Ilham Aliyev: Reforms will enable Azerbaijan's development to be even more successful in future

Ilham Aliyev: Reforms will enable Azerbaijan's development to be even more successful in future

BAKU, Azerbaijan, Jan. 17

Trend:

Reforms will enable Azerbaijan's development to be even more successful in the future, Azerbaijani President Ilham Aliyev said in his speech at a meeting on the results of 2019, Trend reports.

"Very positive results were achieved in the economic sphere last year. They testify to the fact that we are pursuing a sound policy. I believe that Azerbaijan successfully met all the goals in the economic sphere in 2019. It would be sufficient to look at the figures to see that 2019 was a successful year for our country in terms of economic development. The World Bank included Azerbaijan in the list of 20 most reforming countries. This is a great achievement, which testifies to the fact that the fundamental reforms our country has carried out are approved by leading international institutions. I can say that, in general, 2019 was a year of deep reforms – political, economic, social, as well as personnel and structural transformation," President Ilham Aliyev said.

The head of state noted that these reforms will enable Azerbaijan's development to be even more successful in the future. This includes economic growth, which will increase even more.

"I believe that the results achieved in the economic sphere last year are satisfactory. Thus, the gross domestic product grew by 2.2 percent. This is a good result, especially considering that this growth in the non-oil sector is 3.5 percent. Industrial production has increased by 1.5 percent, while in the non-oil sector industrial production grew by 14 percent. This is a manifestation of the work done in the field of industry in recent years. Industrial production in Azerbaijan has grown both at the expense of public funds and as a result of private sector activity. I am sure that this growth will continue to be sustainable," President Ilham Aliyev said.

The head of state underlined that agriculture grew by about 7 percent.

"This growth was particularly high in crop production – more than 10 percent. This is also the result of the work done. Inflation amounted to only 2.6 percent and cash incomes of the population grew by 7.4 percent. This is evidence of the fact that monetary incomes of the population were ahead of inflation. Thus, real incomes of the population have increased. I believe that this is one of the key issues for any country. Our non-oil exports have increased by 14 percent. This is also a very good result. This growth was due to the attention paid to the activities of the private sector in recent years, the provision of low-interest loans, ongoing reforms related to subsidies and other measures," President Ilham Aliyev said.

The head of state stressed that Azerbaijan's foreign exchange reserves have increased by $6.4 billion to reach a record high of $51 billion.

"I should note that Azerbaijan holds first place in the CIS space in terms of foreign exchange reserves per capita. The foreign trade surplus is $6 billion, which is an excellent result. I can say that there is a negative balance in the foreign trade of the vast majority of the countries around the world, but it is positive in our country. This, of course, will contribute to both maintaining the manat rate at a stable level and lead to macroeconomic stability in general. So the results and figures achieved in the economic sphere once again confirm that our policy is carefully thought-out and aimed at the result," President Ilham Aliyev said.

The head of state noted that as a result of the reforms carried out by tax and customs authorities, more than 1 billion manats entered the treasury in excess of the plan.

"This, in turn, allowed us the opportunity to initiate a very large social package for the population, and we did it. I believe that this is the largest social package in the history of modern Azerbaijan and the CIS so far. This is not our first initiative in this area. We remember that when repaying the deposits that were left over from the Soviet era and were in some way frozen, we also returned these deposits on the basis of the principle most acceptable to our citizens and with the most acceptable coefficient, thus becoming first in the CIS in this area as well. The social package implemented last year covered 4.2 million people and the material situation of our people improved. The minimum wage has been doubled, the minimum pension has been increased by 70 percent, some benefits by 50 percent, some have been doubled. In other words, we channeled the additional income received as a result of the reforms carried out last year primarily into the social sphere. I announced this at the beginning of last year and said that all the accumulated additional funds would be spent on the social sphere, which we did. As always, we keep our word. The positive developments taking place in the social sphere and the improving well-being of our citizens remain a priority for us," President Ilham Aliyev said.

"Of course, as a result of the successful economic policy, a lot of work was done in relation to social infrastructure. Sixty medical institutions and 84 schools have been built and renovated. Fifty schools are of modular type. They have been built in small and remote villages. This shows that the processes taking place throughout our country stem from the overall development potential."

The head of state underlined that infrastructure projects have been implemented.

