyev: “Russia–Ukraine leaving the market 100.01 percent of billions of capital did not go to our country”

Foreign investors To Azerbaijan the amount of investments has decreased.

This can be seen from the reports of the State Statistics Committee (SSC).
For example, foreign investors in 2021 january– 1, 720 to fixed assets during August billion investment up to dollars laid down.

Economist Nemat Aliyev calculated that in 2022 foreign investors To Azerbaijan his investments decreased by 22 percent.

He calculated it based on the investments made last year and the first 8 months of this year.

“The nominal volume of 8-month investments is 383 million during the year dollars decreased. For comparison, let me say that 20, when “COVID-19” raged20of the year january-foreigners during August To Azerbaijan 1,957 billion dollarsand in 2015, 4,519 billion dollars have invested”.

The economist notes that foreign investments have decreased by 32 percent in the last 2 years and more than 70 percent in the last 7 years:

“What do you think are the reasons for this deterioration? Why foreign investors President Inspiration They do not listen to Aliyev, Aliyev’s government, do they bypass Azerbaijan? After all, the head of state has repeatedly called investors to Azerbaijan in his meetings, interviews and statements. Even once execution he also set tasks for his leaders to bring investors from abroad to the regions they lead. But why are the results so severe, why is the situation not improving? The situation has reached such an undesirable level that even Russia–Ukraine with the influence of the war Russia markets, as well Ukraine leaving their markets 10At least 0.01 percent of 0 billions of capital did not go to our country. Not to mention the fact that the capital here has also left the country.”

According to Nemat Aliyev, the main reason for the decrease of foreign investors who want to invest in Azerbaijan is that they do not see a guarantee of their safety in this country:

“If the investors believed in the restoration of their rights and rights that would be violated without suffering, if they were sure that the influence of the laws is superior to the will of the officials, wouldn’t the investors come here? Wouldn’t they want to start a business, wouldn’t they want to earn money in our country? Do not doubt that if there were at least medium-level conditions for business activity, they would come and bring the newest techniques and technologies here, and they would both earn and profit. However, it is impossible to talk about any of these, because there are no necessary conditions for business activity in the country. They put a stone under it and a heavier stone on top of it.”

Independent economists and commentators constantly state in their statements that there will be no fair legal system in Azerbaijan. free there is no question of an economic market.

They think that the first thing foreign investors think about is a fair legal system.

The volume of foreign investments in Azerbaijan has decreased since 2014 has started. In that year, foreign investment in Azerbaijan amounted to 10161.1 million dollars. After that year, investments decreased.

Foreign investment in the country in 2015 was 10719.1 million, in 2016 it was 10161.1 million, in 2017 it was 9120.5 million, 20188236.5 million in 2019, 7129.1 million in 201920and in 2015 it was 6125.4 million manats.

Azerbaijan the economy is “average free” is considered. In this respect, it is side by side with the country of Ivory Coast (a country in Africa).

In terms of economic freedom, Vanuatu, Paraguay and Bahrain are the 3 countries that come before Azerbaijan.

This is stated in the “2022 Economic Freedom Index” published by the Heritage Foundation on the state of economic freedom in the world.

In the report Azerbaijan It is ranked 75th.

Index on 12 categories of economic freedom 0-10He evaluated 177 countries on a 0-point scale.

The average score of those countries was calculated by category.
This includes property rights, effective justice, integrity of government, tax burden, government spending, business freedom, fiscal health, monetary freedom, labour freedom, trade freedom, investment freedom and financial freedom.

As for the countries neighboring Azerbaijan, Georgia is ranked 26th. With this, “mainly free“is among the countries. There are 27 countries in this category.

Before Georgia, the Czech Republic, USAEngland, followed by Malta.

Armenia too Azerbaijan fell into the “moderately free” category. However, it ranked 58th, 17 places ahead of Azerbaijan. Italy comes first, followed by Serbia and Colombia.

Kazakhstan ranked 64th. It is also among the countries of the “moderately free” category. It was preceded by Indonesia, and then St. Lucia.

Azerbaijani officials usually state that there is economic freedom in the country. They say that there are conditions for building a business.

Independent experts, on the contrary, have always expressed their doubts about the reports released by local institutions.

According to them, the reason for this is that there are no independent research institutions in the country, and state-affiliated institutions create an image of “everything is fine” and publish misleading results.