"We launched profound economic reforms under the leadership of the Great Leader. The establishment of the economy based on the principles of a market economy was accomplished in those years," said President of the Republic of Azerbaijan, Chairman of New Azerbaijan Party Ilham Aliyev at the event marking the 30th anniversary of the establishment of the New Azerbaijan Party (YAP) at the Heydar Aliyev Center, APA reports.
"The future development of Azerbaijan as a secular state was determined in those years. It was in those years that our foreign policy and our work on national interests were explained to the people and received popular support. The steps taken in many other areas, including the field of army building, allowed us the opportunity to create a strong regular army in a few years.
Today, all Azerbaijani people are proud of our army. In other words, those historic steps covered the long-term strategic development of our country. Of course, we had to have strong financial resources to implement all our plans. We understood perfectly well that it was impossible to achieve this without foreign investments. In order to attract foreign investments to the country, first of all, there had to be stability, and this stability was created. Back then, in 1991-1993, the Azerbaijani people actually did not know what stability was. There were illegal armed units, people with sub-machine guns were commanding the streets of Baku and other cities, there was a mood of mass disobedience. Under such circumstances, stability could only be created thanks to Heydar Aliyev's influence, his courage and the people's confidence in him. And foreign investments started flowing in immediately after him. The famous Contract of the Century and subsequent work in the oil and gas sector created a strong financial foundation at that time. The steps taken and the decisions made back then gave us the opportunity to pursue an independent economic policy and assert ourselves as an independent country at the international level," noted head of state.
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