WB: Azerbaijan among top-20 improvers in Doing Business 2020

Azerbaijan is among top-20 improvers in Doing Business 2020, Report informs citing World Bank (WB).

Sebastian-A Molineus, World Bank Regional Director for the South Caucasus, shared an information about this on his social network account and called it Azerbaijan’s success.

"Azerbaijan made it easier to do business in four areas measured by Doing Business: registering property, getting credit, protecting minority investors and enforcing contracts. Registering property was made faster following the formal mapping and registration of every privately-held land plot in Baku, improving records and speeding up real estate procedures. Minority investor protections were strengthened after liability was imposed on directors for unfair related-party transactions. When commercial disputes arise, parties can now file summons online and receive financial incentives for pursuing mediation," the statement said.

In Doing Business 2019, Azerbaijan moved 32 levels to rank 25th among 190 countries.