President Ilham Aliyev: Successes achieved in economic sphere over past 16 years are unmatched in world

President Ilham Aliyev: Successes achieved in economic sphere over past 16 years are unmatched in world

BAKU, Azerbaijan, March 14


The successes achieved in the economic sphere over the past 16 years are unmatched in the world, said Azerbaijan’s President Ilham Aliyev addressing the first session of the Azerbaijani Parliament’s sixth convocation on March 10, Trend reports.

“If there are, let them say, look at the statistics – what country has been able to increase its economy 3.4 times in 16 years? The poverty rate that was close to 50 percent is at 4.8 percent now and will decrease even more because salaries and pensions are increasing and will increase further, as well as benefits. The external debt accounts for 17 percent of the gross domestic product. This is a very low rate. In some developed countries, it exceeds 100 percent. But more importantly, our foreign exchange reserves are six times the size of the external debt. So if we want, we can repay our external debt in a month. In order for some countries to pay off their external debt, their foreign exchange reserves should be 50 times higher than they are now,” said the head of state.

He noted that such successes in the economic sphere have been achieved in recent years.

“In the social sphere – salaries and pensions have grown more than 10 times. Problems of internally displaced persons and martyr families are being addressed. We have become a space-faring nation. We have three satellites. The International Congress of Astronautics will be held in Baku in 2022, we won this right in a tense struggle. Four cities took part in this competition - Delhi, Rio de Janeiro, Singapore and Baku. We won. Why? Because we are respected there,” said President Ilham Aliyev.

“I can list such facts for a long time. Just look at our energy policy to see what we have done for our people, state and continent. Oil and gas pipelines – the implementation of the Southern Gas Corridor is nearing completion today. We did this in a difficult geopolitical setting with minimal, one might say zero losses. Not only did, but also created a format for long-term international cooperation between seven countries. Today these countries are natural friends. Though not allies, but natural friends. Therefore, our role in this area is undeniable, we are the leaders in this area,” said the head of state.

“In the field of transport. We have turned a landlocked country into a transportation hub. There are many such facts, and each of them had a positive impact on the elections. The vast majority of MPs elected to parliament correctly assess these positive trends. Perhaps their victory depended, among other things, on this factor. Today we live as an independent country, pursue an independent policy, do not interfere in anyone’s affairs and we do not allow anyone to interfere in ours. I am sure that we will continue to follow the path of independence and development. I am convinced that the Azerbaijani parliament will be active in this matter,” said President Ilham Aliyev.

