ECONOMY
AZERBAIJAN PRESIDENT: WE MUST MAKE SMALL AND MEDIUM-SIZED ENTREPRENEURSHIP BASIS OF OUR ECONOMY
Baku, March 21 (AZERTAC). President of Azerbaijan Ilham Aliyev has stressed the importance of strengthening efforts to make small and medium-sized business become the “basis of our economy”.
The President spoke to a conference on the first year of implementation of “State Program of socio-economic development of regions for 2009-2013”.
“We`ve been providing both political and financial support to entrepreneurs. We`ve allocated huge amounts of money to local businessmen through the national fund for support of entrepreneurship.”
However, the President stressed the importance of gaining access to world markets.
“We must make more serious efforts and boost support to the sector since getting to the world markets is of essence,” he said.
“At the same time we need to learn the experience of developed countries who built their economies on small and medium-sized entrepreneurship.”
“We must boost the development of entrepreneurship in Azerbaijan especially since we have huge potential to get it done,” added the President.