Azerbaijan among TOP-20 states in Doing Business 2020

Azerbaijan is among TOP-20 countries with the improved 'Doing Business 2020' rating, published by the World Bank.

According to the bank, 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,” the WB report said.

Furthermore, as stated in the report, when commercial disputes arise, parties can now file summons online and receive financial incentives for pursuing mediation.