The Azerbaijan State News Agency

OFFICIAL NEWS

President Ilham Aliyev received Shahin Mustafayev in connection with his appointment to new post VIDEO

President Ilham Aliyev received Shahin Mustafayev in connection with his appointment to new post VIDEO

Baku, October 22, AZERTAC

President of the Republic of Azerbaijan Ilham Aliyev has received Shahin Mustafayev in connection with his appointment to the post of Deputy Prime Minister.

President Ilham Aliyev said:

- You have been working as Minister of Economy for many years. In general, I am pleased with your work. Therefore, I have decided to appoint you to the position of Deputy Prime Minister. This is a very high post and sign of great trust. I do hope that you live up to this trust and contribute to the sustainability of our country's economic development in your new role.

Over the past 15 years, Azerbaijan’s economy has more than tripled. But we should also know that this growth has been more due to an increase in oil production. Of course, we have made great strides in channeling oil revenues into the non-oil sector, and in terms of economic diversification Azerbaijan is in one of the leading places on a global scale among countries rich in natural resources. It is no coincidence that the leading international financial institution, the World Bank, acknowledges the improvement of the business environment in Azerbaijan. We are in 25th place in the world in terms of the business environment and among top 20 most reforming countries. At the same time, the Davos World Economic Forum, in its annual report, has awarded Azerbaijan leading places in many respects. All this is the result of ongoing reforms.

However, I believe that we should not be complacent with the successes achieved. There are still many problems in the economy, including the need to take additional steps to improve the business environment. In particular, a lot remains to be done in the field of attracting foreign investment to the non-oil sector of the country's economy. True, more than 270 billion dollars have been invested in the country's economy. Half of this is foreign. However, the vast majority of this investment was made in the oil and gas sector. Our goal is to convince foreign investors to invest more in the country's non-oil sector. At the same time, it is necessary to create a wonderful business climate for local companies to eagerly invest in the country's economy.

We also know that one of the main reasons for the growth in economic development at present is associated with public investment. We are investing, as we should, in infrastructure projects, the service sector and other areas. However, from now on, the successful sustainable economic development of our country should be ensured by the private sector. I set this task at a meeting dedicated to the socioeconomic development results in the first nine months. Our main goal is to develop the non-oil sector and increase employment. There is a simple reason for that. since gaining independence, the population of Azerbaijan has increased by almost 3 million people. This is an advantage, a great asset for us. At the same time, it is a great burden on the country's economy, including infrastructure and social infrastructure. It is necessary to build new schools and kindergartens, pave new roads. To build roads, it is necessary to relocate citizens living in buildings that were illegally constructed at the time. The state provides them with compensation. They should be satisfied with that. In other words, we face many costs.

There is no demographic growth in other countries of the South Caucasus. This why these countries do not experience the problems we face. I have repeatedly said that our economic growth must be ahead of demographic growth. To achieve this, we need to identify new sources of growth. One of them is the fight against the shadow economy. Unfortunately, the shadow economy still covers a part of our economy. True, this problem exists in all post-Soviet countries and they are trying to fight it. In Azerbaijan, the fight against the shadow economy is carried out in a more organized manner. I believe that the business taken out of the shadow will, of course, rectify our economic indicators. In other words, indicators will reflect reality. At the same time, businesses should know that the country has unified laws, unified rules. A serious struggle must be waged against monopolistic trends. Sometimes government officials providing assistance to various business circles engage in unfair competition. The fight against monopolism in Azerbaijan should be organized. If we achieve this, then, of course, the best conditions will be created for the business community.

Therefore, it is necessary to ensure economic growth at the expense of the non-oil sector and increase employment.

Tens of thousands of jobs are created every year. This is exactly why unemployment in Azerbaijan is low. But despite this, it may increase. Why? The population is growing, and if economic development does not keep up with the growth rate of the population, then, of course, we may face major problems in the future. We are building our policy on the basis of strategic goals. Our policy is long-term and its main goal is to ensure sustainable development.

Today, the private sector accounts for 85 percent of the country's economy. Our non-oil sector is growing as well – it increased by 3.5 percent in 9 months, agriculture by more than 7 percent, non-oil industry by 15 percent. However, we know that the resources are quite large. Although the share of the private sector in the economy is quite high, we know that our non-oil exports are still at a very low level. Absolute numbers are growing, but the percentage isn’t. The reason for this, of course, is that as a result of the successful energy policy pursued in recent years, we produce more natural gas, so the share of energy resources in the gross domestic product is growing and will continue to grow, exploration and drilling operations are carried out under new contracts. In accordance with this, the non-oil sector and non-oil exports should also grow. So far, the bulk of our exports is provided by oil, gas and oil products. I believe that you, as Deputy Prime Minister, will pay serious attention to this work and ensure coordination between relevant structures.

