Azerbaijani parliament adopts government’s report on results of 2013

Photo: Azerbaijani parliament adopts government’s report on results of 2013 / Finance

Baku, Azerbaijan, March 14

By Abbas Akhundov - Trend:

Milli Majlis (parliament) of Azerbaijan adopted the government's report on the results of 2013 during its plenary meeting on March 14.

The dynamic social and economic development of the country continued in 2013, Azerbaijani Prime Minister, Artur Rasizade said presenting the report in the parliament.

The main goal of economic development is to improve the social welfare of the population, according to the prime minister. To this end, the macroeconomic stability, diversification of economy, sustainable development of the regions was maintained in 2013.

The real GDP growth in the country amounted to 5.8 percent and the non-oil sector increased by 10 percent during the reporting period, Rasizade said. Some 22 billion manat was invested in the country's economy from all sources in 2013. Some 74.3 percent of all investments came from the non-oil sector. The annual inflation amounted to 2.4 percent.

The official exchange rate on March 14 is 0.7843 AZN/USD.

Translated by L.Z.

Edited by C.N.

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