ISSUES OF RAISING RATING POSITION OF RAILWAY TRANSPORT SECTOR OF THE AZERBAIJAN REPUBLIC IN THE INTERNATIONAL COMPETITIVENESS REPORT
The article is devoted to the improving position of railway transport of the Azerbaijan Republic on the international rating in the International Competitiveness Report. The article notes and substantiates the need to provide citizens with high-quality railway transport services in accordance with international experience. As a result of the analysis, problems hindering development of railway transport in Azerbaijan, the current situation and development prospects in this transport branch were identified. In addition, role of private sector in the functioning of railway transport in some developed countries, implemented economic measures and their effectiveness, achieved economic results were studied and the possibility of applying this experiences in the Azerbaijan Republic were shown. The article also provides statistical and economic analyses, as well as forecast calculations of the main economic indicators registered in recent years in the field of railway transport of the Azerbaijan Republic, identifies existing problems and ways to solve them, and confirms the importance of reducing share of public sector in the field of railway transport and formation of the private sector. Moreover, in article for to achieve progress on the international rating indicators of Azerbaijan’s railway transport in the International Competitiveness Report state sector in this type of transport must be abolished, to carry out serious structural reforms, to create new private railway companies, to attract investment from private sources and etc. directions scientifically based proposals and recommendations were presented.