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Azerbaijani official: Country converts oil revenues into intellectual capital

Politics Materials 2 December 2010 12:34 (UTC +04:00)

Azerbaijan, Baku, Dec. 2 / Trend V.Zhavoronkova /

Azerbaijan is converting its oil revenues into intellectual capital and will continue its efforts in this direction, Azerbaijani Presidential Administration Political Analysis and Information Provision Department head Elnur Aslanov said at an international forum in Baku today.

Aslanov said the participation of representatives from over 15 countries in today's "Azerbaijan -- Eastern Partnership: Regional Challenges and Opportunities" forum, which is organized by the Azerbaijani Presidential Center for Strategic Studies, proves that the country is turning into a center of intellectual dialogue. He called this a "very important factor."

Azerbaijan is also growing rapidly from an economic point of view, Aslanov said. This is proven by high rates of economic growth during the financial crisis and the first quarter of this year.

Azerbaijan is turning into a regional center, he said.

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