The president made the remarks at the meeting of the Cabinet of Ministers dedicated to the results of socioeconomic development in the first quarter of 2017 and future tasks, APA reported.
The head of state noted that the currency reserves increased $1 billion in the first quarter: “Today, our currency reserves make up $38.5 billion. This is the key issue. The trade turnover grew 15%, export about 50% and non-oil export by 10%. But import decreased 17%.Decrease of import and sharp increase of export ensure our economic stability. Positive balance of trade turnover makes up $1 billion. These indicators clearly reflect our economic development. We’ll strengthen our economic potential in the future too”.
President Aliyev noted that 85,000 jobs were launched in the reporting period: “Launch of new jobs continue not only in the state sector, but also in the private sector. Over 40,000 jobs were launched in the private sector. This manifests economic development”.