President: Over $16 billion was invested in Azerbaijani economy last year alone
Baku, November 13 (AZERTAC). “Over $16 billion was invested in the Azerbaijani economy last year alone. Most of this is domestic, Azerbaijani investment,” President Ilham Aliyev said at the Azerbaijan-Hungary business forum. “Besides, the country consistently attracts foreign investment, and I can say that Azerbaijan is among CIS leaders for the amount of direct foreign investment.”
The President noted “In general, the Azerbaijani economy has received over $100 billion in investment in the last 15 years, which has also given a powerful impetus to our all-round economic development.”
President Aliyev said “Currently, the priority issue related to our economic policies is economic diversification. Specific measures are taken to reduce our dependence on the energy factor and develop the private sector. Specific programs are also implemented to develop and promote small and medium-sized businesses.”
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