Minister: Growth of Azerbaijan's non-oil sector projected at 7.3 percent in 2011
Azerbaijan, Baku, Oct. 12 / Trend I. Khalilova /
The Azerbaijani government plans to accelerate the modernization of the industrial complex of the country and create new areas of production within the measures for state support of industry development, Shahin Mustafayev, Minister of Economic Development, said at a plenary session of the Azerbaijani parliament.
"The growth rate of non-oil industry is projected at 7.3 percent in 2011. Taking into account the positive impact of reconstruction of chemical plants, the growth is projected at 10.3 percent in the chemical industry, minister said.
The growth is projected at 22 percent in the metallurgical industry in 2011. The average annual growth will hit 14.2 percent for the next three years.
"These forecasts are connected with the plans to expand production at the plant of the Baku Steel Company, the activity of the Ganja aluminum plant in 2011 and increased gold production," minister said.
The growth in the production of building materials is projected at 8.6 percent in 2011. It will be achieved as a result of ongoing reconstruction activities in the Garadagh cement plant.
He said that the Balakhany waste plant will fully operate to improve the environmental situation in the country by late 2012. As a result, about 230 million kilowatt-hours of thermal energy can be received.
The growth in agriculture, forestry, fisheries is expected to reach 5.5 percent next year.