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Azerbaijani President Ilham Aliyev: â€œThe way of solution to Nagorno Karabakh conflict has already been determined and the principle of territorial integrity become a priority in the regulation processâ€

18 January 2010 17:30 (UTC +04:00)

â€œDespite this, Azerbaijan as a part of the world economy could get out of the critical situation with minimal losses,â€ he said.
Ilham Aliyev said the serious social and economic reforms paved the way for all-round development of Azerbaijan.
â€œIn 2009 our country protected its economic interests, the peopleâ€™s social position improved. According to the outcomes of 2009, Azerbaijan is the country that developed most rapidly in the world. GDP grew 9.3 percent in Azerbaijan in 2009. This is a historical achievement. Growth in the industrial production was 8.6 percent, agriculture 3.5 percent, the inflation rate was 1.5 percent in 2009. $9.2 billion was invested in Azerbaijan, $7.3 billion of it are domestic investments,â€ he said.

The head of state said large infrastructural projects were implemented within a year, 74,000 jobs created, the level of poverty fell by 11 percent, the countryâ€™s currency resources made up $20.4 billion. Moreover, 64 schools, 59 medical establishments were built, 5 olympic-sport complexes were opened, new roads constructed in Azerbaijan in 2009.
â€œImportant steps were also taken in the foreign policy in 2009. The number of our friends and strategic partners increaseâ€. Touching upon the Nagorno Karabakh conflict, the president said the way of solution to the problem had already been determined and the principle of territorial integrity became a priority in the regulation process.

Minister of Finance Samir Sharifov, Chairman of the Central Bank Board of Governors Elman Rustamov, Minister of Communication and Information Technology Ali Abbasov and Chairman of the State Social Protection Fund Salim Muslumov made reports on socio-economic measures carried out in the country last year. In his final speech, President Aliyev noted that Azerbaijan relies on its resources and there is a strong will to further strengthen the country: â€œWe are proud of these realities. Azerbaijan does not have an economy of transition period, today Azerbaijan has liberal and sustainable economy relying on its resourcesâ€. The head of state underlined that implementation of social programs and infrastructure projects would also be continued in 2010.