Ali Asadov: Over $338B invested in Azerbaijan's economy over past 20 years

Over $338 billion has been invested in the Azerbaijani economy over the past 20 years, Prime Minister of Azerbaijan Ali Asadov said, Report informs.

"The favorable investment environment that has been created opens up broad prospects for foreign investors. As a result, over $338 billion has been invested in our economy over the past 20 years," he said.

According to him, the Azerbaijani economy is developing and a favorable investment environment has been created: "In 2024, the Azerbaijani economy grew by 4.1%, the non-oil and gas sector increased by 6.2%."

The prime minister emphasized that the country's external debt is less than 7% of GDP, and foreign exchange reserves exceed the external debt by 14 times.

"Measures are being taken to reduce the tax burden, eliminate administrative barriers, improve the legal framework, protect the rights and interests of investors, and the inviolability of property," the head of government emphasized, noting that the Alat Free Economic Zone also offers unique conditions for investors.