The fall in world oil prices stimulated the transition of economic reforms in Azerbaijan to a qualitatively new stage.
Report informs, First Deputy Prime Minister Yagub Eyyubov said at the conference “Economic Reforms: Results and Recommendations” in Baku.
According to him, the country leadership reacted timely and adequately to the new economic realities, reforms took a regular course: “Ultimately, Azerbaijan has become one of the most successfully countries implementing economic reforms, economic recession has ceased, financial and macroeconomic coordination was ensured, exports from country have accelerated, growth of 41% was recorded for 4 months in this sphere. All this is reflected in the reports of international organizations, rating agencies.”
“I would like to assure you that as a result of the economic reforms implemented, taking into account global economic challenges, together with entrepreneurs and investors, we will provide an effective model of economic reforms”, he said.