As the Minister of Economy, you took an active part in the preparation and implementation of the state program on the socioeconomic development of the regions and played an important role in developing this program. I believe that this sphere should always be in your spotlight. You are also a co-chair in a number of bilateral intergovernmental commissions on behalf of Azerbaijan. You should continue your activities in this area. On my instructions, you visited many countries to organize various events to promote Azerbaijani exports. Great help is being provided to business circles, efforts are being made to supply Azerbaijan’s export-oriented goods to foreign markets and organize their sale there. This area should also be given constant attention. I have already spoken about the focus of public investment. It should contribute to non-oil sector growth. It is necessary to create employment opportunities and provide the growing population with jobs.

I hope that you justify my confidence in you. In other words, your experience makes it possible to say this. You are well aware of various sectors of the Azerbaijani economy. I look forward to your hard work and serious results.

Shahin Mustafayev: Dear Mr. President, first of all, I want to thank you for the recognition of my work. Such a high assessment of my activities as a civil servant by the head of state is the highest honor for me. At the same time, dear Mr. President, I want to thank you for the high confidence in me. I want to assure you that I will do my best to live up to this confidence.

Azerbaijan has indeed covered an impressive development path. Everyone, every citizen of Azerbaijan knows and sees this in everyday life. There is an incomparable picture – 2003 and 2019. These are completely different pictures. As you noted, the country's economy has grown 3.3 times. You noted that since the oil sector is the country's main financial source, this sector has developed at a faster pace. The non-oil sector grew at a slower pace – 2.8 times.

At the beginning of your activity as head of state, you set before the government the task of diversifying the economy and developing the non-oil sector. Along with a multiple increase in the country's potential, large-scale work has also been done in this area. You have also mentioned the state program on the socioeconomic development of the regions. It was one of your first programs in the socioeconomic sphere. I have to say that as a result of the program, the appearance of the country's regions has changed in the true sense of the word, the standard of living of our people has increased many times. The poverty level in Azerbaijan has dropped almost 10 times and today is at about 5 percent now. The same holds true for unemployment. The unemployment rate has dropped. Other indicators, infrastructure projects implemented in the country, roads – about 15,000 kilometers of roads have been built. The country has become a transport hub in the true sense of the word. The work done in the transport sector – the Baku International Trade Seaport, reconstruction and repair of railways, the Baku-Tbilisi-Kars railway. These gigantic projects have expanded the country's transit capacity. I want to recall one of the indicators for the first nine months of this year – the volume of non-oil transit traffic has increased by 43 percent. Entrepreneurship has covered a serious development path. Today, a middle class, a strong class of entrepreneurs has formed in Azerbaijan.

Mr. President, at the economic meeting held on 15 October, you set very clear objectives for us. I am sure that the upcoming work under your leadership to carry out your instructions will surely produce even better results. I want to assure you that I will do my best in the field entrusted to me to achieve these results.

Mr. President, let me once again express my gratitude to you – thank you very much!

President Ilham Aliyev: I wish you every success and expect good results.

Shahin Mustafayev: Thank you very much!

Share news on social media

Follow us on social network

VIDEO

President Ilham Aliyev received Shahin Mustafayev in connection with his appointment to new post VIDEO

Bayer Leverkusen win first-ever German Bundesliga title

Azerbaijani boxer claims European crown

Azerbaijan Defense Minister meets with the King of the Hashemite Kingdom of Jordan

Foreign Minister of Azerbaijan embarks on working visit to Uzbekistan

Azerbaijan women’s 3x3 national basketball team qualifies for Paris 2024 Summer Olympics

Azerbaijani Minister of Defense pays official visit to Jordan

Azerbaijan Army holds seminars on gender equality

Meloni: "The birth rate is a priority of the government, the rented uterus becomes a universal crime"

Biden reaffirms Israel support after Iran attack

UK climate change minister Graham Stuart resigns

Türkiye's famous film studio where historical series are filmed, opens its doors

Azerbaijani FM meets with candidate for UNESCO director general post

Georgian Parliament Speaker, Kazakh President discuss cooperation

Spanish midfielder Luis Alberto: ‘I have asked to leave Lazio’

Death toll from Italian hydroelectric plant explosion rises to 7 as the last bodies are recovered

Swiss university develops hopping robot to explore asteroids

Formula 1 Azerbaijan Grand Prix 2025 date announced

At least 13 people are killed and an estimated 15,000 displaced by flooding in Kenya

China's foreign trade up 5 pct in Q1, hits new records

UN hosts joint briefing on 6th World Forum on Intercultural Dialogue

Azerbaijani servicemen's combat and moral-psychological training is at high level, Defense Ministry

98 stranded midair rescued after cable car accident in southern Türkiye

Azerbaijani oil price exceeds 94 dollars

EU is Azerbaijan’s biggest supporter when it comes to de-mining, says EU committee chair

Oil prices go up in global markets

Azerbaijani gymnast clinches gold in Kyrgyzstan

EU committee chairperson: Time has come for concrete steps to ensure peace and stability in the region

Azerbaijan Army positions once again subjected to fire, Defense Ministry

Slovenian edition: There is a historic opportunity for the establishment of lasting peace

Representative of the President of the Republic of Azerbaijan on special assignments pays working visit to Slovenia

