(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 25. Azerbaijan's
economic indicators for the first six months of this year are
satisfactory, Minister of Economy Mikayil Jabbarov said on the air
of Azerbaijan Television (AZTV) on Monday, Trend reports.
'The growth of the economy by more than 6 percent, the non-oil
sector - by 9.6 percent demonstrates a healthy economic growth. In
many countries of the world, economic growth is predicted to slow
down this year, while all leading rating agencies, based on
Azerbaijan's economic indicators for the first half of this year,
are increasing their forecasts,' he said.
Speaking about the factors that ensured economic growth,
Jabbarov noted that, firstly, during the COVID-19 pandemic,
consistent measures were taken by the state.
'The main goal was to ensure the continuation of the activities
of enterprises, the preservation of jobs and ensuring the integrity
of the economic structure. Secondly, we see the results of economic
and structural reforms. Thirdly, it is related to the efficiency in
the management of state enterprises. Another factor is the
continuously evolving business environment. Finally, the oil and
gas sector continues to play an important role in the Azerbaijani
economy. As you know, in 2022 there was an increase in oil and gas
prices on world exchanges,' he added.
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