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Azerbaijan forecasts growth of its non-oil industry till 2021 (UPDATE)

Business Materials 13 November 2017 12:59 (UTC +04:00)
Azerbaijan’s non-oil industry will annually grow by 7.3 percent in 2018-2021, Azerbaijani Deputy Minister of Economy Sevinj Hasanova said.

Details added (first version posted on 12:44)

Baku, Azerbaijan, Nov. 13

By Anvar Mammadov - Trend:

Azerbaijan’s non-oil industry will annually grow by 7.3 percent in 2018-2021, Azerbaijani Deputy Minister of Economy Sevinj Hasanova said.

Hasanova made the remarks at a joint meeting of five parliamentary committees dedicated to the discussion of the draft state budget in Baku Nov. 13.

“The volume of the agricultural sector will increase by 6.2 percent in 2018,” she added. “On average, over the next three years, the volume of the country’s agricultural sector will grow by 6 percent annually.”

"The volume of the tourism sector will increase by 6.6 percent in 2018, while over the next 3 years, the average growth is projected to be more than 6 percent," she said. “In total, the flow of tourists to Azerbaijan has increased due to the work carried out in the tourism sector.”

“The creation of modern infrastructure must contribute to the further development of the tourism sector,” Hasanova said, adding that a lot of international events have been recently held in the country.

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