Azerbaijan’s readiness for doing business varies from 87% in the financial services sector to 36% in corporate bankruptcy. As reported by Minval, the World Bank assesses the country’s capacity by examining how prepared Azerbaijan is for doing business.
It is noted that the regulatory and legal framework received 72 out of a possible 100 points, public services scored 63 points, and operational efficiency also scored 63 points. At the same time, Azerbaijan demonstrates strong performance in financial services — both in absolute terms and compared with all countries surveyed. With 87 out of 100 points, Azerbaijan ranks among the top 20% of countries. Azerbaijan has well-developed transaction security systems, credit information systems, and commercial lending regulations.
Nevertheless, the World Bank believes that Azerbaijan still has room for improvement in the area of corporate bankruptcy — both in absolute terms and in comparison with all countries studied. With 36 out of 100 points, Azerbaijan falls within the bottom 40%. There are gaps in the provision of digital services within bankruptcy procedures in Azerbaijan.
