Azerbaijan is a leader among the world countries for the economical development rate and investment attraction and exceeds the neighboring Turkey for credit rating, the Azerbaijani economic Development Minister Heydar Babayev told on November 7, at the parliamentary meeting on discussion of the 2007 state budget, Trend reports.
According to him, Azerbaijan has become a center of regional importance due to the commencement of the exploitation of Baku-Tbilisi-Ceyhan pipeline, construction of Baku-Tbilisi-Arzurum gas pipe line, and the development of the transit corridors. Presently the priorities of the Government are to effectively use the growing revenues.
One of the priority directions of the strategy of the Azerbaijani President is to open 600,000 new workplaces over 5 years. The measures to increase the employment in the non-oil sector yields positive results. Of course, the private sector plays a key role here. The National Fund for Entrepreneurship Development is a real source to fulfill the financial demand of small and medium business, the Minister said.