The Azerbaijan State News Agency

POLITICS

Foreign Policy News: Azerbaijan maintains impressive economic growth and public works

Foreign Policy News: Azerbaijan maintains impressive economic growth and public works Baku, October 12 (AZERTAC). U.S.-based Foreign Policy News has published an article headlined “Azerbaijan maintains impressive economic growth and public works”.

Written by Peter Tase, a contributor, freelance journalist and a research scholar of International Affairs, Paraguayan Studies, Middle East Studies and Latin American Affairs, the article says: “At the beginning of 2014, the Government of the Republic of Azerbaijan has embraced a series of projects in the areas of infrastructure development and public works as well as introduced a number of socio-economic reforms which are considered to be of high priority in order to ensure stable economic growth and better living standards for its citizens. The nation’s financial stability, growing international reputation and respect for the rule of law have been essential towards the completion of many infrastructure projects in Azerbaijan and is working tirelessly to ensure the completion of the natural gas supply lines nationwide.

The positive image of Azerbaijan in the World has made Baku one of the most attractive destinations for large multi-national corporations and real estate investors. As many foreign visitors have experienced in their recent visits, the quality of infrastructure projects in Azerbaijan is first rate, additionally the urban planning policies and governmental rules are considered to be among the best in the world. At the same time the relevant agencies in the Government of Azerbaijan have paid a great attention to quality control and have always maintained the completion of public works on schedule.

The Rural Roads National Fund is allocated appropriately and continues to grow its budget every year, therefore a large part of Azerbaijan’s rural population have access to good roads. However many roads require further maintenance and expansion. The construction of rural roads occupies a special place in the third Regional Development Program of Azerbaijan; additionally the President has allocated additional funds from his Contingency Fund in order to benefit this vital sector. In the next three years, the government of Azerbaijan will inaugurate a nationwide paved road system that will be very reliable to all its citizens and set a positive example in the region. Additionally, Baku has invested large resources on other infrastructure projects consisting of electrical grid systems and gas pipelines nationwide.

Fresh water lines and sanitation projects are currently being implemented throughout the country. The national budget has allocated significant resources in order to finance major investment projects that are already under way in major urban areas. In Azerbaijan there were many communities that have experienced difficulties for many years to have access to drinking water, now they have uninterrupted and round-the-clock supply of fresh water which complies with the standards of the World Health Organization. One of the high priorities of President Ilham Aliyev’s current administration is to build drinkable water lines on all cities and villages. The government agencies including “Azersu” and the Ministry of Environment and Natural Resources are building water treatment plants of modular type in villages located along the rivers. Today, almost 500 thousand people living in these territories have non-stop access to a clean drinking water.

In 2014, over US$20 billion was invested in the national economy. Such a large amount has allowed Azerbaijan to develop major projects in infrastructure and public works. Azerbaijan has one of the lowest inflation rates in the world. Its macroeconomic stability is the main factor that ensures a stable economic development.

Agriculture has gained a special attention in the administration of President Ilham Aliyev, as a result his nation has achieved impressive results in developing large agricultural farms and secured a prestigious place in the global market of agricultural and dairy products. Substantial reforms are being implemented and they will ensure self-sufficiency in grain production for the whole population in Azerbaijan. The Government of President Ilham Aliyev is setting the standard by establishing large agricultural farms that operate within the world’s highest standards. The main priority of the agricultural sector is to expand its presence in the international markets and increase the quantity of agricultural products being exported to Europe.

In regards to national gasification project, this process has been steady and moving toward the right direction. In the next few years the gasification of Azerbaijan is expected to be distributed in over 95 percent of its territory. President Aliyev has been following the progress of this undertaking very closely and is informed on all the villages that have recently natural gas services available. Azerbaijan’s gas has also been heavily exported to Georgia.”

Share news on social media

Follow us on social network

® Transfer your loans to Kapital Bank and get a loan without cash withdrawal commission

Head of Azerbaijan's State Service of Special Communication and Information Security explore opportunities for cooperation with his Romanian counterpart

Azerbaijani NGOs and residents of Karabakh and East Zangezur send open letter to Norwegian Nobel Committee

SpaceX launches 23 Starlink satellites into space

Azerbaijani judo referee to officiate at Paris 2024 Paralympic Games

® Azercell hosts the GSMA M360 Eurasia in Baku for the second time

Azerbaijan explore prospects for social security cooperation with Türkiye and Moldova

New Caledonian delegation visits Baku Initiative Group office

Possibilities for cooperation between Baku Higher Oil School and higher educational institutions in Uzbekistan discussed

Azerbaijani female chess players to fight for glory at European championship in Greece

Tsunami alert after a volcano in Indonesia has several big eruptions and thousands are told to leave

The Last Caravaggio review – a gripping and murderously dark finale

Azerbaijan, Ukraine discuss COP29-related issues

The Oslo Statement creates new challenges on people development

71 killed, 67 injured in rain-related accidents in Pakistan

French police evict hundreds from abandoned Paris warehouse ahead of Olympics

Azerbaijan, Pakistan discuss educational cooperation

Azerbaijani military pilots professionally conduct training flights VIDEO

Azerbaijan’s Energy Minister embarks on visit to US

Protests, heightened terror threat mean tight security at Eurovision Song Contest in Sweden

Azerbaijan to promote its culture in Spain

Fenerbahce to host Olympiacos in Conference League quarterfinal 2nd leg

Two Azerbaijani gymnasts into final of FIG Apparatus World Cup

Azerbaijan, EBRD discuss green energy partnership in Abu Dhabi

New Caledonian delegation visits Heydar Aliyev Center VIDEO

31 years pass since the Bashlibel tragedy, one of the bloodiest pages of our history

