Main tasks of Azerbaijan's economy fulfilled - Ilham Aliyev

Main tasks of Azerbaijan's economy fulfilled - Ilham Aliyev

Baku, Azerbaijan, Jan. 30


Azerbaijan’s economy was developing, and the main tasks have been fulfilled, Azerbaijani President Ilham Aliyev said.

The president was speaking in Baku Jan. 30 at a conference dedicated to the results of implementing the "The State Program on socio-economic development of the regions of the Republic of Azerbaijan in 2014-2018."

Ilham Aliyev added that the main indicators of Azerbaijan’s economy are positive.

“Azerbaijan’s agriculture sphere grew by 2.6 percent, the country’s non-oil industry - by 5 percent, despite the fact that the global oil price fell by 3-4 times,” he said. “We were able to ensure this development due to work carried out over the preceding years and deep reforms implemented in 2016.”

“Of course the ongoing global economic and financial crisis negatively affected our work as well, but I believe that Azerbaijan managed to get out of such a hard situation with minimal losses in comparison with other countries,” Ilham Aliyev said. “More than 100,000 permanent jobs were created last year. This process has been going on since 2004.”

The president went on to say that Azerbaijan was able to maintain the currency reserves of the country's State Oil Fund.

"I think this is very significant," he said. "The majority of oil-rich countries spent a part of their currency reserves, while we tried to save, and succeeded.”

“We are going to need our currency reserves for today, tomorrow, and these reserves are a factor that strengthens our economic opportunities, economic independence in general,” President Aliyev said.

Ilham Aliyev went on to add authoritative international economic institutions also highly assessed the work carried out by Azerbaijan in 2016.

“The biggest global non-governmental economic institution among them - the Davos World Economic Forum, which unites all the world leaders, as well as world’s political and economic elite, - once again gave a positive outcome in its report on Azerbaijan,” he said.

“Thus, in terms of competitiveness of countries, Azerbaijan has stepped up, settling for 37th place,” he said.

“According to another indicator of inclusive development among the developing countries, these estimates bring together about 80 developing countries, and Azerbaijan shares first and second places in this rating. This is the assessment given to our work by the leading international economic institutions.”

“Of course, we are doing our work not for the rating, but naturally, when such opinions are voiced, this pleases us even more, and at the same time, it is a kind of a signal to all financial structures in the world,” Ilham Aliyev said.

“So today its not a problem for Azerbaijan to get a loan for any project. Even our current policy is that we are not especially prone to attracting foreign loans.”

Azerbaijani president noted that from now on, it is necessary to seek to have the work done using the internal capabilities, because the growth of external debt is not a positive factor.

“In Azerbaijan, this indicator stands at a very good level, at about 20 percent,” he said. “This is a higher figure compared to previous years, and the reason is the devaluation of the manat. During the previous periods, our foreign debt didn’t exceed 10 percent. Nowadays, this is also an acceptable level, but we must try so that this figure wouldn’t grow, but on the contrary, would decrease.”

“In order to reduce the external debt, we must take foreign loans with utmost care,” Ilham Aliyev said. “But we can take foreign loans for projects of strategic importance for Azerbaijan.”

“In short, I believe the overall economic development in 2016 should also be positively assessed. In particular, the dynamics of the work carried out in the country’s districts was also preserved,” he said.

“Much work was done in Azerbaijan’s districts last year,” he added. “Social and economic development of the districts and implementation of state programs have changed the image of our districts.”

The Azerbaijani president reminded that today’s conference is the 14th in a row.
“It has been 14 years already that in the beginning of each year we evaluate the work done, identify shortages and compile an action plan for the future,” he said. “This year too we are holding this meeting, remaining true to this tradition.”

He expressed hope that the discussions to be held at the conference will make it possible to form an opinion about the work to be additionally implemented in 2017.

“While compiling the regional development programs we obtained conclusions from districts and the third state program, which is being discussed by us today, was drawn up and adopted in 2014 based on the proposals received and considering the strategic directions of the country,” Ilham Aliyev added. President Aliyev said the programs are aimed at solving all the existing problems, the social issues worrying people.