Azerbaijani Foreign Minister briefs his Tajik counterpart on the preparations for COP29

Azerbaijan Army positions subjected to fire

Ganja declared CIS sports capital in 2025

Foreign Ministry: Armenia continues to harm biodiversity and living nature of Azerbaijan

First formal proceedings in Azerbaijan’s claim within inter-state arbitration held in Hague

Russia sends its military instructors to Niger — national TV

Azerbaijani and Belarusian FMs discuss bilateral relations

Atalanta stun Liverpool 3-0 at Anfield

Sergey Markov: US and EU seek to destabilize the situation in the South Caucasus

Ukrainian parliament passes bill tightening rules of mobilization

Aston Villa beat Lille in their Europa Conference League quarter-final first leg match

Aida Mahmudova's personal exhibition "A Dream Unfolds" at Vision Art Platform

Fenerbahce suffer 3-2 loss to Olympiacos in Conference League

Yen falls to 153 level against dollar for first time in nearly 34 years

Western Azerbaijan Community appeals to US government regarding Ambassador Kristina Kvien's statement

Azerbaijani servicemen’s leisure time is organized at a high level, Defense Ministry

We support position of brotherly, friendly, allied countries, especially Northern Cyprus and Azerbaijan, says Turkish defense minister

Britain announces Indo-Pacific military exercises with US, Japan

Meta introduces new artificial intelligence training chip

Georgian PM to meet Chancellor, other officials in Germany visit

Azerbaijani rhythmic gymnasts to compete in international tournament

Europa League: AC Milan to face Roma in quarter-finals

Over 3,600 courtyards, 2,000 households flooded in Russia’s Orenburg

Azerbaijan Land Forces hold paramilitary cross championship

Azerbaijan Army holds series of events on Ramadan holiday

Development of regions as crucial component of continuous socio-economic development strategy  – Video report from Hajigabul

Azerbaijani FM heads to Belarus for working visit

Azerbaijani oil price declines in global markets

Pakistan truck accident kills 13, injures 30

Barcelona beat Paris Saint-Germain on road in 5-goal thriller

President's visits to the regions – dynamic development and balanced approach

Gabala district as an example of rapid development of regions - VIDEO REPORT

Unique Ecological Park, huge Sport Palace and new football stadium – report from Ganja

State Border Service: Border patrol agent wounded as a result of gunfire opened from the Armenian Armed Forces

David Cameron says UK won't suspend arms exports to Israel

China, Japan and South Korea looking to hold summit in May, reports say

Biden administration preparing to prevent Americans from using Russian-made software over national security concern

Vice-President Mehriban Aliyeva shared Instagram post on Eid al-Fitr

President Ilham Aliyev shared post on Eid al-Fitr

Hong Kong seizes over $10 million worth of gold disguised as machine parts in record smuggling büst

Azerbaijan and Italian foreign ministries hold another round of political consultations

Admission of new conscripts in military units continues

Azerbaijan, Tajikistan discuss cooperation in environmental protection

Release of the Press Service of the President

Team of Baku Higher Oil School ranks second in business competition

Hundreds evacuated from holiday park as flooding and rain batters south west coast of UK

Graduation ceremony in Icherisheher honors Mak'TAB alumni

® The winners announced: Azerbaijan Business Case Competition held in partnership with Kapital Bank

A painstakingly reconstructed ancient Roman helmet goes on display

British Foreign Secretary David Cameron meets with Trump ahead of DC visit

Baku State University, Turkish Istanbul University discuss expansion of cooperation

Azerbaijani strongman clinches world silver in Dubai

Chairman of Parliament: Kyrgyzstan attaches significance to fraternal relations with Azerbaijan based on ancient historical bonds

New building of secondary school in Bum settlement of Gabala was inaugurated VIDEO

Azerbaijan Army positions in Nakhchivan direction subjected to fire, Defense Ministry

President Ilham Aliyev attended opening of Boyuk Pirali-Kichik Pirali-Khirkhatala-Jighatelli-Hamzali highway VIDEO

Gabala District Central Hospital was inaugurated VIDEO

“Hajialili" power substation and Regional Training Center were inaugurated in Gabala VIDEO

Azerbaijan, Kazakhstan mull COP29 preparations

Sadyr Japarov: Relations between Kyrgyzstan and Azerbaijan further strengthened in recent years

Azerbaijan, Uzbekistan to hold computer-assisted command-staff exercise

Climate change: 'Uncharted territory' fears after record hot March

President Ilham Aliyev visited statue of National Leader Heydar Aliyev in Gabala city VIDEO

Baku to host 2025 European Mixed Team Badminton Championships

Azerbaijani female footballers to face Switzerland in European qualifier

European ports turned into ‘car parks’ as vehicle imports pile up

Release of the Press Service of the President

At least 14 killed in road accidents in NW Kenya

Azerbaijan’s Nijat Abasov to take on Indian Dommaraju Gukesh in Candidates 2024 R5

Over 85,000 people rescued from flood-hit areas in Kazakhstan