BAKU, Azerbaijan, July 25. The content and structure of the existing socio-economic model will be significantly updated in Azerbaijan in the new strategic period, Trend reports via "Strategy for socio-economic development of Azerbaijan for 2022-2026".
"The adopted document "Azerbaijan 2030: National priorities for socio-economic development" will be implemented on the basis of a new model of socio-economic growth based on modern development ideology," the strategy said. "This ideology is based on creative entrepreneurship, productive investment, the development of intellectual property and competitive markets supporting innovations.”
“It’s envisaged to implement this model of socio-economic development in two stages. In the first stage (2022-2026), fundamental conditions for successful implementation will be formed in models of socio-economic development until 2030. At the second stage, which will cover 2027-2030, the creation of a qualitatively new image of the national economy will be achieved," the strategy noted.