...

Stability of Azerbaijan’s economy is important factor for regional economic cooperation - President Ilham Aliyev

Politics Materials 22 May 2023 21:11 (UTC +04:00)
Stability of Azerbaijan’s economy is important factor for regional economic cooperation - President Ilham Aliyev

BAKU, Azerbaijan, May 22. Stability of Azerbaijan’s economy is important factor for regional economic cooperation, President of the Republic of Azerbaijan Ilham Aliyev said at the opening ceremony of the Azerbaijani-Lithuanian Business Forum in Vilnius, Trend reports.

"We have very low foreign debt, it's below 10% of our GDP. We have a stable national currency and I'm sure, will continue to be stable because we have a surplus of our international trade turnover, substantial surplus.

And hard currency reserves, which we accumulated in our State Oil Fund and Central Bank reserves is 10 times more than our foreign debt. So, stability of our economy is an important factor for regional economic cooperation and for investment climate because good investment climate is created not only by having good legislation. It is not enough," President Ilham Aliyev said.

Tags:
Latest

Latest