Heydar Babayev, Azerbaijan Minister of Economic Development said on December 15 that the Ministry is developing several proposals on boosting youth interests in the entrepreneur activities. He was addressing to a scientific-practical conference on the role of youth in Azerbaijan economic development.
The Minister said that the Ministry of Economic development has set up definite tasks to change the oil revenues into human capital. Noting the youth role in the implementation of state programs on socio-economic development of regions, Mr. Babayev said that Ministry offers every facility for young entrepreneurs. The key term for elimination of flow of youth from regions to the city is the provision of equal conditions. The Ministry has developed proposals for issue of privileges in the communal economy.
A special program has been developed on the education of youth abroad and the Ministry of economic Development will finance the education at the universities which it will select. Mr. Babayev said that all efforts will be directed at the establishment of non-oil sector in the regions, which will be capable of competing with the oil sector.