On July 12, the President of Azerbaijan Ilham Aliyev sent a welcoming letter to the participants of the forum Ten years of privatization in Azerbaijan: successes and prospects, Trendreports.
The process of privatization of the state real estate takes an important place in the formation of the economic sphere of the country, and a private real estate with a great potential has been created in the country within a short time, said in the letter.
The favorable investment climate created in the country for the local and foreign entrepreneurs increases the investment level and ensures further strengthening of the economic potential of Azerbaijan. Over the past ten years, the development of the private sector increased its specific gravity in gross domestic product up to 80%, the president noted.
The state head voiced his confidence that the private sector will further develop and Azerbaijan will take its worthy place among the developed countries.