Azerbaijan’s economy diversified, dependence on oil reducing – top official

Baku: An event was held to present the book titled “Discover Azerbaijan: Baku-2015” in Baku Nov.13.

Azerbaijani president’s aide for public and political affairs Ali Hasanov also attended the event.

Hasanov said that this collection begins with an interview with Azerbaijani President Ilham Aliyev which covers almost all areas of the modern development of the country.

The book, which covers all areas of Azerbaijan’s modern development including the first European Games, is a genuine chronicle, according to the top official.

Hasanov noted that the materials included in the book thoroughly analyze the importance of the successful realization in the years of independence of the oil strategy which was authored national leader Heydar Aliyev and the implementation of significant transnational energy projects in the regional development and ensuring energy security of the region and Europe.

“The Contract of the Century, signed in 1994, has been of special importance to the independent development of Azerbaijan, and the implementation of transnational projects like the Baku-Tbilisi-Ceyhan oil and Baku-Tbilisi-Erzurum gas pipelines has played a crucial role in the delivery of the country’s energy resources to world market, the development of the republic and the strengthening of international economic and political ties,” he stressed.

The top official went on to add that the book reflects the extensive information about the political course, carried out over the past 12 years under the leadership of President Ilham Aliyev, formation of modern society, and the reconstruction of the social, economic and cultural infrastructure in the country at the level of the world’s leading standards.

The presidential aide noted that over the last ten years, Azerbaijan’s economy tripled, unemployment and poverty level reduced up to 5 percent, the social and economic infrastructure was rebuilt, the welfare of the population increased dramatically.

“9-10 percent annual growth is observed in the non-oil sector. Over the past few years, the share of non-oil sector in GDP exceeded 50 percent, and in the first half of 2015, the figure reached 70 percent. It is indicates that Azerbaijan’s economy is diversified and its dependence on oil is gradually reducing,” he added.

Hasanov said that today Azerbaijan is known as a reputable country pursuing an independent policy on international arena, prominent for its principal stance, and as a country making contributions to settlement of universal problems.

He further said the members of all religions and ethnic groups in Azerbaijan live in peace and prosperity as one family, and they contribute to the country’s successful development.

“Azerbaijan is known throughout the world as an area of national and religious tolerance,” he added.

Azerbaijan has become a central country in the region and has hosted international events covering various areas, according to him.

The book notes that the highest standards of the European Games have been established in Azerbaijan,” the top official completed.


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