Brazil exceeds 140,000 deaths from COVID-19
Brazil exceeds 140,000 deaths from COVID-19
Turkey unveils goods shipment figures from Lebanon via its ports
Turkey unveils goods shipment figures from Lebanon via its ports
Ukraine's president orders prompt investigation of plane crash
Ukraine's president orders prompt investigation of plane crash
Loading Bars
Azerbaijan's cotton company to purchase tires via tender
Turkmenistan's Turkmengas opens tender for purchase of electrical products
Iran lowers import of Turkey-made cars
Energy Community welcomes adoption of Law on Energy and Water Supply by Georgia
Iran discloses details of exports via Kerman Province
UK PM urges unity in global fight against COVID-19
Iran's National Information Network to function alongside global internet
Iran reveals details for returning of currency earnings from exports
Lebanese security forces kill two members of armed group
Iran's import of chemicals from Turkey dips
Weekly review of Azerbaijan's precious metals market
Total volume of non-bank deposits in Georgia′ s banking sector up
Italy considers production of Italian denim fabrics in Uzbekistan
Iranian Energy Exchange announces products to be on sale September 27
Azerbaijan's Anglo Asian Mining reveals revenue forecast for this year
UK records another 6,042 coronavirus cases
Brazil exceeds 140,000 deaths from COVID-19
Iran, Iraq discuss bilateral ties, regional developments
Turkey unveils goods shipment figures from Lebanon via its ports
Serbia to further boost ties with Turkey, President Vucic says
Deputy Health Minister – Georgia maintains ‘dark green zone’ status on global COVID-risk scale
EU-Kazakhstan Cooperation Committee debate COVID-19 impact, coop issues
Ukraine's president orders prompt investigation of plane crash
Iran's Bahar Azadi gold coin price continues to rise
Azerbaijan's FM meets with EU Special Representative for South Caucasus (PHOTO)
Azerbaijani president congratulates his China counterpart
England's COVID-19 app does not accept a third of test results
Kazakh cities introducing smart technologies via Smart City projects
Volume of cargo shipment from Spain across Turkish ports revealed
Kazakhstan increases exports to Greece despite COVID-19
Import of cars from Turkey by Georgia shows drop
Iran reveals its COVID-19 data for September 26
Azerbaijani ambassador meets with Russian St. Petersburg's governor
Azerbaijan confirms 131 more COVID-19 recoveries
Kazakhstan, EU eye establishing direct air flights
Azerbaijani president expresses condolences to president of Ukraine
Uzbekistan, Egypt eye to co-op regarding electrical equipment production
Russia reports over 7,500 coronavirus cases in the past day
Turkmenistan’s Turkmentruba opens tender to buy chemical products
Kazakhstan's postal service operator to buy coal via tender
Volume of loans issued by Georgian commercial banks down
Loan portfolio of banks, NBCOs in Azerbaijan down
Volume of cargo shipment from Egypt across Turkish ports revealed
Weekly review of Azerbaijan's currency market
Azerbaijani oil prices on the rise
Volume of food oil exported from EAEU to Turkmenistan revealed
Average monthly salary in Baku increases
Member of Pakistani Senate: Ethno fascism of Armenia - menace to regional stability
Total assets of Azerbaijani banks decline
Share of Turkish cars on Israeli market down
Uzbek airport to buy accumulator batteries and agriculture tires via tender
Uzbek airport to buy auto parts via tender
China increases import of Turkish cars
Turkey's chemicals exports to Georgia down
Turkish gov't: Pashinyan's statement on Azerbaijan, Turkey - attempt to deceive world community
Philippines surpasses 300,000 confirmed coronavirus cases
Azerbaijani delegation to UN: Armenian attempts to disguise unlawful actions by self-determination - fundamentally flawed
Georgia increases export of apples
Turkmenistan's Turkmenabat chemical plant develops co-op with country’s private sector
Another rise in food prices expected in Georgia
Number of oil and gas wells drilled in Iran revealed
Uzbek-Korean AO Uz-Dongwon opens tender for transport services
Azerbaijan's MFA: Armenian MFA's worthless statement can't deny truth said by President Aliyev
Uzbek-Korean Uz-Kor Gas Chemical LLC to buy software via tender
Uzbekistan to create its own COVID-19 vaccine
China's Changan Ford JV sales to grow this year, company official says
Iranian currency rates for September 26
Georgia reports 296 new COVID-19 cases
Uzbek potash fertilizers export to Indonesia to be increased
Turkmenistan brings home its citizens from Turkey amid COVID-19 threat
Russian’ Astrakhan interested in importing Turkmen textiles
Armenia violates ceasefire with Azerbaijan 48 times
Number of coronavirus cases in Uzbekistan approaches 55,000
Mitsubishi Motors to cut 500-600 jobs to reduce costs
Mitsubishi Motors to cut 500-600 jobs to reduce costs: sources
Every 250th person on Earth already contracted coronavirus
Latvia ready to provide access to its sea ports to Central Asian countries
Uzbekistan reduces import of electrical goods from Turkey
Gakharia: Georgia is a part of European civilization
Chinese mainland reports no new locally transmitted COVID-19 cases
American Airlines to get $5.5 bn loan from US Treasury
Togo's prime minister and government resign, presidency says
Brazil exceeds 140,000 deaths from COVID-19
124 illegal immigrants rescued off Libyan coast: UN
Seventeen more coronavirus patients die in Moscow in past day — crisis center
U.S. COVID-19 cases surpass 7 mln -- Johns Hopkins University
FAA chief set to conduct 737 MAX evaluation flight next week
UK pledges over $400 million for WHO, calls for end to 'ugly rifts'
25 people killed in military plane crash in Ukraine (UPDATE)
UAE reports 1,008 new COVID-19 cases, 89,540 in total
Turkmen textile company reveales production volume
Coronavirus cases pass half-million mark in France
Kazakhstan's export to Romania decreases amid COVID-19
TRT World aires documentary on devastating effects of Armenian-Azerbaijani conflict (VIDEO)
Inflow of Turkish labor migrants to France plunges to record low
Iran's trade with EU declines
Google to block election ads after November 3
Police officer shot dead at custody centre in London
Turkmen textile company talks impact of COVID-19 on exports
Level of dollarization on individuals' bank deposits in Azerbaijan increase
All news