Weekly actual topics in Azerbaijan (Oct. 21-25)

Diversification- priority in Azerbaijani economic development for coming years

Azerbaijan achieved impressive successes both in political and economic spheres in the past ten years, according to both statistics and international experts. It is noteworthy that according to the World Economic Forum, the country's economy ranks the 39th place in the world.

At the end of last week, during his inaugural speech, the Azerbaijani President Ilham Aliyev in fact determined the priorities of the country's development for the coming years. The head of the state stressed that a diversification policy is pursued and will be pursued in the economic sphere.

Today, the energy sphere still plays an important role in the country's economy. The lion's share of the country's development stems from the energy sector. However, the head of the state set a goal to increase the non-oil economy by twofold over the next ten years (this figure increased by 10 per cent in 2012). This will allow making Azerbaijan's economy more flexible, sustainable, meeting the modern requirements, as well as will significantly decrease the dependence on oil sector.

Nevertheless, namely the diversification of the country's energy sector by creating various routes for delivering oil and gas to international markets and the sustainable electricity system ensured not only Azerbaijan's, but also the neighboring countries' energy security.
Apparently, the projects under the diversification policy will require large investments, the development of human resources and use of new technologies that will be a new round of the republic's development.

Currently, the country has even greater tasks. Being a reliable oil supplier, Azerbaijan intends to contribute to gas supply to Europe in coming years. The head of the state stressed that TANAP and the Trans-Adriatic pipeline projects that must be implemented within five years have a special place among the country's strategic projects.

"The implementation of these projects will turn Azerbaijan into a very important international player in the coming decades," President Ilham Aliyev said.

The country's internal economic policy first of all has a social orientation. And the social policy will remain as priority in subsequent years. In particular, work on "reducing poverty, improving the impoverished's living standards and other social programs will continue and the creation of a new social structure should be continued".

Figures also show this. Around 1.2 million new working places were opened in Azerbaijan in the past ten years, the unemployment stands at the level of approximately five per cent, poverty has reduced by almost ten times (from 49 per cent to 5.5 per cent), the average wage increased by 5.6 times and the average pension by 9.2 per cent. In recent ten years about 2,700 schools, nearly 500 hospitals, some 35 Olympic centers were built and historical monuments were restored.

Programs for reducing poverty, improving the people's living standards living under the poverty conditions and other social programs will be implemented and the creation of a new social infrastructure will continue in subsequent years.

In his inaugural speech, the head of the state pointed out the following issue as priority: "all products that can be produced in Azerbaijan must be produced in Azerbaijan".

Currently, an industrialization policy is being pursued in Azerbaijan. New enterprises are opened both by the state and the private sector. New large enterprises will be opened in the country in subsequent years, which in fact will become new industrial centers. By launching the first satellite Azerspace-1, Azerbaijan entered the list of space powers.

Great attention is also paid to food security that must be completely ensured. The head of state said that during the next five years, Azerbaijan should do so that the main food commodity would be produced in Azerbaijan for 100 per cent.

"We have both opportunities and concrete proposals for these and funds will also be considered. Measures related to agriculture will also be taken in the future. Large irrigation projects are implemented and thus, the best conditions will be created for the farmers," Ilham Aliyev said.

Today, Azerbaijan is the initiator of all the largest economic projects of the region.

Alongside oil and gas pipeline projects, transport corridors and infrastructure facilities, electricity exchange and export systems can also be put as an example.

Thus, in subsequent years, Azerbaijan's successful economic cooperation will benefit and contribute to the development of other countries in the region and the continent that have close trade and economic relations with the republic.

"I want to reiterate that Azerbaijan will continue to play its role in regional and international cooperation as a reliable partner. I reiterate, all of our foreign policy initiatives are built on friendship and cooperation," President Ilham Aliyev stressed.

