President: Stability of Azerbaijan’s economy is important factor for regional economic cooperation

Baku, May 22, AZERTAC

“We have very low foreign debt, it's below 10% of our GDP. We have a stable national currency and I'm sure, will continue to be stable because we have a surplus of our international trade turnover, substantial surplus,” said President of Azerbaijan Ilham Aliyev as he addressed the opening ceremony of the Azerbaijan-Lithuania business forum in Vilnius.

“And hard currency reserves, which we accumulated in our State Oil Fund and Central Bank reserves is 10 times more than our foreign debt. So, stability of our economy is an important factor for regional economic cooperation and for investment climate because good investment climate is created not only by having good legislation. It is not enough,” the head of state emphasized.