Over the past twenty years, more than $350 billion has been invested in the economy of Azerbaijan, with approximately half of that amount—$170 billion—originating from foreign sources. President Ilham Aliyev announced these figures during his speech at the Azerbaijan-Latvia business forum held in Baku on April 22.
Operative Information Center-OMM reports that the head of state emphasized the strategic importance of these financial inflows. "Thus, creating a favorable environment for investment was one of the goals before us, and this has been achieved in a broad sense," President Ilham Aliyev stated.
The Azerbaijan-Latvia business forum serves as a key platform to strengthen bilateral economic ties and explore new opportunities in sectors such as logistics, green energy, and technology. Azerbaijan has significantly improved its business climate in recent years through legislative reforms and the establishment of free economic zones. These efforts are part of a broader initiative to reduce the economy's dependence on oil and gas by fostering a robust non-oil sector and integrating more deeply into the global market.
