Ilham Aliyev predicts very successful year for Azerbaijan
Azerbaijan’s President Ilham Aliyev said that 2017 will be very successful for the country, taking into account indicators of the first quarter of the year.
He noted that the results of the first three months of this year demonstrate that the decisions made in 2016 have produced wonderful results in a short space of time.
The president said the non-oil sector of economy grew 2.4% in the first quarter of 2017, calling this a very good indicator.
"Our non-oil industry rose 2%, agriculture increased 3.5%. More than 80,000 jobs were created in three months. Our trade turnover increased 15%, exports saw a nearly 50% growth, and imports fell 17 percent. The export of agricultural products increased 44%," Aliyev said, speaking at a republican conference of non-oil exporters.
Azerbaijan had a trade surplus of over $1 billion in the first quarter of the year, said the head of state.
"Our foreign exchange reserves are growing. This positive dynamics allows us to say that we will achieve even greater outcomes this year," AzerTAc cited the president as saying.