According to him, Azerbaijan’s current economic model has been successful over the past decade.
“Azerbaijan has turned into an entirely new country, a modern infrastructure has been created in the country,” he said, adding. “However, against the backdrop of the new economic environment, this model has begun to lose its importance. For this reason, we began to look for a new economic model.”
The SOFAZ director stressed the importance of the Strategic Road Map recently signed by Azerbaijan’s president for the development of the country’s economy.
Azerbaijan seeks new economic model
17 December 2016
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Azerbaijan is seeking a new economic model, Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan (SOFAZ), told reporters on Saturday.
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