Economic situation in Azerbaijan is very stable

  13 March 2013    Read: 649
  Economic situation in Azerbaijan is very stable
Oil almost makes up 100% of trade turnover between Azerbaijan and Croatia.
This is very good, but we want to see new areas in our economic cooperation, President Ilham Aliyev has told Croatian businessmen in Zagreb.

The head of state noted that Azerbaijan is an attractive country in terms of direct foreign investment opportunities.

"In the last 15 years, over USD 130bn investments were made in Azerbaijan and the investment environment is very fine. Many projects are carried out in Azerbaijan. We would be happy to cooperate with companies from Croatia in construction, infrastructure and transportation projects.

In general, economic situation in Azerbaijan is very stable, economic growth is rapid and investment milieu is very fine."

The president noted that last year, USD 8bn worth foreign and circa USD 15bn local investments were injected in the country`s economy.

"The investments are projected and now, as you know, investments in Azerbaijan are diversified."

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