ECONOMY
‘Azerbaijan is among the countries that have successfully overcome the crisis’
Baku, January 12, AZERTAC
“Azerbaijan, as is the case with other oil-rich countries, suffered the repercussions of the falling oil prices. But if we look at the steps taken by all oil-exporting countries, we can see that Azerbaijan is among the countries that have successfully overcome this crisis. There are a number of other oil-rich countries which, like us, managed to successfully overcome this situation,” said President Ilham Aliyev at the meeting of the Cabinet of Ministers dedicated to the results of socioeconomic development of 2016 and objectives for the future.
“Oil prices have fallen three- to fourfold. This means that oil, which is our main source of income, has brought us three to four times less profit. Of course, we had to find a way out of this crisis, and I think we did find it. Despite all the difficulties and losses, we have managed to maintain economic stability and get out of this difficult situation with dignity.”
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
WHO says current public health risk posed by bird flu 'low'
- 27.04.2024 [20:14]
Another Azerbaijani judoka crowned European champion
- 27.04.2024 [20:01]
Long lines form and frustration grows as Cuba runs short of cash
- 27.04.2024 [19:40]
Liverpool’s 2-2 draw at West Ham further damages Premier League title hopes
- 27.04.2024 [19:04]
® Affordable smartphone offer from Nar!
- 27.04.2024 [18:49]
Azerbaijani servicemen attend Efes - 2024 multinational exercise
- 27.04.2024 [18:35]
Azerbaijan’s State Oil Fund buys Tesla and Intel stocks - EXCLUSIVE
- 27.04.2024 [18:17]
Dmitri Peskov: Russia advocates for peace deal between Armenia, Azerbaijan
- 27.04.2024 [18:07]
One more suspect in Crocus City Hall terror attack arrested — police
- 27.04.2024 [17:41]
Rwanda Bill has caused migrants to pour into Ireland, says deputy PM
- 27.04.2024 [17:16]
President of Montenegro: Azerbaijan is a friendly country for us
- 27.04.2024 [17:14]
Greece hands over Olympic Flame to Paris 2024 Games organizers
- 27.04.2024 [16:31]
Earth's rotation slowing, making days longer: Scientists
- 27.04.2024 [14:41]
M6.9 earthquake hits south of Tokyo, no tsunami threat
- 27.04.2024 [14:35]
ANAMA employee injured in landmine blast in Shusha
- 27.04.2024 [14:16]
US Air Force awards $13 billion Doomsday plane contract to Sierra Nevada
- 27.04.2024 [13:42]
60-year-old lawyer makes history by being crowned Miss Universe Buenos Aires
- 27.04.2024 [13:41]
Azerbaijan, Montenegro discuss interparliamentary cooperation
- 27.04.2024 [13:40]
Moroccan King invited to COP29
- 27.04.2024 [12:57]
Oil prices surge in global markets
- 27.04.2024 [12:08]
Guler goal gives much-changed Real Madrid win over Real Sociedad
- 27.04.2024 [11:59]
Azerbaijan Army command-staff exercises accomplished
- 27.04.2024 [11:39]
20th Ankara book fair kicks off in Turkiye
- 27.04.2024 [11:36]
Azerbaijani oil price climbs above $90
- 27.04.2024 [10:50]
Britain's King Charles to return to duty after cancer treatment
- 27.04.2024 [10:23]
Hidayat Heydarov crowned four-time European champion
- 26.04.2024 [21:07]
President Ilham Aliyev concluded his working visit to Germany VIDEO
- 26.04.2024 [21:00]
PKK bomber gets 7 life terms for Istanbul attack
- 26.04.2024 [20:50]
British man tests first personalised melanoma vaccine
- 26.04.2024 [20:33]
Azerbaijani, Kazakh military specialists hold meetings
- 26.04.2024 [20:23]
Kazakh delegation visits Azerbaijan Air Force Central Command Post
- 26.04.2024 [19:04]
AZAL introduces exclusive airfare deals to Bucharest and Sofia
- 26.04.2024 [18:38]
Gaza pier: US begins building floating base to boost aid
- 26.04.2024 [17:48]
Kyrgyz Minister of Digital Development informed about "ASAN Xidmet" center
- 26.04.2024 [16:57]
Azerbaijani judoka captures European silver
- 26.04.2024 [16:28]
Azerbaijani boxers claim two European bronzes in Serbia
- 26.04.2024 [16:27]
Deepwater Gunashli planned turnaround programme
- 26.04.2024 [16:23]
Xi meets Blinken, stresses major country responsibilities for China, U.S.
- 26.04.2024 [16:19]
Azerbaijani Paralympic swimmer secures his third European medal in Portugal
- 26.04.2024 [16:18]
Another 39 families relocated to Fuzuli city get house keys
- 26.04.2024 [15:58]
President Ilham Aliyev: COP29 will not be an arena of confrontation
- 26.04.2024 [15:39]
President Ilham Aliyev: There are very good opportunities to achieve peace
- 26.04.2024 [15:14]
Olaf Scholz: We welcome initial demarcation agreements
- 26.04.2024 [15:01]
Closing ceremony of Turkish-Russian Joint Monitoring Center held
- 26.04.2024 [14:47]
Aramco and FIFA announce global partnership
- 26.04.2024 [13:22]