Azerbaijan will reduce the state budget expenses in 2016 due to falling oil prices. This was stated by President Ilham Aliyev, speaking in Baku at the meeting of the Board of Governors of the Asian Bank.
"Falling prices for oil and gas can not disturb Azerbaijan. In response, we reduced unnecessary costs and improve the management system," Aliyev said.
Assessing the economic situation, he said that the investment climate remains favorable. Unemployment in Azerbaijan is at the level of 5%, while the poverty rate dropped to 5%. This means that we managed to avoid the "Dutch disease", Aliyev believes.
"In some countries rich in oil the rich get richer and the poor get even more impoverished. Our goal is to let all use these revenues," he said. -02D-
Politics
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The Russian side must apologize for the air defense attack on the Azerbaijani civilian aircraft, said Azerbaijani MP Rasim Musabeyov.
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Azerbaijani government sources have exclusively confirmed to Euronews on Thursday that a Russian surface-to-air missile caused the Azerbaijan Airlines plane crash in Aktau on Wednesday.
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CrashThe Secretary General of the Council of Europe, Alain Berset, has expressed his condolences and deep sadness over the tragic Azerbaijan Airlines crash in Kazakhstan with many fatalities.
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The crash of our plane in Aktau raises several questions that demand answers: 1. Many of the victims of this tragedy were people who previously traveled to the North Caucasus by train or car. These victims might not have existed if Azerbaijan hadn’t kept its land borders closed for several years.
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