POWERFUL INDUSTRIAL COMPLEX TO BE CREATED IN AZERBAIJAN
At the conference on the results of the 2nd year of implementation of the state program for socio-economic development of regions, President of Azerbaijan Ilham Aliyev voiced an idea that the country should effectively use the oil factor and there is a need to prepare a long-term conception, Azerbaijan’s industrial development program and establish a powerful industrial complex. All conditions to realize it are available. First of all, the government has a deliberate economic development concept, program and political will to do so, and there is public solidarity on the matter Socio-political situation in Azerbaijan is very favorable for implementation of the reforms. He noted that a class of entrepreneurs had already been created in Azerbaijan. The number of businessmen has significantly increased in Azerbaijan over the last two years.
To assist the entrepreneurs for their businesses preferential loans are subsidized from the state budget, with their amount increasing every year. This year it is about $100 million. These funds will be given to businessmen that will lead to opening new jobs, enterprises, plants etc
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