Industrial production is created in the country because of the implementation of the State Program on Socio-Economic Development of Regions in 2004-2008, which replaces import and has also created 520,000 new jobs in the country over 3 years. Azerbaijani President Ilham Aliyev made this statement on February 13th at a conference dedicated to the implementation of the program.
He noted that the program envisages the comprehensive development of Azerbaijan, including the oil and gas sector. Sometimes, some tasks of the program are fulfilled properly, while it is the lesser part of general work, I'd like to see them gone, the head of state said adding that he was holding meetings with relevant bodies.
President Aliyev noted the economic growth of Azerbaijan made up 26% in 2005 and 35% - in 2006. This year the figure is forecast to be the same. The public budget expenditure increases. In 2003 the figure was 1.4bln manats, in 2007 it was 6.5bln manats and even more. In a few months we will consider the budget further, because new income is under consideration, the head of state stressed.
According to the President migration from rural areas to the capital has decreased and the number of poor dropped from 49% to 20%. Our policy and economic reforms go in a social direction, the Azerbaijani President stated.
He attributed the opening of the railway route Baku-Tbilisi-Kars as a victory for Azerbaijan, Georgia and Turkey. With the consideration of energy corridors we are becoming a transit country. This fact testifies the increase of the strategic significance of Azerbaijan. We are developing the private sector. Over the last three years the share of private sector in GDP rose from 73% to 81%, the head of state noted.
Present Aliyev said that in 2005-2007 the GDP doubled, while the amount of domestic investments also increased compared to foreign investment. In 2007 domestic investments are expected to comprise 1.5bln manats.
The President noted the problems existing in the country. In some cases social justice is violated. There are also too many unfair decisions and illegal interference into business, President Aliyev stressed. Azerbaijan is in the first phase of development of its oil and gas potential.