President Ilham Aliyev: If we had not paid so much attention to non-oil sector, stagnation would be awaiting us

  10 April 2015    Read: 780
President Ilham Aliyev: If we had not paid so much attention to non-oil sector, stagnation would be awaiting us
If we had not paid so much attention to non-oil sector in the past, the results would probably have not been so pleasant. Quite the contrary, some stagnation and recession would be awaiting us. That is what we see today in some place around the world and the region.

President of Azerbaijan Ilham Aliyev made the remarks on April 10 during the meeting of the Cabinet of Ministers dedicated to the results of socio-economic development in the first quarter of 2015 and the tasks ahead.

According to the head of state, Azerbaijan’s economy has been built upon solid foundations and is self-sustaining, not dependent on foreign financial resources.

“On the contrary, as a donor country we offer our financial resources to other countries as well as international financial organizations. And that earns us extra benefit,” President Aliyev noted.

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