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Azerbaijan to Increase Investment in Social Sector – Azerbaijani President

Politics Materials 1 March 2007 12:57 (UTC +04:00)
Azerbaijan to Increase Investment in Social Sector – Azerbaijani President

Azerbaijan, Shemakha /corr. Trend A.Ismayilova / Azerbaijan will increase its investment within the social sector. Azerbaijani President, Ilham Aliyev, made this statement during a ceremony to lay the foundation of a new medical diagnosis center in Shemakha. The State Oil Company of Azerbaijan (SOCAR) has allocated AZN 5 mln for the purchase of equipment for this centre, which will be the 10th of its kind in the country. The hospital will open within a year.

President Aliyev stated that the construction of such social facilities within the framework of socio-economic development in Azerbaijan arose from the poor level of health experienced in the regions. Thanks to the co-operation with Azerbaijan in the oil sector, including the Baku-Tbilisi-Ceyhan main export oil pipeline, the country has gained greater financial opportunities.

"We have organized programs and action plans in all directions," he noted. Azerbaijan has recently marked its 3rd year of the Program on Socio-economic development of the regions in Azerbaijan. Over the past 3 years a great deal of work has been done in the country covering almost all regions in the country. If every region becomes strong from an economic aspect, it will probably affect the general development of the country and we have every opportunity for this to materialise," Present Aliyev stressed. . Over the past 3 years a great deal of work has been done in the country covering almost all regions in the country. If every region becomes strong from an economic aspect, it will probably affect the general development of the country and we have every opportunity for this to materialise," Present Aliyev stressed.

He also noted that wages at the public budget organizations are increased at a minimum twice a year. The President also noted that Azerbaijan uses the oil resources very expediently and presently the country is an initiator of large regional projects, which eases the resolution of many problems.

President Aliyev also became familiar with the progress of the construction of a plant of home appliances in Shemakha, which is to begin in May. The Plant is designed to manufacture 300,000 air conditioners, 200,000 refrigerators and 150,000 washing machines. The enterprise will employ 1,500 people. The equipment for the new plant will be supplied from Japan, Thailand, Italy and the United States.

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