"In the field of electricity, the “Shimal-2” power station has been commissioned. The capacity of this station is 400 megawatts. In parallel, as a result of the repair and restoration carried out at the Mingachevir Thermal Power Plant and other operating stations, we have restored about 400 megawatts of lost generating capacity. Thus, we received an additional 800 megawatts of generating capacity last year. Of course, this fully meets our needs. At the same time, we have great export opportunities. We currently have 1,000 megawatts of generating capacity in excess of our needs. If we take into account the measures taken to renew the electricity infrastructure, we can say that very serious work has been done in this direction. Gas supply in our country has reached 96 percent. A total of 345 sub-artesian wells drilled will improve water supply of hundreds of villages. I must also say that more than 400 sub-artesian wells will be drilled this year. The list already includes the names of villages in all our districts and we will do this as part of the investment program during the year. As for road construction, major projects will be implemented this year in relation to trunk, intercity, rural and intra-village roads. The construction of a new Baku-Sumgayit-Russian border, Ganja-Georgian border and Astara-Iranian border highways is planned on. Last year, 1,300 kilometers of roads were built. We planned on about a thousand kilometers, but due to additional income, 1,300 kilometers of roads were built during the year using the resources of the President’s Contingency Fund and the state budget," President Ilham Aliyev said.

The head of state noted that infrastructure projects are being implemented as part of the fourth state program on the socioeconomic development of the regions adopted at the beginning of last year.

"This is a five-year program. The previous three programs have been successfully completed. I am sure that there will be no problem with the implementation of the fourth program either. So I believe that after the completion of the program, all our infrastructure projects, including those related to the social infrastructure, will be implemented. At the beginning of last year, a strong earthquake occurred in Shamakhi, Agsu and Ismayilli districts. Fortunately, there were no casualties. However, thousands of homes were affected. Visiting the region in the immediate aftermath of the earthquake, I promised that all houses would be rebuilt, repaired and restored before the onset of winter. As always, we have kept our word, all the main consequences of the earthquake have already been eliminated and thousands of houses have been built, repaired and restored. This shows again that people’s problems are in the spotlight. I said this before and want to say it again: a lot of educational work should be carried out in Azerbaijan in relation to property insurance," President Ilham Aliyev said.

The head of state noted that people need to know that homes and property must be insured.

"Considering the big gaps in this area in Azerbaijan, the state took the entire financial burden upon itself. Of course, this required large amounts of money, but let me say again that people’s comfort, well-being and decent living conditions are our priority. But I believe that it is necessary to take very serious steps related to property insurance, including public awareness, this year and in subsequent years. Various activities should be carried out in relation to this issue, to inform people in detail about future steps. I am instructing the government to pay attention to this issue. This will also have a positive impact on the development of our country's insurance sector," President Ilham Aliyev said.