Oil prices go up in global markets

U.S. Department of State responds to AZERTAC's inquiry

Combined Arms Army’s Air Force holds tactical-special exercise, Defense Ministry

Azerbaijani oil price declines in global markets

Bayern Munich, Real Madrid advance to UEFA Champions League semifinal

Cabinet of Ministers convenes to address implementation of order on electric vehicle promotion

Azerbaijan names 18 boxers for European Championships in Belgrade

Potential priorities and plans of Azerbaijan`s CICA chairmanship in 2024-2026 discussed

® Kapital Bank OJSC's bonds placed at Baku Stock Exchange

AZAL and DFS Aviation Services agree to modernize Lachin Airport

Action plan related to designation of city of Shusha as 'Youth Capital of Organization of Islamic Cooperation' to be prepared - ORDER

International Renewable Energy Agency’s 14th Assembly continues with panel sessions

New Caledonian delegation visits NAM Youth Organization’s headquarters VIDEO

Over 90 pct of Sudanese school-age children deprived of formal education due to conflict: UNICEF

Chair of New Caledonian Congress Committee visits St. Mary's Catholic Church in Baku VIDEO

Submissions open for 2nd Silk Road Global News Awards

‘New Caledonian people highly appreciate Azerbaijan’s support’

Former No. 1 pick Blake Griffin retires after 14 seasons

‘Revenues from Azerbaijan’s transport sector increased by 15 per cent’

Around 40 new epidemics recorded each year in West African sub-region

Azerbaijani pool player claims European championship title

UK lawmakers vote to approve plans to ban smoking for those born after 2009

UAE ready to support Azerbaijan during its presidency of COP29

Hikmet Hajiyev: The withdrawal of Russian peacekeepers from Azerbaijani territory ahead of schedule has been decided by the leaders of both countries

Donald Trump falls $75mn behind Joe Biden in money race as donor base shrinks

71 killed, 67 injured in rain-related accidents in Pakistan

Azerbaijani ambassador presents his credentials to President of Portugal

Energy Minister: Azerbaijan will play an important role in regional integration in field of renewable energy

Most massive stellar black hole in the Milky Way discovered 'extremely close' to Earth

UNEC included in same group as world universities in international ranking

® “Her Action in Art” festival: celebrating women's contributions in art

Azerbaijan, International Renewable Energy Agency discuss prospects for cooperation

President Ilham Aliyev received Secretary General of Conference on Interaction and Confidence Building Measures in Asia VIDEO

14th Assembly of International Renewable Energy Agency gets underway in Abu Dhabi

From Ferdinand Romualdez Marcos, President of the Republic of the Philippines

Honda to launch next-generation EVs in China by 2027

Researchers in Australia identify 3 new species of extinct kangaroos

Foreign Ministry: France’s accusation against Azerbaijan of unilateral actions are completely unfounded

Azerbaijan, EU discuss current state and prospects for developing relations

Azerbaijan’s Defense Ministry: Quadrocopter attempting to carry out reconnaissance flights in direction of Tovuz district neutralized VIDEO

Antibiotics aren't effective for most lower tract respiratory infections

Japan probes Google antitrust allegation concerning ad services

Azerbaijani oil price exceeds 93 dollars

Global oil prices drop

People's Artist of Azerbaijan Chingiz Sadykhov’s 95th anniversary marked in Northern California

Dortmund, Paris Saint-Germain both reach Champions League semifinals with comebacks

Trump trial gets underway in New York with jury selection in historic case

Release of the Press Service of the President

Tree-planting campaign held in Baku

Renovated courtyards handed over to residents with participation of Leyla Aliyeva

Baku presents official poster of ISSF World Cup

World Bank welcomes “ASAN service" concept

Azerbaijan name 7 gymnasts to compete in FIG Rhythmic Gymnastics World Cup - AG Trophy in Baku

US NSA Jake Sullivan postpones India visit amid Middle East crisis

Coral reefs hit by fourth global bleaching event

Azerbaijan, ACWA Power discuss cooperation on onshore and offshore wind energy projects

Azerbaijan exports crude oil and oil products worth about $3.5 billion in Q1 2024

Abu Dhabi playing host to 14th Assembly of International Renewable Energy Agency

Memorandum of Understanding on establishing Türkiye-Azerbaijan University approved - ORDER

bp begins oil production from major new platform offshore Azerbaijan

Azerbaijan exports 67.600 tons of petroleum coke in Q1 2024

Mexico City records record-high temperature of 34.2C

Copenhagen fire: Spire collapses as historic stock exchange engulfed by flames

World's fastest camera captures footage at 156 trillion frames per second

Tesla lays off ‘more than 10 percent’ of its workforce, loses top executives

® First quarter 2024 financial results revealed by Kapital Bank

President Ilham Aliyev laid foundation stone for Shirvan irrigation canal in Hajigabul district
The head of state addressed the event VIDEO

Azerbaijan will also become a reliable green hydrogen supplier for EU, says Energy Minister

UEFA Champions League quarterfinal 2nd leg to kick off with 2 matches

Azerbaijani gymnasts to flight for glory at Czech Aerobic Open 2024

Türkiye’s 1st indigenous Earth observation satellite completes 1st year in space

Azerbaijan, Türkiye exchange mutual experience in military information field

Military ammunition found in Azerbaijan’s Jabrayil district

President Ilham Aliyev: We are doing everything in a planned manner in order to obtain maximum efficiency from every inch of land VIDEO