BAKU: Azerbaijan has done tremendous work in the direction of digitalization and diversification of its economic model over the past two years, the President of StrategEast Anatoly Motkin told Trend.

“Azerbaijan, in fact, over the past two years has done tremendous work in the direction of digitalization and general diversification of the economic model from an exclusively resource-oriented to a knowledge economy. The fact that a year ago President of the Republic of Azerbaijan Ilham Aliyev signed a decree on the creation of a special tax regime creates prerequisites for international technology companies to be interested in the country,” he said.

According to the StrategEast president, the only difference is that Azerbaijan started this development when the western part of the world, which is the main customer, entered the stage of recession, and therefore the technology companies themselves are struggling to keep their budgets there.

“Azerbaijan has an opportunity to compensate for this by the fact that
Azerbaijan can become a customer itself and is, in fact, a customer for many technology companies, because both the telecom, oil and gas and banking sectors need digital solutions. And it has created new jobs by hiring local specialists by international companies attracted to the country,” he added.

To note, StrategEast is a leading independent organization working on the development of Eurasia’s digital economy in cooperation with international financial institutions, development agencies, global technology companies, and Eurasian governments.

StrategEast is a non-profit organization with offices in the US, Ukraine, Georgia, Kyrgyzstan, and Kazakhstan.

Source: Trend News Agency