The Azerbaijan State News Agency

President Ilham Aliyev chairs Cabinet meeting on results of socio-economic development in first quarter of 2014 and future objectives VIDEO

Baku, April 13 (AZERTAC). On 13 April, President of the Republic of Azerbaijan Ilham Aliyev chaired a meeting of the Cabinet of Ministers dedicated to the results of socioeconomic development in the first quarter of 2014 and objectives for the future.

Addressing the meeting, President Ilham Aliyev said Azerbaijan’s dynamic development was continued and economy grew by 2.5 per cent in the first quarter of 2014. The non-oil sector grew by 10 per cent in 2013 and by a further 8.8 per cent in the first quarter of this year.

The President of Azerbaijan noted that economic diversification was the country’s top priority. The rapid growth observed in the non-oil sector in recent years was evidence of the fact that this goal had been achieved.

The head of state indicated that the solution of social problems was in the spotlight, saying that bank deposits of the population had increased by more than 20 per cent and incomes by 4.5 per cent, while inflation was only at 2 per cent. Noting that the average salary increased by 7 per cent in the first quarter, President Ilham Aliyev said the average salary in Azerbaijan had reached $550.

President Ilham Aliyev went on to say that important steps had been taken to create a modern social infrastructure in Azerbaijan. He said more than 2,000 schools and over 500 hospitals had been built and that this process would be continued.

The head of state said Azerbaijan’s exchange reserves had increased to $53 billion in the last three months. Azerbaijan is currently among global leaders for the volume of exchange reserves per capita. The country’s foreign debt accounts for only 8 per cent of the Gross Domestic Product.

President Ilham Aliyev also stated that further measures had been taken to develop entrepreneurship in the first quarter. A highly important order was signed to improve the business environment. The execution of this order will pave the way for additional measures to improve the business landscape and create favorable conditions for local and foreign investors.

There are excellent opportunities for doing business on a global level in Azerbaijan. Azerbaijan is rated very highly by international financial institutions, while the world’s leading rating agencies maintain Azerbaijan’s credit rating at a high level.

Azerbaijan further reinforced its international standing. Azerbaijan is recognized as a very reliable partner in the international arena. Our foreign policy is open and principled and is based on international law and justice.

Azerbaijan displays a principled stance on every issue. This position is primarily based on the norms and principles of international law. The norms and principles of international law should be the key condition because the present-day international world should be governed by these principles. If these are disrupted, then the entire mechanism of international cooperation and relations is undermined.

Indicating that during his visits to foreign countries and participation in various international events this year he had personally witnessed the importance being attached to Azerbaijan in the world, President Ilham Aliyev pointed to the effective nature of the meetings held in a bilateral format.

The Turkish Prime Minister has visited Azerbaijan. This was the first visit of the Prime Minister after the municipal election. The sides reaffirmed the relations of friendship, brotherhood and strategic cooperation during the visit.

Speaking about his official visit to the Islamic Republic of Iran, President Ilham Aliyev said the visit was a great success. The documents signed, the talks and the exchanges held will elevate our relations to an even higher level. In a spirit of friendship and sincere cooperation during the visit, we clarified a number of issues. We expressed a shared view that Iranian-Azerbaijani relations should continue to be on an upward trend.

Touching upon Azerbaijan’s relations with regional countries, President Ilham Aliyev described the relations with neighboring countries, except for Armenia, as positive, close and friendly. “As independent countries, we are building our bilateral relations on the principles of friendship, cooperation and non-interference in each other’s affairs. I am sure that the development of these relations in the future will benefit all countries.”

The head of state said further that Azerbaijan had initiated two trilateral formats in the region. These are Azerbaijan-Iran-Turkey and Azerbaijan-Georgia-Turkey. President Ilham Aliyev said Azerbaijan was actively involved in both of these formats.

Speaking about the Armenian-Azerbaijani conflict over Nagorno-Karabakh, the head of state said there was no progress in this direction. The optimistic views expressed by mediators at the end of last year are not coming true. Armenia is simply biding time. It wants neither war nor peace, and unfortunately international mediators are not putting serious pressure on it.

The President of Azerbaijan said that international sanctions should have been introduced against Armenia long ago because Armenia has been occupying Azerbaijan’s internationally recognized territory for 20 years now. An act of genocide, the Khojaly genocide has been perpetrated against civilian population. A policy of ethnic cleansing has been unleashed against our people.

Four UN Security Council resolutions are flouted. No heed is being paid to the resolutions of other international organizations - the Council of Europe, the European Parliament, the OSCE, the Organization of Islamic Cooperation, etc. They are ignored. There have never been so many injustices and violations of law in any other similar situation. A legitimate question may be asked: why? How much longer are we going to be faced with double standards?

