Chaired by President Ilham Aliyev, a meeting of the Cabinet of Ministers was held on the results of socioeconomic development in the first half of 2014.
According to Aliyev, during the reporting period the economy grew by 2.1% and increased GDP, and the share of non-oil sector (7%). Inflation was 1.6% from January to July with the growth of cash income by 4.7%. "This is the most desired balance for any country," he stressed.
The Head of State noted agricultural growth of nearly 6%. Foreign exchange reserves increased and exceeded $ 54 billion. As a result of the third regional development program for six months new 65,000 jobs opened, including 52,000 permanent jobs. From the beginning of 2003 opened 1.3 million jobs, of which about 1 million were constant.
The average monthly salary is, according to Aliyev, 440 manat or $ 560. President believes that the continued growth of welfare, strengthen social justice and the fight against negative phenomena further reinforce the positive trends that have no analogues in the world.
Then he touched the fundamental question of the stability of the real economy - the oil and gas sector. Preliminary tenders have been announced in connection with the Southern Gas Corridor project, Shah Deniz-2 is gaining momentum, the project TANAP has actually started and the project TAP is approaching. Their implementation "will change the energy map of Europe and will turn Azerbaijan into a very important economic and energy partner, and most importantly continue to ensure the welfare of the Azerbaijani people in addressing economic and financial issues," said the head of state.
Concerning the issues of foreign policy, Aliyev said that Azerbaijan has long ensured its energy security, and today plays a role in ensuring the energy security of other countries, especially for what its partners value Azerbaijan and actively invest in it.
The meeting was also attended by the Minister of Economy and Industry Shahin Mustafayev, Agriculture Minister Heydar Asadov, as well as the Minister of Labor and Social Welfare Salim Muslimov. - 17D-
Economics
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