Regional Gender Expert Group to be set up for CAREC Gender Strategy implementation
Regional Gender Expert Group to be set up for CAREC Gender Strategy implementation
OIC member countries boost imports of Turkish-made products
OIC member countries boost imports of Turkish-made products
Tourism ecosystem for high-spending tourists to be created in CAREC countries
Tourism ecosystem for high-spending tourists to be created in CAREC countries
Loading Bars
Turkey's defense industry developing even better despite import sanctions
IMF shares outlook on Azerbaijan's natural gas export for 2021-2022
Georgia reports 1,085 coronavirus cases for April 14
Hungarian Wizz Air to return to Georgian aviation sector
Investments in Kazakhstan's fixed assets down
Unique for Central Asia tourist complex launched in Kazakhstan
Azerbaijan Banks Association seeks to create special mobile banking platforms
Azerbaijan needs to ensure efficient online opening of bank accounts - ABA head
Russia allows supply of peppers, tomatoes from some Uzbek enterprises
Azerbaijani, Belarus presidents hold one-on-one meeting (PHOTO)
Uzbekistan, Germany discuss issues of co-op on transport sector
Sales of Iranian mining companies grow
GiLTEX welcomes customers in new Sumgayit shop (PHOTO)
Hungarian companies may take part in business forum on restoration of Azerbaijan's liberated lands
Kazakhstan's agriculture output surges over 1Q2021
Azerbaijani Central Bank to facilitate growth of countrywide mobile banking
Half of allocated for cotton land sown in Turkmenistan’s Mary region
Iran to create infrastructures in industrial parks of Qazvin Province
Azerbaijani insurance, financial companies eye to be integrated with ASAN Login
Uzbekistan, Saudi Arabia to expand co-op in tourism sector
Georgia preparing to place Eurobonds on London Stock Exchange
Georgia holds auction of thermal water company's privatization
Shares of Turkmenistan’s Senagat Joint-Stock Commercial Bank to be put on sale
Iranian energy minister talks about water, electricity facilities to be launched
Gold, silver prices rebound in Azerbaijan
Azerbaijan developing mobile platform for money transfers
Azerbaijani SOCAR names amount of recently realized investment projects
IMF expects Azerbaijan’s gas output to rise in 2021
Azerbaijan eyes expanding multimodal cargo transportation with Ukraine
UAE partners with Japan's iSpace to send rover to the moon in 2022
Activities of Iran’s Jask port expand
Iran boosts exports of agricultural products
Georgia aims to ensure sustainable development of wine industry
Turkish Energy Ministry prolongs TPAO's license for oil, gas exploration
Azerbaijani oil prices on the rise
Value of Azerbaijan's 1Q2021 imports of Turkish chemical products disclosed
Kazakhstan's revenues from transportation via pipelines down
Kazakh gas supply company to buy pipes via tender
Kazakhstan’s national postal service operator to buy construction materials via tender
Iran’s South Pars Gas Company reveals its production data
Azerbaijani MPs to leave for Russia
Kazakhstan’s Air Astana launching flights to Georgian Batumi
Iran discloses data of iron, non-alloy steel exports
Turkmenistan, Qatar interested in developing trade, economic ties
BP to conduct planned maintenance at Azeri-Chirag-Gunashli
IAI teams with Thales on missiles for British frigates
Azerbaijani currency rates for Apr.14
Foreign investments increase in Iran's industry, mine and trade sector
Indonesian e-commerce firm Bukalapak raises $234 million
Military Trophy Park in Baku to expose Armenia's unprecedented crimes - expert
Freight train derails in Turkey
Gasoline prices to rise amid expected growth in fuel demand
Hydrocarbons to supply half of world’s energy needs by 2050
Belarus expresses readiness to support Azerbaijan in restoration of liberated Karabakh (PHOTO)
Iranian currency rates for April 14
All sanctions against Iran should be lifted unconditionally, Russia says
Turkmenistan losing popularity among Turkish job seekers
India's new coronavirus infections hit record of 184,372
Azerbaijan's Xalq Sigorta insurance company talks 2020 net profits
Oil maintains upward momentum but virus concerns cap gains
Britain to withdraw nearly all its troops from Afghanistan
Turkey's COVID-19 cases hit new peak at 59,000
Tehran to resume flights to London next month: Official
Cargo transportation via railways up in Kazakhstan
France to allow Georgian citizens find legal employment in country by end of 2021
Brazil reports 3,808 single-day deaths from COVID-19
Biden invited to address U.S. Congress on April 28
South Africa suspends J&J vaccine rollout
Azerbaijan to become regional hub for Industry 4.0 development - US IDC
U.S. administers 192.3 million doses of COVID-19 vaccines: CDC
France suspends all flights with Brazil due to virus variant
UK records another 2,472 coronavirus cases, 23 deaths
Boeing reports first quarter deliveries
Biden set to withdraw U.S. troops from Afghanistan by Sept. 11
Number of COVID-2019 cases across globe up by over 567,000 in past day — WHO
Iranian nuclear deal meeting in Vienna rescheduled to April 15
Kazakhstan expects positive dynamics in oil industry
Erdogan reveals stricter COVID-19 measures in Turkey during Ramadan
Iran's annual iron ore concentrate output nears 50mn tons
Deputy Finance Minister: Georgia ranks first in Europe with economic growth rate according to IMF
Southern Gas Corridor increases liquidity in European gas markets
Uzbekistan-India trade grows to record high in 2020
Azerbaijan plans to organize personal account system for auditors
China's 2M2021 import of Azerbaijani products surges in value
Exchange of all data necessary to conduct effective demining is required - OSCE MG
Baku to host international gymnastics competitions again
German gov't approves uniform nationwide COVID-19 response measures
Russia's daily COVID-19 cases record lowest in months
Iran to start 60% enrichment tonight: Nuclear spokesman
Israel to allow vaccinated tourists in starting late May
Biden confirms invitation to Putin to take part in climate summit
Presidents of Azerbaijan, Belarus hold unofficial meeting
IMF unveils forecast on Azerbaijan's oil export for 2021-2022
Azerbaijani FM, Romanian ambassador stress high level of development of bilateral political relations (PHOTO)
Special equipment of Belarus assembled in Azerbaijan may be exported to Turkey
Azerbaijan's Foreign Ministry responds to Armenia's statement on War Trophy Park
President of Belarus pays working visit to Azerbaijan (PHOTO)
Moscow, Tehran attach great importance to North-South Corridor – Russian FM
Azerbaijani president gives weighty answer to Armenia’s disinformation campaign - Official (VIDEO)
Belarus reveals plans for oil purchases from Azerbaijan
All news