Baku, Azerbaijan, Jan. 29
By Azad Hasanli - Trend:
Last year, 4.5 billion manats were invested as part of the “State Program of Socio-Economic Development of Azerbaijan’s Districts for 2014-2018,” the country's Economy Minister Shahin Mustafayev said Jan. 29.
He was speaking at a conference on the results of the fourth year of the implementation of the State Program of Socio-Economic Development of Azerbaijan’s Districts for 2014-2018 being held in the Heydar Aliyev Center in Baku.
The minister noted that in 2017, efforts continued for the development of Azerbaijan’s non-oil sector, increase of the non-oil exports volume, and, in general, for the development of the country’s districts.
He said that this program radically changed the appearance of the districts.
Speaking about the measures taken to support entrepreneurship, the minister reminded that as part of the mechanism to promote exports, entrepreneurs received subsidies worth almost 3 million manats.
The number of business inspections was also reduced – 83 inspections were carried out last year, and 153 inspections were carried out since their suspension started, he said.
A total of 125,000 inspections were carried out for the previous three years, he added.
Mustafayev also reminded that 177,000 new jobs were created and 1,646 business licenses were issued last year.
(1.7001 manats = 1 USD on Jan. 29)