Azerbaijani President: Now our main objective is to continue diversification of our economy

Azerbaijani President: Now our main objective is to continue diversification of our economy
  • Clock-gray 21:59
  • calendar-gray 11 March 2021

"I am also very grateful for support from EBRD to our energy projects, particularly Southern Gas Corridor, and its last portion - TAP, which EBRD financed at amount of 1 billion euros. As you know last day of last year we celebrated the inauguration of TAP and the Southern Gas Corridor," said President of the Republic of Azerbaijan Ilham Aliyev as he received in a video format new President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso and other members of the Bank's senior management, APA reports.

"So, that was really a historical achievement which changed completely the energy map of Eurasia. Now, as you know our main objective is to continue diversification of our economy. The results, I think, are very promising, especially this year and last year, despite pandemic, despite some contraction of our GDP we have growth in non-energy related industry production. These two months we have growth of more than 12 percent. So, this is a good indicator of diversification of our industry. We managed to channel the funds which we accumulated from oil sales to support private sector, to support our industrial potential and the 12 percent growth in non-energy industry really is a remarkable event," said Azerbaijani President. 

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