These programs are very concrete, and specific objectives are set in them, he added.
Ilham Aliyev noted that both the first and the second programs were successfully implemented, expressing confidence that the result of implementation of the third program will be the same.

The president said the adoption of the state program in 2014 is a historic event, because the development of Azerbaijani districts, diversification of the country’s economy, the implemented measures and infrastructure projects have created today’s reality.

“If we hadn’t adopted the program on my initiative at that time, of course, we wouldn’t have achieved today’s success in the districts,” Ilham Aliyev said.

“All our districts and cities have become well-maintained, beautiful,” he said. “Our main cities – Baku, Ganja, Sumgait – delight the eye, they are a kind of example for the world. Improvement work was carried out in all our cities and major infrastructure projects were realized.”

“This contributes to today’s dynamic development of Azerbaijan, as well as the effective use of these opportunities by business structures,” said Ilham Aliyev.

Number of active U.S. drilling rigs increases this week
Number of active U.S. drilling rigs increases this week
SOCAR to supply Rosneft’s oil products to Baltic states, Ukraine, Poland
SOCAR to supply Rosneft’s oil products to Baltic states, Ukraine, Poland
Georgia receives financing from WB toward cost of energy supply reliability
Georgia receives financing from WB toward cost of energy supply reliability
Loading Bars
Europe has right conditions for "safe reopening" of tourism in summer - EU Commissioner
Georgian-Lithuanian co-op facilitates freight transport between China, Europe - Ministry
Jan.-Apr. 2021: Georgian wine export up 15%
Demand for domestic tourism on the rise in Kazakhstan
Some 300 applicants register for Presidential elections in İran
Turkey’s 87 tech zones exports reach $5.8 billion
China's probe lands on Mars
Kazakhstan keen to cooperate with Spain in water resources management
Number of active U.S. drilling rigs increases this week
Cuba reports record number of daily COVID-19 cases
Japanese lawyer implores Tokyo to cancel Olympics, 350,000 sign petition
Romania to ease COVID-19 restrictions from Saturday
U.S. city Columbus agrees to pay 10 mln USD to family of unarmed black man killed by police
3 rockets fired from Syria toward Israel
Indonesia reports 2,633 new COVID-19 cases, 107 new deaths
Turkey reports over 14 400 COVID-19 cases)
New project 'Log in Georgia' to give access to high-speed internet to people in rural areas
Head of Kazakhstan holds meeting with World Bank Vice President for Europe and Central Asia
Lithuanian company launches innovative complex solution in Azerbaijan's financial sector
5.2 mln Ethiopians in restive northern region need food aid - UN
Improved coronavirus conditions lead to further relaxation of restrictions in Cyprus
Israel's annual inflation up 0.8 pct, highest in nearly 2 years
Chairs of Azerbaijani Parliament, Turkish National Assembly talk issues of mutual interest
COVID-19 kills 202 more Iranians over past 24 hours
Lithuania gifts 15,000 Covid-19 vaccines to Georgia
Turkey to gradually relax COVID-19 measures, normalcy in June
President Tokayev receives Finnish Minister for Development Cooperation and Foreign Trade
First Vice-President Mehriban Aliyeva made another post from Karabakh (PHOTO/VIDEO)
Germany's COVID-19 incidence rate drops below 100 for first time in two months
Georgia updates environmental targets with support from EU4Climate project
Azerbaijani FM, high-ranked EU official discuss Armenian-Azerbaijani border situation
Extra costs to air fares for PCR testing almost double flight cost - IATA
SOCAR to supply Rosneft’s oil products to Baltic states, Ukraine, Poland
Google leads U.S. business push to preserve work permits for H-1B spouses
Production of electric cars in Iran needs more motivation - ministry official
Azerbaijan, US exchange views on Armenian-Azerbaijani border situation
Azerbaijan shares data on number of vaccinated citizens for May 14
