Bank Of Baku

Cabinet of Ministers meeting presided by the President of Azerbaijan devoted to the results of first half of 2009

Cabinet of Ministers meeting presided by the President of Azerbaijan devoted to the results of first half of 2009
# 22 July 2009 14:10 (UTC +04:00)
President of Azerbaijan Ilham Aliyev presided over the meeting. According to APA, in his opening speech, President Aliyev reminded about the serious economic problems in the most countries caused by the global financial crisis and said the crisis’ impact on Azerbaijan was minimized as a result of measures, including the reforms carried out in the country in recent years.

GDP rose 3.6% in the first half of the year and non-oil sector growth was 4.1%. “It shows that the future of the country less depends on the oil factor. The solution of the social issues was successfully developed in the first half of the year and existent program were carried out in this field. The inflation was reduced to 3.7% in the past six months. Cash profit of the population was raised 19% and average monthly salary – 15% in this period”.

The head of state said 35 000 new job places, including 25 000 permanent jobs, were created in Azerbaijan in the first half of the year. The second phase of the State Program for Socio-Economic Development of the Regions started to be carried out in this period. The government increased resources allocated for the development of the ownership. Azerbaijan fulfilled energy security duties and increased oil-gas production. “Azerbaijan is exporting the natural gas to the neighbor countries. The power stations in Sumgayit and Guba to be put on operation this year will strengthen Azerbaijan’s capacity for the export of electricity”.

The President said the programs were carried out in the transport sector in the past six months as well, which contributed to the renovation of the transport infrastructure in Azerbaijan. The head of state said the army-building was also in the focus of attention. “The large-scale military exercises are signs of that”.

The President said the negotiations over the Armenia-Azerbaijan Nagorno Karabakh conflict were developed and Azerbaijan took univocal position on this issue, which based on the international law.

The head of state said Azerbaijan had high development prospects. “We are doing our work according to the plans and any issue could be solved in this case”.

Minister of Finance Samir Sharifov, Minister of Agriculture Ismet Abbasov, Minister of Environment and Natural Resources Huseyngulu Bagirov and Chairman of the State Customs Committee Aydin Aliyev informed about the socio-economic results of the first half of the year.

President Aliyev delivered a final speech at the meeting.
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