Minister: Azerbaijani economy will enter new phase in its development by 2020 (PHOTO)
Azerbaijan, Baku, Sept. 10 / Trend A. Akhundov /
The Azerbaijani economy is able to surpass the targets set out in the 'Azerbaijan 2020: A Look into the Future' concept, Azerbaijani Economic Development Minister Shahin Mustafayev said at the first meeting of the National Group for the Concept Implementation today.
According to him, the Azerbaijani economy must enter a new phase of its development by 2020 by becoming competitive, highly productive and export-oriented.
"The concept envisages an annual growth of non-oil GDP by seven per cent bringing the GDP per capita to $13,000, non-oil exports per capita - up to $1000," the minister said. "These goals are pragmatic and very real. The results of the first months of this year show that we are able to not only achieve, but also improve the targets. As of the first seven months the GDP growth in Azerbaijan amounted to five per cent and non-oil GDP growth 10.5 per cent. The amount of investments into the economy of the country for the seven months exceeded 27.2 per cent for the same period of last year and non-oil exports increased by 10 per cent."
According to him, the group received proposals to prepare 166 documents for six months of its activity which include state programmes, strategies and concepts which should be implemented within 'Azerbaijan 2020: A Look into the Future' concept. There are already initial drafts of 83 documents. The group fulfilled about 250 operations in eight key areas and 450 sub-categories of the concept for six months.