Ilham Aliyev: We need to ensure healthy competition in the country
Azerbaijani President stressed that Azerbaijan’s economy is fully developed. “We have made positive achievements in diversifying the economy. We have to do so in the coming years, these positive trends are even more effort to make our country growing number of modern industrial complexesâ€, - he said.
President Aliyev said that implemented specific programs to develop non-oil sector. “A second phase of the State program of social and economic development of regions. A second state program to be completed by 2013. As a result, the program will be resolved major social and economic issues facing the country. In recent years, established about one million new jobs. Along with this, increased local production, reduced dependence on imports and reduced povertyâ€, - President said.
The Head of State noted that has excellent features for agricultural development. “First of all, government policy is in the right direction, support to entrepreneurship development. Annually by the National Fund for Entrepreneurship provides major funds. This year, entrepreneurs will be provided with funds of 125 million manat†– President Aliyev emphasized.
He stressed that both local entrepreneurs and foreign investors are showing interest in Azerbaijan and this is the result of the fact that our country is very correct investment policy. "In general, the volume of investments in Azerbaijan is approaching 100 billion dollars. We can say that just over fifty percent of these investments are domestic investments", - Ilham Aliyev said.
The President noted that Azerbaijan has implemented investment projects. State Investment Company performs very important functions in this area. State Investment Company more financially supports the creation of large infrastructure and industrial facilities. According to the National Fund for Entrepreneurship longer supports the creation of agricultural and processing enterprises and regional significance.
“Implemented infrastructure projects. Now in our country is a large-scale gasification process. Successfully attending rural roads. In subsequent years, more attention should be given to drinking water, sanitation, irrigation, land reclamation. Experience of the past eight years indicates that, in any direction there are excellent results. Established jobs, reduced poverty, created industries, infrastructure projects are implemented. We attracted a very large investment in the electricity sector, and today not only provide ourselves, but even create an export potential", - the Head of State said.
President Ilham Aliyev said that entrepreneurs will continue to be provided state political, economic, and financial support. “In Azerbaijan, the financial problems have already found their solution. Only last year were invested in $ 15 billion†– he said.
According to him, the State will take all measures for the development of the country
However, with increasing competition, of course, related questions will be seen more clearly. "We have to ensure healthy competition in Azerbaijan. It depends on both the business and maybe even more on government agencies. Because sometimes unhealthy competition, the monopoly created by our business becomes very big obstacle. Monopoly shows itself in the import and local production†– President Aliyev said.
The President stressed that combating against bribery and corruption in Azerbaijan gives positive results. It shows itself in the social sphere, activity of state structures is becoming more transparent, increasing public scrutiny. At the same time in the business sector should also be put an end to bribery, unreasonable demands. "Entrepreneurs, for their part, have to fight against the unreasonable demands, to resist when faced with any negative phenomena, notify the appropriate government agencies about any negative phenomena", - Azerbaijani President Ilham Aliyev said.
Domestic
Azerbaijani parliament announces date and agenda of next session
Ramiz Mehdiyev expelled from New Azerbaijan Party, deprivation of his awards proposed - UPDATED-4
Speaker: Ilham Aliyev’s election as President in 2003 holds special place in country’s history
Azerbaijani Parliament sends congratulatory letter to President and First Vice-President on Independence Restoration Day
NEWS FEED
Media: Governor of National Bank of Ukraine resigns
Zelenskyy calls on 9.5 million Ukrainians to return to their country
Military aircraft crashes in Russia's Kaliningrad region, pilots eject
Meeting between Putin and Witkoff concludes in St. Petersburg - UPDATED
Zelenskyy says Ukraine ready to freeze conflict along current front line, move to diplomacy
Opportunities for Croatian companies to participate in projects in Azerbaijan discussed
Natural gas spot prices in Europe rose by more than 130% last month
Araghchi: State of war continues, peace has not been achieved
GECF: Natural gas consumption declines in Europe, rises in US last month
AzerGold establishes its first foreign subsidiary, AzerGold Uzbekistan
Georgia declares it will not recognize self-proclaimed "republics" of Abkhazia and South Ossetia
Putin's meeting with Witkoff continues for over two hours
Trump says Russia released American prisoner without demanding anything in return
Leyla Aliyeva meets with First Lady of Zimbabwe in Samarkand
Georgian PM: We hope for progress in border delimitation process with Azerbaijan
Leyla Aliyeva attends opening of World Summit on Investing in Children’s Well-being in Samarkand
Azerbaijan and Indonesia hold political consultations
Georgia appoints new special representative for relations with Russia
Influenza vaccines imported to Azerbaijan, vaccination begins today
North Macedonia's President makes phone call to President Ilham Aliyev
Feasibility study for Caspian–Black Sea–Europe Green Energy Corridor project to be presented tomorrow
Mirzoyan: TRIPP railway will carry passengers
Witkoff: There is a basis for achieving ceasefire in Ukraine
Foreign Ministry includes 31 Turkish citizens on list of "undesirable persons": Ömer Faruk Gergerlioğlu, Fatih Erbakan...
New container ships expected to enter service along Middle Corridor
Putin grants Trump's request, American who fought for Ukraine released
First tanker carrying diesel fuel from Russia to US to depart tomorrow
Chamber of Commerce: German companies interested in becoming part of Middle Corridor ecosystem
Dutch Foreign Minister's visit to Azerbaijan discussed with Presidential aide
EIB supported safety assessment of Baku–Boyuk Kasik railway - EIB Official
Montenegro to introduce visa requirements for Russian citizens from November 1
TRACECA Secretary General: Coordination and information exchange along Middle Corridor should be strengthened
Iranian Interior Minister expresses satisfaction with talks held in Azerbaijan
Deputy Minister: More than 300 events to be held as part of 12th Baku International Book Fair
Al-Akhbar: US issues final warning to Iran over strikes on nuclear facilities
European Investment Bank explores investment opportunities in Nakhchivan railway project
EBRD plans to expand investments in maritime transport in Azerbaijan - EBRD Official
EBRD: Middle Corridor should transform from transport route into economic corridor
EBRD outlines three main priorities for development of Middle Corridor
Report: North Korea sends 12,000 workers to Russia for Shahed drone production
Saudi Ambassador: Kingdom allocates 121 scholarships annually for Azerbaijani students
Armenian FM says gas and oil pipelines under TRIPP may follow different routes
EU will not lift sanctions against Russia until war in Ukraine ends
2 dead, 15 injured as bus falls into gorge in Indian-controlled Kashmir
Opening ceremony of 12th Baku International Book Fair held - PHOTO
Australia to sue five social media platforms for violating under-16 ban
Rubio says Putin could attend G20 summit in Miami
Rubio: Ukraine would not exist right now were it not for aid from U.S. and bravery of Ukrainian soldiers
Benefits of Azerbaijan joining Common Transit Convention revealed
“Falcons Meet – 2026” exercise ends - VIDEO