The president made the remarks at the opening of the 23rd International Caspian Oil & Gas Exhibition in Baku June 1.
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Azerbaijan is successfully passing through this test, he said, noting that 2016 should be a year of stabilization.
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“I believe there will be growth next year. There has been economic growth every year, now a new period has begun. We will overcome any test,†President Aliyev said.
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He recalled that this year Azerbaijan marks the 25th anniversary of independence. “Over the years past, our country proved that it can live independently and yet prosperously,†the head of state said.
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The president said one of the main objectives is successive implementation of social projects.
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"Pensions have been increased by 10 percent. All social projects are being carried out,†Ilham Aliyev said. “The decline in oil prices was a challenge. But foreign investors trust us as we have a good reputation.â€
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The head of state stressed that the heads of the world’s leading countries are interested in this exhibition.
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"The exhibition’s importance was proven by the fact that the US president and the UK prime minister extended their congratulations,†he added.Â
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