“The World Economic Forum’s report ‘IDEA: Investing in the Digital Economy of Azerbaijan’ has praised Azerbaijan for its notable progress in fostering a supportive environment for startups and innovation,” the Minister of Economy of Azerbaijan Mikayil Jabbarov posted on X social media.

“The report highlights the crucial role of attracting foreign investments, invigorating the private sector, advancing digitalization, and implementing relevant policies as pivotal reforms driving the country’s socio-economic development. These successes indicate enhancements in the business climate, support for a competitive economy, and the effective execution of reforms geared towards modern solutions,” the minister added.