Azerbaijan's ENGINET company talks unique solutions for local market
Azerbaijan's ENGINET company talks unique solutions for local market
Azerbaijani PASHA Bank eyes attracting IT companies to implement joint projects
Azerbaijani PASHA Bank eyes attracting IT companies to implement joint projects
Azerbaijani IT company seeks to promote smart home systems abroad
Azerbaijani IT company seeks to promote smart home systems abroad
Loading Bars
Latest
New reality created in South Caucasus - head of department at Istanbul Kadir Has University
Demining of Azerbaijani lands complicated by Armenia’s refusal to provide maps of minefields - Expert
Long-awaited end to Karabakh conflict creates new opportunities - Former US ambassador to Azerbaijan
Azerbaijan shows footage from Kechikli village of Zangilan district (VIDEO)
Azerbaijan interested in strengthening export and investment potential with Argentina
President Aliyev gives speech at virtual Summit of Economic Cooperation Organization
MFA shares potential sectors of Lithuanian investment in Georgia
Georgian kiwi enters Japanese market
Azerbaijan's ENGINET company talks unique solutions for local market
Kazakh gold extracting venture opens tender to buy spares
Kazakhstan intends to attract funds to improve energy efficiency of facilities
Volume of food products sold in Baku's trade network increases
Georgia shows progress in curbing coronavirus cases - WHO
Azerbaijani Finance Ministry allocates funds for maintenance services
Restaurant business subsidizing program launched in Tbilisi
UK's Johnson says Brexit problems in Northern Ireland are solvable
Supporting Member Country ECAs: ICIEC endorse supportive reinsurance treaty with JLGC
Uztekstilprom, French Proparco talk profitable financing for textile projects
Georgian consulting company launching project for female entrepreneurs
Georgian wine export to US down
Russia and Azerbaijan lead in import of electricity to Georgia
Several low-cost airlines resume flights to Georgia
Azerbaijan-Belarus foreign trade operations for Jan. 2021 revealed
Azerbaijan confirms 124 more COVID-19 recoveries
Kazakhstan increasing control over development of oil and gas fields
State property privatization plan in Georgia surpasses initial plan
Several containers with cargo to pass through Azerbaijan along BTK railway - ADY Container
Rehabilitation centers can be established in Azerbaijan's liberated lands - Agency
Azerbaijan discloses number of imported cars in 2020
Uzbekistan’s 1M2021 profit for banks increases
Germany approves AstraZeneca for over-65s
New plant to be commissioned in Baku
Azerbaijan to receive Astra Zeneca vaccine via COVAX mechanism - WHO
Turkmengas opens again tender for operation of video surveillance system
Uzbekistan, Belarus agree to expand range of mutually supplied agricultural products
Uzbek currency rates for March 5
Italian Eni launches implementation of its solar energy project in Kazakhstan
Ensuring security in Karabakh our top priority - Turkish president
Georgia eyes to select new investor for Anaklia port
Creation of Kazakhstan-Azerbaijan Business Council under discussion
Covaxin demonstrates prowess of Atmanirbhar Bharat, says ICMR chief
India, Philippines sign key defence pact, set ball rolling for BrahMos missile sale
Turkey supports Georgia in deepening relations with Euro-Atlantic structures
Moldova Post plans to develop co-op with Turkmenistan in field of postal services
Georgia preparing for issuance of new Eurobond
Europe reviewing Russia's COVID-19 vaccine
German companies interested in funding Azerbaijan's railway projects
Uzbekistan to launch production of electric scooters in Fergana region
Azerbaijani State Customs Committee chairman names most-imported products for 2020
India, Norway to work together in marine spatial planning
PM Modi may launch trading points, connectivity projects in Dhaka
India to fund NRs 246 million for reconstruction of Cultural Heritages in Nepal
Kazakhstan, Tajikistan resuming mutual air traffic
Several ships and related facilities to be launched in Iranian ports
Iran reveals COVID-19 data for March 4
Azerbaijani FM’s letter to UN sec-gen disseminated as document of organization
Kazakhstan increases imports of Iran-made goods
Georgia plans to create new economic development plan
Baku Statistical Department discloses Jan. 2021 volume of paid services to citizens
Electricity production in Georgia to increase after Namakhvani HPP is ready
Uzbekistan reveals volume of industrial production for Jan. 2021
Students and graduates of Baku Higher Oil School shown high results in entrance exams for master's degree programs
Azerbaijani PASHA Bank eyes attracting IT companies to implement joint projects
Azerbaijani banks' demand at foreign exchange auction decrease
Iran’s Bahar Azadi gold coin price fell
Azerbaijan, Turkey to hold joint military exercises (PHOTO)
Turkish foreign minister to visit Uzbekistan
Volume of cargo loaded, unloaded in Iran’s Dayyer port revealed
Kazakhstan’s Ulba Metallurgical Plant announces tender to buy accumulators
Moldova Post talks details of postal communication resumption with Turkmenistan
Buta Airways to launch ticket sales for Baku-Istanbul-Baku Flights
Iran Khodro Company expects to meet forecasts
Azerbaijani IT company seeks to promote smart home systems abroad
Iran declares data of exports, imports via Astara port
Several mines produced by Armenia found in Azerbaijan’s Aghdam district - Trend TV reports
Azerbaijan releases 2M2021 data on transactions of local investment companies'
EU delegation's head talks interest in raising Azerbaijani regions' financial inclusion
Most of construction work in Baku during Jan. 2021 carried out by private companies
BlackRock builds 5% stake in Toshiba, becomes third largest shareholder
Iran discloses volume of rapeseed to be harvested
Azerbaijan, Iran negotiating to open customs post on border, in Khudaferin village
Uniper sees increase in generation capacity
EU invests in micro-entrepreneurship dev't in Azerbaijani districts
Azerbaijan gives update on number of COVID-19 vaccinated citizens
Turkmenistan to expand production of Balkanabat iodine plant
Azerbaijan expects creating new broadcasting opportunities for Internet TV, radio channels
Belarus excludes Azerbaijan from list of countries with heavy COVID-19 situation
Israeli identity validation co Identiq raises $47m
Kazakhstan boosts trade turnover with India despite COVID-19
Industrial oil inflow received at Turkmen field
Exxon and Macquarie in $11.7 billion U.S. lawsuit over gas contract
China boosts steel imports from Turkey
Georgia reports 133 new cases of coronavirus for March 4
Azerbaijan considers joint military exercises with Pakistan - President Aliyev
Azerbaijan wants peace and is promoting peace today - President Aliyev
President Aliyev: We hope Pakistan will join existing, emerging transport routes Azerbaijan
Pakistan one of handful of countries that does not have diplomatic relations with Armenia - Azerbaijani president
From first day of war, Pakistan shown solidarity, support for Azerbaijan - President Aliyev
EU eyes to foster clean energy transition and decarbonisation in Georgia
Kazakhstan records growth in volume of payment services
All news