"The opening of new transport links in the region further strengthens Azerbaijan's position at the intersection of the East-West and North-South corridors," Deputy Minister of Economy Azer Bayramov said at a joint meeting of the Milli Majlis committees on Legal Policy and State Building; Defense, Security and Combating Corruption; Human Rights; and Regional Affairs, APA reports.
He stated that Azerbaijan is implementing its development priorities based on a long-term strategic vision, having assessed the challenges of the changing global environment in a timely manner.
"Historic achievements, the economic potential developed and modern infrastructure have created a solid foundation for our country to enter a new stage of strategic development with broader opportunities. The draft state budget for 2027, prepared on this basis, will play an important role in achieving the objectives of the new stage.
This is also confirmed by a number of economic indicators: strategic foreign exchange reserves exceed annual gross domestic product and are approximately 20 times higher than external public debt, while Azerbaijan's sovereign credit rating is assessed at investment grade by leading international rating agencies. Our country has also gained a new geoeconomic role. The opening of new transport links in the region further strengthens Azerbaijan's position at the intersection of the East-West and North-South corridors," he said.
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