Why aren’t the leaders of the fictitious “Nagorno-Karabakh republic” subjected to sanctions? Why aren’t sanctions applied to them? This is an injustice, these are double standards!

We are speaking up against double standards in international relations. We urge the western countries cooperating with us not to allow the leaders of the self-styled “Nagorno-Karabakh republic” into their territories. They should be subjected to sanctions.

They go there, conduct illegal TV marathons and raise money. And then this money is used against Azerbaijan. Their so-called leaders are received in leading countries of the West. They get visas, establish so-called representative offices, travel back and forth, etc. Why?

The time has come for talking openly. Azerbaijan is tired of double standards. Such injustice is intolerable.

Why hasn’t the aggressor been condemned to this day?! Why doesn’t the Parliamentary Assembly of the Council of Europe discuss the issue of suspending the credentials of the Armenian delegation?! Azerbaijan has raised this issue a number of times.

They tell us to come to an agreement, to negotiate and to resolve it in peace. We have been a victim of ethnic cleansing and an act of genocide. After the Azerbaijanis were driven out of Nagorno-Karabakh, a so-called referendum was held there. It is considered acceptable. This is intolerable.

A hypocrite attitude and double standards against Azerbaijan are continuing. We will never put up with that.

President Ilham Aliyev also issued instructions related to continuing the implementation of social infrastructure projects, channeling foreign investment in priority sectors of the national economy, increasing support for entrepreneurship development and ensuring food security.

The head of state said that work in the oil and gas sector was carried out at a high level and the implementation of the TANAP project was launched at the end of last year. The President added that the bidding process had already been started and expressed his hope that construction would commence in the near future.

Noting that preparations for the inaugural European Olympic Games would enter into the crucial stage in 2014, President Ilham Aliyev said the entire work was progressing on schedule. The President of the European Olympic Committee and the Coordinating Committee for the Games have spoken quite highly about the progress of preparations for the Games. “We will conduct the Games at an exemplary level for future Olympic Games. Azerbaijan will reassert itself in the world as a modern, dynamic and powerful state.”

Share news on social media

Follow us on social network

VIDEO

President Ilham Aliyev chairs Cabinet meeting on results of socio-economic development in first quarter of 2014 and future objectives VIDEO

River Plate signs Thiago Almada from Atletico Madrid

Marco Rubio: United States remains fully committed to working with Armenia and Azerbaijan

President Ilham Aliyev sends a letter to U.S. President on the anniversary of the Washington Summit

To the President of the United States of America His Excellency Mr. Donald J. Trump

Steve Witkoff: The future of South Caucasus countries is bright

Top stories update

Release from the Press Service of the President

Historic Washington Summit: A chronological timeline

Spain to establish border controls on travellers from Italy amid migration dispute

Russia, Pakistan work to launch first rail cargo route — ambassador

Azerbaijan military attachés and representatives convene for annual meeting

Washington Agreements: Peace and strategic partnership change the rules of the game – ANALYSIS

What has the historic Washington meeting changed?

American expert: Azerbaijan is really becoming to play a much larger role across the broader region

Another shipment from Russia dispatched to Armenia via Azerbaijan

President Saratoga Foundation: The trajectory of relations between the U.S. and Azerbaijan over the past year has been remarkable

Release of the Press Service of the President

Space Academy of Azercosmos receives IAF Excellence in “3G+” Diversity Award 2026

Thawing Siberia could undercut 20 percent of methane targets by 2050, study warns

Washington Summit that established historical justice and peace in the South Caucasus

Türkiye says Greece's tourism framework carries no legal consequences for Ankara

Japan orders evacuations as Typhoon Dolphin approaches, cancels 500 flights

Iranian Minister of Sports and Youth visits Baku Aquatic Palace

Turkish president says Mecca Joint Defense Agreement targets no country, open to other friendly nations

“Khojaly Encyclopedia” presented - shedding light on history

Top stories update

Spanish police dismantle major Mediterranean migrant and drugs smuggling network

FAO Food Price Index edges higher in July on stronger crop prices

Bulgaria records EU’s largest increase in government R&D budget allocations per capita since 2015

® Birbank Biznes offers up to 5% discount on micro business loans

® Fitch has once again upgraded ABB Bank’s ratings!

