Baku: Azerbaijan has made significant progress in a number of non-oil sectors, as highlighted by Valerio De Molli, CEO of the Italian company TEHA Group and The European House. During his speech at the 1st Azerbaijan International Investment Forum held at Sea Breeze, De Molli emphasized Azerbaijan’s achievements, particularly in expanding its export base with growth in the exports of leather, minerals, iron, and steel.
According to Azeri-Press News Agency, De Molli pointed out that Azerbaijan ranks 8th globally in terms of the ratio of external debt to gross domestic product. This ranking underscores the country’s financial stability, which is a cornerstone of its attractive investment environment.
De Molli also noted Azerbaijan’s progress in scientific research, stating that since 2017, the country has ranked 9th worldwide in terms of growth in the number of scientific publications. He further commented on the shifting dynamics of global gross domestic product, mentioning the decline of the G7’s influence as the BRICS countries gain prominence.