Georgia negotiating with South African, Polish companies to manufacture military UAVs
Second batch of Sputnik V vaccine expected to be delivered to India by end of the week
London May cocoa expiry sees 72,230 tonnes tendered
Azerbaijan confirms 326 more COVID-19 cases, 1,262 recoveries
Azerbaijan names date of issuing tickets for UEFA EURO 2020 matches in Baku
Afghan president calls Azerbaijani president
Wizz Air joins airlines cancelling Tel Aviv flights
Georgia receives financing from WB toward cost of energy supply reliability
More Azerbaijani enterprises to export tomatoes to Russia
'Lancet report on India COVID-19 response another attempt to undermine developing country's ability to challenge big pharma's monopoly'
Kazakh telecommunications company opens tender to buy station for wells management
Russia reports 9,462 daily COVID-19 cases
Azerbaijani MoD names number of commissioned military units in liberated areas (PHOTO)
Total assets of INPEX rise in Q1 2021
INPEX sees decrease in net natural gas sales
INPEX Corporation increases net sales of crude oil
Turkish company Chalik Holding to build new wind farm in Georgia
No oil deliveries planned from Azerbaijan to Belarus in May
Revenues of Azerbaijan State Maritime Agency decrease
Kazakhstan's ERG eyeing more investments into future projects
Kazakhstan sees decrease in trade with Netherlands
Kazakhstan, France discuss fuel energy cooperation prospects
Georgia reports 1,390 new cases of coronavirus for May 14
France's Macron to go down in history as killer of OSCE Minsk Group
Airbnb bookings jump 52% as vaccinations spur vacation rental demand
SOCAR ready to share capacity of Southern Gas Corridor with Turkmenistan
Kazakhstan decreases exports to Hungary
Azerbaijani oil prices decline
Russian IrAero to launch flights to Azerbaijan soon
Zulfiya Khanbabayeva to be the next narrator of Nar's ‘Reading hour’ project (PHOTO)
Apple supplier Foxconn reports Q1 profit T$28.2 bln, beats estimates
Kazakh gas supply company opens tender for pipeline maintenance
Georgia reveals rating of its largest wine and spirits companies
Georgian Geofresh company eyes Europe, Dubai to expand exports
Georgian Adjara creating new platform for tourism development
Turkey discloses number of ships received by Tuzla port
Turkish ministry discloses volume of cargo handled through Bartin port
Sweden, WB supporting Georgia by addressing wastewater treatment challenges
IMF underlines successfully completed four-year extended program in Georgia
Georgia considers opening of land borders
UN Secretary General calls for immediate cessation of hostilities in Gaza Strip and Israel
Kazakhstan requires sustainable management practices for natural resources - UNIDO
Iran’s FM meets with Spanish counterpart
Kazakhstan reports 2,549 more COVID-19 cases, total at 353,140
Turkey reports 11,534 new COVID-19 cases, 5,083,996 in total
6.0-magnitude quake strikes off Japan's Fukushima Prefecture, no tsunami warning issued
Colonial Pipeline restarts entire pipeline system - company statement
Hamas launches 100 more missiles in direction of Ashkelon
More than 745,000 COVID-19 infections detected worldwide over past 24 hours - WHO
UN Security Council to hold open session on Israel and Gaza Strip on May 16
Oil prices drop as U.S. pipeline resumes operations
Latvia eases entry rules for vaccinated travelers
Three rockets launched toward Israel from Lebanon, no damage -Israeli military
Africa's COVID-19 cases surpass 4.66 mln
Over 500 residential buildings razed by Israeli airstrikes in Gaza Strip
Azerbaijani Foreign Ministry issues statement on tension on Armenian-Azerbaijani border
China's Qinghai donates anti-pandemic supplies to Kyrgyzstan
Azerbaijani FM talks tension on Azerbaijani-Armenian border with OSCE Chairman-in-Office
Georgian's commercial banks see increase in number of total loans
Azerbaijani, Russian FMs exchange views on tensions on Azerbaijani-Armenian border
Overseas election headquarters established at Iran’s foreign ministry
Sputnik V approved for use in Republic of Maldives
Azerbaijan shares data on number of vaccinated citizens for May 13
All news