Artificial Intelligence used to design brand new viruses

Low Danube water levels in Bulgaria expose Roman-era bridge

Azerbaijan, Iran approve Action Plan in youth and sports

Azerbaijan’s Milli Majlis, Inter-Parliamentary Speakers’ Conference explore cooperation

Admission plan for BEU-INHA DDP filled 100 percent

Beijing deploys 72 robot ‘employees’ across city parks amid high temperatures

® PASHA Holding successfully continues "Fərqindəlik" ("Awareness") project launched in 2025

China adds nearly 20 tons of gold to reserves in July

Azerbaijan Army servicemen participate in Proficiency Level Assessment Examinations

Europe's gas storage falls to lowest August level since 2011

Man Utd confirm Altay Bayindir exit as Celta Vigo loan deal includes permanent transfer clause

Azerbaijan sets up Organizing Committee for International Investment Forum to take place in Baku – ORDER

® Azercell launches an annual subscription for ZengimCELL service

Baku to host international badminton tournament

Meta fined $567m in largest child safety ruling against social media giant

Azerbaijani Economy minister highlights SOCAR Carbamide as important example of successful digital transformation

Azerbaijan’s State Oil Fund invests alongside I Squared Capital in Inkia, Peru's largest independent power producer

John van 't Schip to take helm of Kazakhstan’s national football team

European wildfires cause up to $22B in total damage

Türkiye, Saudi Arabia, Pakistan to sign trilateral defense agreement

Bad news for rice lovers: Climate change is cutting rice harvests

Top stories update

Azeri Light sells for $93.37

At least 7 dead in Thai school shooting

Oil prices rise on global markets

Protesters march in Buenos Aires against Argentina's private property bill

Azerbaijani FM meets with Ukrainian President

Vinicius Jr and Real Madrid agree new six-year deal

Jeyhun Bayramov informed Ukrainian President on post-conflict realities in the South Caucasus

Top stories update

Munich car-ramming attacker sentenced to life in prison

UK clears Paramount’s stalled $110B Warner Bros. Discovery takeover

Real Madrid sign Diomande from RB Leipzig

Number of Azerbaijani nationals working for bp disclosed

Azerbaijan, US explore global economy trends

Lebanon, Israel begin final day of 7th round of negotiations in Rome

Azerbaijan, FIDE explore enhancing cooperation

Trabzonspor sign Salah on blockbuster 2-year deal

Butterflies are rapidly changing where they live as climate changes

bp spent about $0.9 million on various social and sponsorship projects in Azerbaijan in first half of 2026

BEU graduate awarded prestigious Chevening scholarship

Processing of data acquired during survey for Garabagh field currently underway

24 wells drilled for Shahdeniz 2 project to date, bp says

Trump tells donors, ‘We need to elect JD,’ in 2028 presidential election: Report

Shah Deniz field produces around 14 billion standard cubic meters of gas and 2 million tons of condensate in first half of 2026

AFFA official appointed UEFA delegate for Europa League qualifier

During first half, SCP`s daily average export throughput was 63.7 million cubic metres of gas per day

Turkish media representatives visit Aghdam Industrial Park

® Order your Birbank Star card today and enjoy commission-free cash withdrawals                    

bp: Further evaluation of the Shafag-Asiman block is required

BTC pipeline transported more than in 4.7 billion barrels of oil to world markets since its commissioning

Azerbaijan's digital governance model receives two international awards in UK

Sangachal terminal exported around 97 million barrels of oil and condensate in six months

Construction activities for Shafag project expected to continue through mid-2027.

Three Tottenham exits close as Atletico Madrid into pole position to sign Romero after hijack

Azerbaijan received 2 billion cubic meters of associated gas from ACG in first half of year

Most-detailed-ever image of sun reveals roiling waves for first time

ACG completed drilling of seven oil producer and two gas injector wells in first six months

Installation of Trans-Caspian fiber-optic cable on seabed of Caspian Sea completed

FM Bayramov: We also would be happy to provide gas also to friendly Ukraine, in case of necessity

Hormuz disruption pushes LNG shipping costs to highest levels since 2022: Report

First 2026 issue of English-language IRS-Heritage magazine published

Microbiome-based therapy may increase peanut allergy tolerance in adults

Azeri-Chirag-Gunashli produced 59 million barrels during first half of 2026

Pakistan prioritizes stronger relations with Russia, Armenia, Azerbaijan — envoy

Azerbaijani Foreign Minister visits Ukrainian city of Irpin

Ukrainian FM: We are deeply saddened by the death of Azerbaijani citizens in the Black Sea

Andrii Sybiha: From an energy security perspective, Azerbaijan holds strategic importance for the entire European continent

Verdict announced in appellate court on appeals of Armenian citizens