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MP: Sustainable social and economic growth - main objective of new stage of Azerbaijani development

Business Materials 27 September 2013 16:48 (UTC +04:00)
Securing long term dynamic and sustainable socio-economic development is our new main goal, as well as an increase in the competitiveness and effective integration of Azerbaijan into the global economic system
MP: Sustainable social and economic growth - main objective of new stage of Azerbaijani development

Azerbaijan, Baku, Sept. 27 /Trend, E. Aliyev/

Securing long term dynamic and sustainable socio-economic development is our new main goal, as well as an increase in the competitiveness and effective integration of Azerbaijan into the global economic system, the head of the Economic Policy Committee of the Milli Majlis (parliament) of Azerbaijan Ziyad Samadzadeh said during a speech at the IV Eurasian Forum of Accountants and Auditors held in Baku on Friday.

"One of the main reasons behind the economic successes achieved by Azerbaijan is the fact that the government doesn't see the free market as a solution to all problems," Samadzadeh said.

He went on to add that mixed forms of ownership were preferred in order to get rid of the country's dominant public ownership.

"Today, thousands of private enterprises, cooperative associations and companies operate in the country. At the same time, there is an efficient state sector. The most important aspect is that the state retains control over strategic resources, and did not privatize the State Oil Company of Azerbaijan (SOCAR), formed the institute of state entrepreneurship and held consistent and systematic measures for the establishment of a strong business investment atmosphere," Samadzadeh said.

According to him, Azerbaijan's successes once again prove that the country's economic policy completely meets the interest of the people.

"As a result of socio-economic reforms, the economic power of the country has greatly increased. In total, a systematic approach to economic, social and political reforms led to the fact that Azerbaijan has achieved great economic success and has become a country that actively participates in the economic and political life of the region, Europe and the world," Samadzadeh said.

Baku is hosting the IV Eurasian Forum of Accountants and Auditors, organized by the Azerbaijan Union of Economists, Chamber of Auditors of the Azerbaijan Republic and the Association of Professional Financial Managers of Azerbaijan.

The forum, dedicated to risk management and internal control, brings together representatives of influential international accounting and audit organizations, profiles institutes from the United Kingdom, Russia, Turkey, Ukraine, China, Georgia, and other countries, as well as various ministries, agencies and the Parliament of Azerbaijan.

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